Vwfs Ending Agreement Early
Just contact your Account Manager or contact us at email@example.com and we will work with you to find your most suitable vehicles for your growing fleet. Once the early termination documents have been received, we will ensure that your vehicle is inspected and recovered. It is now very unlikely that you will ever be able to stop a PCP prematurely and be in a position where your car is worth more than you need. There will be exceptions, but as a general rule, you should always consider that you will be in a negative equity position. My question, do I not understand what voluntary termination is, my contract says I have to pay about 13,000 dollars before I do it, but I just want to make sure it`s different to use the garage and exchange my car for a cheaper car, or go to another garage and buy a cheaper car because the new dealer would pay the mb financing, wouldn`t it be a voluntary termination? Your contract can be renewed for six or twelve months for this type of renewal. If you want to apply for an informal extension, you can call 0330 100 8908 or email VGLSalesSupport@vwfs.co.uk If you pay the contract after three months, you pay an early billing fee, but this will be much lower than the interest you save (you only pay three months of interest instead of three years). I`m thinking of buying a car on PCP and I`ve read all the threads above. I plan to pay him about 6 months for a three-year term. I am puzzled in the answers when you say, “If you drop off your PCP early, you will be charged for excess kilometres on a pro-rate basis.” I thought the purpose of the mileage limit was that it was used in determining the GMFV, because it affects depreciation. Then, based on the difference between the GMFV and the initial sum (catalogue price – interest), monthly repayments are calculated – that is, the higher mileage simply moves the balance between the amount of your monthly repayments (i.e. depreciation) and the final value of the car.
If you pay all the lot to clear the funding, then I don`t see how mileage makes a difference, since you actually pay all the refunds – the GMFV all in one go (with I think maybe a reduction in interest). Thanks to Rob Hi Stuart, I currently have an Audi S3 on a 4-year pcp contract.