We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Question about PCP finance

2»

Comments

  • motorguy
    motorguy Posts: 22,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    hieveryone wrote: »
    Ah, I guess it would go under Voluntary Termination? Surely the OP would be looking at a cash settlement of about £7k?

    As already said, no its just settling the finance.
  • motorguy
    motorguy Posts: 22,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    hieveryone wrote: »
    Maybe it won't affect his credit, but surely the OP will be absolutely thousands out of pocket - seems a crazy decision :-/

    Not really up to us to judge though is it?

    And the O/P only asked how it would work, they didnt say they'd made the decision to do it.
  • thomas812
    thomas812 Posts: 25 Forumite
    10 Posts
    edited 24 November 2019 at 11:11PM
    Thanks for the replies guys.

    Just wanted to know what'd happen & the financial situation if money weren't a problem.

    Guess I'll have to wait until the contract is nearly up to change without too much of a financial hassle.

    @motorguy @flashg67
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.8K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.6K Spending & Discounts
  • 247.6K Work, Benefits & Business
  • 604.5K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 262.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.