I have been fishing around the web for an answer to a query I have regarding the voluntary termination of my Skoda YETI on a PCP deal (which has been a great car!). Due to it's specific nature I have been unsuccessful in finding the information so would be grateful for any advice I can find here.
I am 38 months into my 42 month agreement and have triggered the VT primarily because I am way over the mileage, am now outside of my service agreement and am just wanting something new.
I understand I will be liable for 50% of the finance but I am in a position where I have paid significantly over 50% yet on the other hand will be looking at a bill of £1224 for the excess mileage.
Where do I stand with regard to offsetting the total above the 50% and the excess mileage fee?
I am 38 months into my 42 month agreement and have triggered the VT primarily because I am way over the mileage, am now outside of my service agreement and am just wanting something new.
I understand I will be liable for 50% of the finance but I am in a position where I have paid significantly over 50% yet on the other hand will be looking at a bill of £1224 for the excess mileage.
Where do I stand with regard to offsetting the total above the 50% and the excess mileage fee?
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