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Vwfs payment deferral - payments increase?

Due to no money coming in I have just looked at applying with VWFS for a 3 month payment deferral on my car which is currently £175 a month. 

When I fill the online form in it says -
‘By requesting a payment deferral your term and future payments will increase, and the guaranteed minimum future value of your vehicle may change.*’

im a bit concerned that im agreeing to something that I don’t know the results of yet. 
How much will my future payments increase by when I’m 14 months in and 24 months to go? 
I assume the term will increase by 3 months, but can the payments increase considerably? 

Comments

  • TrickyDicky101
    TrickyDicky101 Posts: 3,535 Forumite
    Part of the Furniture 1,000 Posts
    The additional interest payable as a result of not repaying these amounts for 3 months will increase your payments due (and ultimately there will be some interest-on-interest as a result of compounding).  The size of such an increase will depend on your interest rate (APR) and currently outstanding balance.  
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