PCP financing

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Narked@50
Posts: 23
Joined: Thu Feb 25, 2021 3:39 pm

Post by Narked@50 »

What happens at the end of a PCP contract, If i decide to purchase a new car which wont be available for some weeks? Would the VW dealer take my existing Car and leave me without a car until the new one is available?

Folkramfer
Posts: 64
Joined: Sat Jan 02, 2021 4:23 pm

Post by Folkramfer »

monkeyhanger wrote: Sun May 02, 2021 12:56 pm
Folkramfer wrote: Sun May 02, 2021 11:53 am Thanks for all the replies. One more question
What's the best way to tell them that you're withdrawing from the finance agreement?
Their website says phone or write.
I'm looking for the quickest way that is most certain. I'm sure I've seen someone mention triggering this on their website but cant remember where or what.
Collect the car from the dealership with your finance in place, call VWFS within a day or 2 of collecting your car and say you want to withdraw from your finance agreement. They will provide a settlement figure.
I'll not be cancelling until into the second week and just want to make sure I get it done within the deadline. I've read of people being unable to get through on the phone.
monkeyhanger
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Joined: Sat Mar 20, 2021 1:33 pm

Post by monkeyhanger »

Folkramfer wrote: Sun May 02, 2021 4:04 pm
monkeyhanger wrote: Sun May 02, 2021 12:56 pm
Folkramfer wrote: Sun May 02, 2021 11:53 am Thanks for all the replies. One more question
What's the best way to tell them that you're withdrawing from the finance agreement?
Their website says phone or write.
I'm looking for the quickest way that is most certain. I'm sure I've seen someone mention triggering this on their website but cant remember where or what.
Collect the car from the dealership with your finance in place, call VWFS within a day or 2 of collecting your car and say you want to withdraw from your finance agreement. They will provide a settlement figure.
I'll not be cancelling until into the second week and just want to make sure I get it done within the deadline. I've read of people being unable to get through on the phone.
Why do you need to wait until second week? As soon as you make that withdrawal call, the daily interest stops and you have a month to pay up. Leave it to the second week and you'll be paying daily interest (which still won't be a lot).

Last time I did it, it took occasional tries over 2 days until I finally got through, so yes, you can sometimes wait a while to get through. I wouldn't want to leave it until day 13 and be sweating that you can't get through on day 14.
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Folkramfer
Posts: 64
Joined: Sat Jan 02, 2021 4:23 pm

Post by Folkramfer »

Thanks. But can't do it through website?
monkeyhanger
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Post by monkeyhanger »

I don't believe so. By post or over the phone.
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Folkramfer
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Post by Folkramfer »

👍
digital
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Joined: Sun Dec 13, 2020 12:07 am

Post by digital »

Folkramfer wrote: Sun May 02, 2021 8:40 pm Thanks. But can't do it through website?
We did it through the website last December.
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Folkramfer
Posts: 64
Joined: Sat Jan 02, 2021 4:23 pm

Post by Folkramfer »

digital wrote: Mon May 03, 2021 9:28 am
Folkramfer wrote: Sun May 02, 2021 8:40 pm Thanks. But can't do it through website?
We did it through the website last December.
That would be VWFS website. Haven't found where to do this yet. Been in my account etc.
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