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Hello,
Last week I posted a letter stating my voluntary termination of the PCP on my vehicle with PSA. For reference, my finance was due to end October 2020.
I have just been contacted by PSA Finance who have said their team will be sending me a letter with some details, but they mentioned some strange things on the phone.
The first, they stated that I should look at selling the car privately first. This struck me as strange as surely my account with them is now terminated?
Secondly, they said that there was gap insurance bundled in to the finance package and I would have to pay £571 to clear this because of the early cancellation. Is this correct?
Thank you for your help.
Last week I posted a letter stating my voluntary termination of the PCP on my vehicle with PSA. For reference, my finance was due to end October 2020.
I have just been contacted by PSA Finance who have said their team will be sending me a letter with some details, but they mentioned some strange things on the phone.
The first, they stated that I should look at selling the car privately first. This struck me as strange as surely my account with them is now terminated?
Secondly, they said that there was gap insurance bundled in to the finance package and I would have to pay £571 to clear this because of the early cancellation. Is this correct?
Thank you for your help.
