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Pcp end of term charges

24

Comments

  • Nasqueron
    Nasqueron Posts: 10,942 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It will affect the GMV of the car to not have the services, perhaps not an easy figure to estimate but if it does not reach this value you will be stung for that so you will end up with the charges for that along with everything else they want to sting you for. Have you priced up the car to sell it privately and see what you would get?

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Duaneb56
    Duaneb56 Posts: 10 Forumite
    Balloon payment is around £6k car is probably worth around £5k by the time it gets to it. I need to give the car back I have no other option I just have a feeling I!!!8217;m going to get stung for thousands !
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Is the car 3 years old yet? The missing or late service will invalidate any remaining warranty. If over 3 years, it will still take a hit in value due to not having a FSH.
    No free lunch, and no free laptop ;)
  • neilmcl
    neilmcl Posts: 19,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Duaneb56 wrote: »
    Balloon payment is around £6k car is probably worth around £5k by the time it gets to it. I need to give the car back I have no other option I just have a feeling I!!!8217;m going to get stung for thousands !
    You don't know that, you're just guessing. The GMV will be the car's value to trade, not it's retail value. It's worth seeing what you can get for the car by selling it privately, it may be you're only way to get around this.

    Have you exceeded the agreed mileage allowance?
  • Duaneb56
    Duaneb56 Posts: 10 Forumite
    No I am well under the agreed mileage limits. I know there will be something to pay but not sure how much .. does anyone know if they will be able to charge higher than the GMV?
  • Whatever you do avoid Kwik fit in the future, regardless of what car you have.

    From their point of view what looks better, a car that has been serviced at a Citroen dealer or one that's been serviced by Kwik Fit
  • Duaneb56
    Duaneb56 Posts: 10 Forumite
    Plus even if I sell it privately I won!!!8217;t get enough to cover the balloon payment which will mean I will still owe them money
  • neilmcl
    neilmcl Posts: 19,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Duaneb56 wrote: »
    Plus even if I sell it privately I won!!!8217;t get enough to cover the balloon payment which will mean I will still owe them money
    Again, without valuing the car, how do you know.
  • Somebody taking out PCP and not reading the contract, thats new.

    And !!!!!! is with starting posts with "so". Just stop it.
  • Duaneb56
    Duaneb56 Posts: 10 Forumite
    Your really helpful .. no need to comment just pass on by
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