Voluntay Termination - PCP 57% paid

Jojo1313

Hi all
I have only 8 payments left on my car which is on PCP, I have paid 57%.

Can I hand the car back and if so do I have to pay anything?

Thanks 

Grumpy_chap

Jojo1313 said:

Hi all
I have only 8 payments left on my car which is on PCP, I have paid 57%.

Can I hand the car back and if so do I have to pay anything?

Thanks 

If that is 57% of the total including all interest and charges (including the balloon), then VT should be a option.

Are there any faults with the car?

Why do you wish to end the agreement 8 months ahead of schedule?

Have you checked what the current settlement figure is and whether you can beat that by selling the car elsewhere?  It may give you a more advantageous option than VT.

Ectophile

You may have to pay excess mileage charges, and you may have to pay for any damage beyond tiny scratches.

Otherwise, if you have paid more than 50% of the total amount payable, then you can voluntary terminate at no cost.