Voluntry Termination

[Strawberry21]

Hello,

I have a Volkswagen polo on PCP with VWFS which i took out new May 2015 with a contracted mileage of 8,000 p/a over 4 years.

I am planning on VT'ing the vehicle in September which is when i will have paid 50% as confirmed by VWFS when i called them in October 2017.

I am currently at approximately 32,000 and will likely be between 37 & 38,000 miles by September when I am contracted in total to 32,000 over the 4 years.

Please could you advise where I stand with excess mileage and whether they can make me pay? When i called in October to find out how much more i needed to pay before I could VT they did not mention that I will have to pay excess mileage if i am over and the fair wear and tear guide on the vwfs website does not suggest this either.

I have not done a major amount more either year averaging just over 2,000 extra miles a year (i think)

I have read that they cannot enforce this and the is in good condition and has been serviced, mot'd as per the service schedule.

Thanks!

Kat

[Rebz]

If it is in the Credit Agreement (HP) then you are liable and they can enforce it, it should state the excess mileage charge in the Agreement so you can calculate the liability (add vat).

Whether or not they will pursue you for it is down to the creditor (but they are a business, why wouldn't they)