The most important thing in your situation is to be sure that you have settled down after six months. Many people have come into an agreement with a similar idea and, for either reason, have not settled early accounts as planned, so they end up paying a lot more when they end up settling down. Hello, Steven. There is a maximum deposit that you can pay in advance on a PCP, and it depends on the GMFV of the car, the lifespan and the amount you borrow. An Audi dealer can give you an accurate maximum for the car you are considering. Most financial companies have a minimum monthly payment of around £50/month, but it varies. If you`re overpaying, there`s a limit on what can be taken on the phone (and £3K seems pretty much right, though some may be lower). The financial company will likely insist on an electronic transfer for everything else. You should probably set up the PCP to suit you best before you start rather than trying to adjust it in the blink of an eye. Additional payments or mileage changes are best for changes in circumstances so you can keep some control over your finances instead of trying to minimize interest once the deal has begun. The financial company will always have its money from you, so there is little sense in playing the system. Hello, I am at the end of a 42-month pcp.
I`ll see if I can replace it with a new car. Since I removed the existing car, I have unfortunately accumulated a bad credit rating. There is nothing great, and all car payments, mortgages and cards, I have an exemplary registration for. Nevertheless, the evaluation is now considered a “bad” question, is the new PCP a brand new contractual agreement? or is it the way to conclude a new agreement with an old financial company without it carrying out a credit search? I have had no problem paying car payments in the last 42 months Repairs do not have to be done by the dealer, but they do have to use approved parts. You do not have to declare the compensation to the financial company, because they are only interested in the condition of the car. If it has been properly repaired, there should be no problem claiming the GMFV at the end of the agreement. Hello. I took a pcp with mercedes finances. The period was 4 years with an annual mileage of 10k with the advice of the seller who knew that my actual mileage would be higher. After three years, I did 125k. The deal gives you a penalty of 0.09p per mile on the annual 10k.
I had all the services done by the same Mercedes dealer, its condition is also very good with its mileage. Can I return the car without paying the fine? If not, what is my best way to proceed? Thank you Ian Maybe yes….
