I am a driver and I have a BMW 730LD bought on a PCP and in April I am halfway through the PCP and my circumstances have changed, I also recovered VAT when I bought it. My dealer said in April that I could return the car to the dealership and end the deal, the car is in excellent condition and fewer miles than I decided. Do I have to pay VAT on the car if I returned it the way you would if you sold it, right? Hi, Hitman. The figure is fixed, because it is simply the amount of the loan, which is unpaid and needs to be settled. You can certainly try to make an offer to the financial company, but I`ve never heard it works! Hi Stuart, a really interesting article. I`ve wanted a Qashqai for years, so I`d like to get another one. I have a 14-month-old car in a 36-month contract. I have £2k equity on my existing car after billing and I want to take a new PCP at 6,000 miles a year over 48 months to keep monthly payments low, knowing I`m going to make over 14,000 miles a year. It`s very unlikely that I`ll return the car, so the 6,000 miles a year is important, in addition to doing GFV nonsense? Thank you very much.
I bought a car on financing, but I`m in three months and can`t afford to keep paying, is there a way to exchange it and get another cheaper car with lower payments? I have a brand new Toyota Yaris on finances, I put £3300 on bail and pay monthly payments for 3 years and in the end I can buy it for an extra £5000 (the total car is around £15,000). But I won`t be able to afford it, and I`d really like to own my car. I should have bought a £10,000 car that I could afford to buy and own myself. I don`t want to own my car right now, because it will take six years to pay it back, but when will I change. If you have a large count and want to pay monthly payments from £1 for 23 months, with the option to exchange, keep or partially return your car at the end of your contract. Hello, Stuart I tried to finish/set the PCP for my new car after four days of pickup from the dealership. When making contact with the financial company, I was told that there would be a fee of £150 for the “termination” of the agreement (within 15 days of reflection) or £443 in case of “liquidation” of the agreement. .