Early hand back of car on PCP

AdrianC

neilmcl wrote: »

That's not how it works. The term for a new car doesn't get extended, a brand new agreement will be created.

Sure, but under the same customer account.

Mercdriver

Robby1988 wrote: »

Car finance providers don’t like voluntary terminations. Although it’s a consumer right, ultimately it’s a failure on your behalf to see out the contract you had with them.

You haven’t missed payments or anything so your credit score isn’t going to take a battering, but you may encounter difficulties being approved for car finance again I future.

Could you not have waited another 3 months to get a car?

Probably convinced into doing it by the salesman with his winning smile and a glistening new car. Too many people using an instrument that is intended to protect for convenience. Eventually it will bite everyone on the ar5se. It's already started with excess mileage charges being enforced pro rata.