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VT with RCI Finance (Nissan)
Hi all
Newbie here, joined after reading up on PCP VT and have successfully used the template letter from this site (thank you!) to enact my VT.
No problem with the letter and had a call from RCI within 6 hrs of the letter being received, but I have been informed that I will be liable for excess mileage charges (approx. 11k of them - I changed jobs a year ago and now commute a lot further). The claim from RCI is that they have a signed document from me stating that I am aware of this. So, having looked through the initial agreements I signed when I ordered the car in 2015, I came across a 'Nissan Finance Customer Written Summary' that does indeed have the following (among numerous others) statement on it (which of course I had signed and dated):
"Where you have a PCP agreement, when the agreement ends (for whatever reason) you will be responsible for any excess mileage charges (as set out in the agreement) and damage not considered as fair wear and tear."
So, have Nissan Finance pulled a smart one here and have I managed to sign myself into a 'hole', as this agreement was in addition to the Formal Hire Purchase Agreement regulated by the Consumer Credit Act 1974 form that I also signed at the same time?
Grateful for any advice/thoughts as I think I might be looking at having to stump up on this one. If I do then so be it, the Nissan Finance team got one up on me!
Thank you
Rolo's Dad
Newbie here, joined after reading up on PCP VT and have successfully used the template letter from this site (thank you!) to enact my VT.
No problem with the letter and had a call from RCI within 6 hrs of the letter being received, but I have been informed that I will be liable for excess mileage charges (approx. 11k of them - I changed jobs a year ago and now commute a lot further). The claim from RCI is that they have a signed document from me stating that I am aware of this. So, having looked through the initial agreements I signed when I ordered the car in 2015, I came across a 'Nissan Finance Customer Written Summary' that does indeed have the following (among numerous others) statement on it (which of course I had signed and dated):
"Where you have a PCP agreement, when the agreement ends (for whatever reason) you will be responsible for any excess mileage charges (as set out in the agreement) and damage not considered as fair wear and tear."
So, have Nissan Finance pulled a smart one here and have I managed to sign myself into a 'hole', as this agreement was in addition to the Formal Hire Purchase Agreement regulated by the Consumer Credit Act 1974 form that I also signed at the same time?
Grateful for any advice/thoughts as I think I might be looking at having to stump up on this one. If I do then so be it, the Nissan Finance team got one up on me!
Thank you
Rolo's Dad
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