VT with Motonovo finance

Asfixiator

I am 2 months off the 50% mark with my car finance so decided to do a bit of research about other peoples experiences and I'm thoroughly shocked at people getting stung by the excess mileage scam. Fortunately for me I don't need to worry about this as I've only done 9000 miles in a year and half, my worry is it's a 12 year old mini cooper s (endless money pit) I bought the car with scratches on the rear window and scuffed alloys which are my biggest concerns.

I have invoices to prove I've had a new timing chain, 4 new discs and pads, and a major oil leak fixed, I'm just wondering where I stand with them when it comes to inspection as they are looking for every single flaw they can find to grab more money off you. Do I just sign and let them take the car and argue everything else later down the line or get charged for the inspection but keep the car?

Any help is very much appreciated.
Thanks.

neilmcl

Asfixiator wrote: »

I'm thoroughly shocked at people getting stung by the excess mileage scam

What scam?

The only scam going on is buyers making ridiculously low mileage claims when taking out agreements with the intention of reducing their monthlies knowing full well they've no intention of keeping the car to the full term. Then they get "annoyed" that the finance companies dare to to ask for what they think is owed. Yes they may not legally be entitled to charge for excess mileage over the full term when a VT has been instigated but that doesn't take away that too many car buyers are playing the system, and frankly a lot are taking the p**s.

Asfixiator

Sorry I may have worded that a bit strongly and it never entered my head to think about people playing the system but 15p per mile is way too much also I had every intention of keeping the car, I was in love with it however after seeing the car for what is truly is worth I now want to get rid.

macman

If the car had scratches and scuffs on it when purchased, then these should have been noted on the paperwork and you should not be charged for them.
Why did you buy a 10 year old car on a PCP?

foxy-stoat

Good luck with VTing a 10 year old car and it only having fair wear and tear, what ever the shade of grey the finance company chose that the wording.

Mercdriver

This thread ought to be a sticky as an example of why PCP is not a good idea on used cars.

I bet the APR is a bit 'juicy' too.

Asfixiator

foxy-stoat wrote: »

Good luck with VTing a 10 year old car and it only having fair wear and tear, what ever the shade of grey the finance company chose that the wording.

It's only ever failed 1 mot in it's life and that was before I got it.
Reason(s) for failure
Front registration plate character(s) likely to be misread (6.3.4b)

I've taken great care of it and don't see what the issue might be?

Mercdriver

Asfixiator wrote: »

It's only ever failed 1 mot in it's life and that was before I got it.
Reason(s) for failure
Front registration plate character(s) likely to be misread (6.3.4b)

I've taken great care of it and don't see what the issue might be?

That will most likely have been a non standard registration plate. The type that some people have put on when they have personalised plates and use an unauthorised font or spacing

System

It is a 12 year old car, the condition for fair wear and tear on a 12 year car will be considerably different than that of a 3 year old one although the scratches on the rear window may be an issue. You can't do anything about it but see what the report comes back with. If you want to get out of the deal you have to let them come, inspect it, sign the paperwork and then see what comes along.

Nearlyold

macman wrote: »

If the car had scratches and scuffs on it when purchased, then these should have been noted on the paperwork and you should not be charged for them.
Why did you buy a 10 year old car on a PCP?

I don't think they have got a PCP as I can't see any Finance Company offering one. Think the OP has accidentally misled us into assuming PCP by asking about mileage.

neilmcl

Nearlyold wrote: »

I don't think they have got a PCP as I can't see any Finance Company offering one. Think the OP has accidentally misled us into assuming PCP by asking about mileage.

What was this all about then:

Asfixiator wrote: »

I am 2 months off the 50% mark with my car finance

Although it's more likely a car bought on HP.