Advice needed

ellesbelles101

Hi all 
I bought a preowned Audi Q3 in January 2017 with roundabout 12,000 miles on it.  I told Audi I didn’t want to spend any more than £400 a month and foolishly let them talk me into paying £400 a month for 6000 miles a year, even though originally I told them I would be doing 10,000 miles a year. The salesman assured me that if I wanted to get a new deal at any time then he would “sort this out” and told me “not to worry about the mileage”. 

So it’s now 2020 I have gone way over my mileage and the salesman got sacked the same year I got my car.  Audi don’t want to know and so I thought about VT but the problem is I will be paying around £2500 in extra mileage albeit I don’t know what the standard pence per mile is? 

Do I have any leg to stand on? I literally can’t get out of this negative equity and it’s driving me insane! 

Any help would be much appreciated.  Thank you 

Mercdriver

Much might depend on what the trade in value might be towards the end of your term.  

Goudy

You won't get anywhere with Audi, the dealership or the finance company as you did sign the forms for this deal and I would presume you would have signed other forms that you fully understood the finance as that is the normal practice these days.

Realistically, you aren't any worse off now than if you took the same car over 10,000 miles rather than 6,000 as you would have paid more monthly to account for the increase in miles, it's just now they want it in one lump.

The extra mileage charge is usually between 6p and 8p per mile, but you need to read (or should have read before signing) the finance agreement for that.

But all this depends on what you are planning to do.

If you hand it back they'll want this excess mileage plus any damage charges above the normal wear and tear..

Pay off the GFV and just keep the car and you've no problem.

Trade it in and you're free to negotiate the trade in value against a new car. This might be the best way as I presume you'll still need a car.

You'll be free to hawk it around anywhere to get the best deal and as you're now in the driving seat on the go ahead of any new deal just dig your heals in and make sure they at least cover the GFV if not more towards a deposit on the new deal.

AdrianC

Don't you have your PCP paperwork? That'll tell you how much the amount per mile is. But if you've done 3yrs x 4k/year = 12k over the contract, and you're being expected to pay £2,500, then you know roughly what it is - 21p/mile.

You had a choice at the time of taking on the PCP. Pay more per month and get a higher-mileage deal, or hit your target monthly and face excess mileage. You chose the second. Higher mileage means higher depreciation means a lower balloon - so of course you're going to pay more to do more miles in their car. If the extra cost for the correct mileage would have been £70/mo or more, then you're ahead by doing it this way.

The other option is to pay the balloon and buy the car.

Herzlos

How long is left on the term, if you're now 2-3 years in? It might be worth sticking it out and getting a loan to just buy the car, then you dont need to worry about the mileage.
Legally, you've no leg to stand on, you agreed to a 6k/year contract whilst doing 10k.

neilmcl

The salesman was largely correct, the mileage charges wouldn't have been relevant had you gone for a "new deal". You agreed to the low, unrealistic mileage allowance in order to get a lower monthly payment.