Withdrawing PCP

neilmcl

AdrianC said:

Nuggy96 said:

AdrianC said:

Don't forget it's not your car. You don't own it. You've not bought it on finance, so cancelling the finance won't leave the car in your ownership...

Withdrawing from the finance, means you have to pay off the whole finance, at which case the car will be mine.. but thanks for the help

No, paying the settlement amount on a PCP sees the car returned to the owner - the financier.

What on earth are you talking about. Settling the finance or withdrawing will have the same effect the finance agreement is paid off and the OP becomes the owner. How can you not know this. And further to your other post a PCP is just another form of HP.

DrEskimo

Nuggy96 said:

Thanks DrEskimo, decided to stop arguing over it as I know what was true. I rang the finance people today who gave me the agreement number and paid and withdrew. thanks for your help on my previous post about this Eskimo

Adrian usually provides very good advice, but I suspect he is just confusing PCP with PCH in this instance. Not a problem, we all have our moments!

Pleasure, enjoy your new car

Mercdriver

DrEskimo said:

Nuggy96 said:

Thanks DrEskimo, decided to stop arguing over it as I know what was true. I rang the finance people today who gave me the agreement number and paid and withdrew. thanks for your help on my previous post about this Eskimo

Adrian usually provides very good advice, but I suspect he is just confusing PCP with PCH in this instance. Not a problem, we all have our moments!

Pleasure, enjoy your new car

Quite easily done as many/most people treat PCPs as PCH...