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PCP - Settling Early, not your usual question

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  • Rudy hell it’s not often something works out like that eh! So it is indeed £3,800 to own the car! Cheers chaps you’ve made my day. Will get the wife to give Alphera ANOTHER call just to confirm once she’s back from London (Girlie weekend) and I’ll send them some money
  • facade
    facade Posts: 7,601 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you pay them £3708.81 now, then after 1st Oct when your final £99 payment goes out they will send you a letter confirming that they have no financial interest in the vehicle, and you are good to sell it to WBAC- take the letter with you but they should be able to confirm the finance is clear without it.
    I want to go back to The Olden Days, when every single thing that I can think of was better.....

    (except air quality and Medical Science ;))
  • bazzyb
    bazzyb Posts: 1,586 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    facade said:
    If you pay them £3708.81 now, then after 1st Oct when your final £99 payment goes out they will send you a letter confirming that they have no financial interest in the vehicle, and you are good to sell it to WBAC- take the letter with you but they should be able to confirm the finance is clear without it.
    Or take it to WBAC beforehand, they will pay the settlement figure directly to Alphera and give OP the remainder of the balance. 
  • bazzyb said:
    facade said:
    If you pay them £3708.81 now, then after 1st Oct when your final £99 payment goes out they will send you a letter confirming that they have no financial interest in the vehicle, and you are good to sell it to WBAC- take the letter with you but they should be able to confirm the finance is clear without it.
    Or take it to WBAC beforehand, they will pay the settlement figure directly to Alphera and give OP the remainder of the balance. 
    That would be preferable but it says they won’t settle finance on their website. 
  • Grumpy_chap
    Grumpy_chap Posts: 18,287 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Orta117 said:
    bazzyb said:
    facade said:
    If you pay them £3708.81 now, then after 1st Oct when your final £99 payment goes out they will send you a letter confirming that they have no financial interest in the vehicle, and you are good to sell it to WBAC- take the letter with you but they should be able to confirm the finance is clear without it.
    Or take it to WBAC beforehand, they will pay the settlement figure directly to Alphera and give OP the remainder of the balance. 
    That would be preferable but it says they won’t settle finance on their website. 
    Where does it say that?
    The FAQ's say:
    "We can arrange settlement of any outstanding finance on your car."
    https://www.webuyanycar.com/frequently-asked-questions/#whatcarswebuy
  • Scrapit
    Scrapit Posts: 2,304 Forumite
    1,000 Posts Second Anniversary Name Dropper Combo Breaker
    Orta117 said:
    bazzyb said:
    facade said:
    If you pay them £3708.81 now, then after 1st Oct when your final £99 payment goes out they will send you a letter confirming that they have no financial interest in the vehicle, and you are good to sell it to WBAC- take the letter with you but they should be able to confirm the finance is clear without it.
    Or take it to WBAC beforehand, they will pay the settlement figure directly to Alphera and give OP the remainder of the balance. 
    That would be preferable but it says they won’t settle finance on their website. 
    They even say they ll pay it off in their ads now.
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