Also, are you still trying to keep track of future refunds of £6118.12? But £6118.12 + £5931.18 + £1619.40 = £13,668.70, or £1806.34 more than the original contract amount? This is clearly wrong If you are a private borrower who finances your car through a manufacturer financing company, you usually have a PCP or HP. Therefore, you should have a right of voluntary termination to terminate your contract. If you`ve reached the end of a PCP and returned the car, I don`t see a problem with excess miles if you`ve only driven 6519 miles. As for the condition, it should be indicated in the agreement and they should have a timetable for reparation for the damage. The Guaranteed Minimum Future Value (GMFV) is in perfect condition, allowing you to charge for all repairs required by the contract. Hi, Samantha. You must assert your VT rights in writing, but you do not have to fill out their forms. If you don`t, it`s a breach of contract, which means the financial company doesn`t have to leave you the VT car. It also invalidates your GMFV at the end of the agreement. If you have a rental purchase, you need to check your contract and see what`s in it.
Any breach of contract means that the financial company can refuse a VT, so it depends on your circumstances. If you have an HP, you may be better off selling the car privately because you paid a fair share and it may be worth more than your outstanding financing. I`m getting half of my agreement (hp) if I make my next payment. I only check that after 30 months (out of 60) I am halfway from the point of view of a £, because it counts for VT. .