Voluntary Termination PCP - BMW MINI

Em86

Hi

New to the site and I have searched through quite a few of the posts already regards to voluntary terminations however non have the answer I’m looking for.

I have voluntary terminated my Mini which is with BMW finance, I have paid over the 50% amount and mileage is well under what is stipulated in the agreement, car is also in excellent condition, car is getting collected tomorrow (6th March) by the BCA.

My question is, if BMW have accepted the termination which they have in writing, do I have to make further payments?
Yesterday, 4th March i paid my monthly payment which I would normally if I was still keeping the car (done via direct debit) but the car is being collected tomorrow?

Should I call BMW and ask them the question? I just want to know where I stand.

Thank you I’m advance for any help any of you can give.

Thanks

prowla

There should have been a settlement amount stated.

Em86

There is no settlement amount to be paid it states the termination payment is £0.00. I have paid over the 50% of the agreed amount to voluntary terminate as advised above

Em86

Does anyone know?

molerat

What date did you VT ? When did BMW reply ? What have you been doing with the car since you VTd ?

supersaver1000

Call the finance company to check, but I am pretty sure they will refund you any overpayment.

Em86

Molerat I sent my VT to BMW on 23rd feb 2019 and I had a text message and a call from BCA 28th feb 2019 to arrange collection of the vehicle, the earliest they where in my area is 6th March, which has taken me over the payment date of 3rd March (4th due to weekend). The car has pretty much been sat on my drive as I’m heavily pregnant. (Reason I have VTd the car due to circumstance change).
Supersaver1000 thanks i will call just didn’t want to call an ask for the money back if I’m not in the right to do so.

Thanks Em