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Hello,
BACKGROUND
I have PCP with Nissan Finance (through RCI) and have opted to VT my agreement having now passed the 50% threshold. We are migrating overseas in the near future so don't have time to do anything else and trouble is, the settlement figure is much higher than current market value. The trouble is I am now scared to death about the costs I may incur having done some digging around on the internet.
I signed and returned their VT form, which they have now accepted on 26th April, and vehicle has been booked in for collection on 15th May. I have now read it may have been a mistake to sign their form! Does this really reduce my rights so dramatically? The bit I am concerned about states "I agree that I will settle any charges for collection of the vehicle (where this option has been ticked below), damage, missing items and/or excess mileage as invoiced by you."
The extra mileage is high - around £700 in extra costs. 27 months rentals in total, annual allowance of 15k, actual done 43k. I'm ok with this as I have budgeted and claimed mileage allowance through my role which offsets this somewhat. My thoughts are that I signed up to this when I bought the car... so not concerned about disputing it.
QUESTIONS
1. The things I am worried about is their criticism of the condition. They have told me it will be inspected with reference to the BVRLA standard. Would they consider the mileage of the car and reasonable fair wear and tear? Surely if I am paying the extra mileage costs they need to base it on the mileage it has actually done and NOT the mileage I was supposed to do? In my opinion the car is in good condition for mileage and age, but BVRLA standard seems quite stringent!
2. I have a stone chip on the windscreen of approx. 5mm which is in middle of steering wheel, but about 5cm from the bottom of the windscreen. Is this still classed as drivers line of sight? It was repaired by the dealership when it happened and it hasn't got bigger since, although it is still visible. Do you recommend I get the windscreen replaced first?
3. Can I still drive the vehicle now it's been terminated? I had to issue the mileage on the form. They told me on the phone I could still drive the car, but my husband needs to drive 600 miles to Norwich and back this week for work! As we are emigrating we don't have use of any other vehicle.
4. If I do get billed for repair costs which I want to dispute, how can I do this if I have left the country?
I am perhaps too trusting and have gone into this feeling warm and fuzzy, but now I feel anxious that I am going to get hammered on repair costs which I'll just have to pay because I am about to migrate!
I handed a BMW car back to RCI in 2009 under the same circumstances and this proved trouble free, so is it too much to expect the experience to be the same this time round?
Thanks
Dawn
BACKGROUND
I have PCP with Nissan Finance (through RCI) and have opted to VT my agreement having now passed the 50% threshold. We are migrating overseas in the near future so don't have time to do anything else and trouble is, the settlement figure is much higher than current market value. The trouble is I am now scared to death about the costs I may incur having done some digging around on the internet.
I signed and returned their VT form, which they have now accepted on 26th April, and vehicle has been booked in for collection on 15th May. I have now read it may have been a mistake to sign their form! Does this really reduce my rights so dramatically? The bit I am concerned about states "I agree that I will settle any charges for collection of the vehicle (where this option has been ticked below), damage, missing items and/or excess mileage as invoiced by you."
The extra mileage is high - around £700 in extra costs. 27 months rentals in total, annual allowance of 15k, actual done 43k. I'm ok with this as I have budgeted and claimed mileage allowance through my role which offsets this somewhat. My thoughts are that I signed up to this when I bought the car... so not concerned about disputing it.
QUESTIONS
1. The things I am worried about is their criticism of the condition. They have told me it will be inspected with reference to the BVRLA standard. Would they consider the mileage of the car and reasonable fair wear and tear? Surely if I am paying the extra mileage costs they need to base it on the mileage it has actually done and NOT the mileage I was supposed to do? In my opinion the car is in good condition for mileage and age, but BVRLA standard seems quite stringent!
2. I have a stone chip on the windscreen of approx. 5mm which is in middle of steering wheel, but about 5cm from the bottom of the windscreen. Is this still classed as drivers line of sight? It was repaired by the dealership when it happened and it hasn't got bigger since, although it is still visible. Do you recommend I get the windscreen replaced first?
3. Can I still drive the vehicle now it's been terminated? I had to issue the mileage on the form. They told me on the phone I could still drive the car, but my husband needs to drive 600 miles to Norwich and back this week for work! As we are emigrating we don't have use of any other vehicle.
4. If I do get billed for repair costs which I want to dispute, how can I do this if I have left the country?
I am perhaps too trusting and have gone into this feeling warm and fuzzy, but now I feel anxious that I am going to get hammered on repair costs which I'll just have to pay because I am about to migrate!
I handed a BMW car back to RCI in 2009 under the same circumstances and this proved trouble free, so is it too much to expect the experience to be the same this time round?
Thanks
Dawn
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