Mileage discrepancy

molerat

RHSum23 said:

molerat said:

So it is on HP / PCP finance where you have the right to VT at the 50% total paid point.  Where are you in regard to the payments ?

7 months away from the half way point. We are worried that if we do a VT maybe the revised value of the car will come back to bite us.

Time is irrelevant, it is half the total amount of the credit agreement that is the VT point.  As long as the car is in good condition and you have not exceeded the agreed mileage the actual mileage is not relevant.  Any argument over actual mileage and poor condition for odometer mileage is one for another day.

Grumpy_chap

Just to clarify, it is HP, not PCP so there is no balloon payment.

The car was purchased in October 2018 and in 7 months' time the OP will reach 50%.  For HP, that means the original finance term was around 5 years?

RHSum23

Grumpy_chap said:

Just to clarify, it is HP, not PCP so there is no balloon payment.

The car was purchased in October 2018 and in 7 months' time the OP will reach 50%.  For HP, that means the original finance term was around 5 years?

Yes 5 years

Grumpy_chap

So, can you set out:
Deposit paid
Monthly payments (x60)
Final payment to own the vehicle

Out of interest, why were you thinking of changing the vehicle even though only half way into the agreement?

RHSum23

Grumpy_chap said:

So, can you set out:
Deposit paid
Monthly payments (x60)
Final payment to own the vehicle

Out of interest, why were you thinking of changing the vehicle even though only half way into the agreement?

Just due to a change in circumstances. Both now working from home so no longer need 2 cars.

macman

What was this car being used for before it was clocked?Just under 98K miles put on in just over the first 6 months? Used 5 days a week, that's over 750 miles per day! A rep driving 10 hours a day at 75mph doesn't have much time left to fit in many appointments...
I'd agree with the above post that the wear and tear on a car that had done 150K compared to one that had done 30K should be obvious, in terms of the seats, pedals, steering wheel, front end paintwork etc?

Jfk1988

macman said:

What was this car being used for before it was clocked?Just under 98K miles put on in just over the first 6 months?

It's May 15 to December 16, so 18 months not 6. Still quite high though! 

facade

macman said:

What was this car being used for before it was clocked?Just under 98K miles put on in just over the first 6 months? Used 5 days a week, that's over 750 miles per day! A rep driving 10 hours a day at 75mph doesn't have much time left to fit in many appointments...
I'd agree with the above post that the wear and tear on a car that had done 150K compared to one that had done 30K should be obvious, in terms of the seats, pedals, steering wheel, front end paintwork etc?

A new steering wheel, a set of pedal rubbers and a visit from chips away would be a lot less than the increased value from losing 120,000 miles

ontheroad1970

I'd be surprised if a major retailer would clock a car as clearly as that.  Perhaps it had an ECU replacement or dash replacement just before being auctioned, and there was an error in the input of the mileage.

RHSum23

This is the dealer’s HPI check. They said this is ‘clear’ but it looks like a partial check to me. Ive cropped it so it doesn’t show the car’s details. Any thoughts please? Did they check the mileage history?