PCP coming to an end and Covid?

neilmcl

https://customer.vwfs.co.uk/car-finance-options/End-Of-Agreement.html

So that took all of 2 minutes.

ToxicWomble

Shame the audi site doesn’t direct customers there

it it may be correct but they sure don’t make it obvious 

facade

Out of curiosity I had a look at the vwfs site and 

If you no longer wish to keep the vehicle at the end of the agreement term, you can return it to us. You will still need to pay all the monthly rentals and the option to purchase fee.

So it isn't an option to purchase fee, or you wouldn't have to pay it if you are not purchasing the car.

neilmcl

facade said:

Out of curiosity I had a look at the vwfs site and 

If you no longer wish to keep the vehicle at the end of the agreement term, you can return it to us. You will still need to pay all the monthly rentals and the option to purchase fee.

So it isn't an option to purchase fee, or you wouldn't have to pay it if you are not purchasing the car.

I think you misunderstand what the fee is. It's their to give you the option to purchase. If you chose not to purchase then fair enough but the option was there in any case. It's a nominal fee, my last one was £1 so not really something to be that bothered about.

facade

I've never had a car on PCP, sio I've no idea how much it is, my point was you shouldn't have to pay it if you aren't purchasing it, yet their terms say you do. 

As I understand it, the "option to purchase" made with the last payment of HP was some legalese to mean that you didn't own even a tiny bit of the car until it was paid for, so they could repossess on default.