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Today i posted my VT termination letter for my current PCP agreement to Audi Finance...
Current situation is that for some time the car has been in negative equity and I have had multiple conversations with my local dealership to find potential options, At this point I should highlight that the car is in excess mileage by about 28,000 miles. This is due to taking the car when I was on maternity with no intention to go back to work, but went back and then in 2019 I took a new job because my company were starting a redundancy programme, which unfortunately required greater travel. I had a conversation with Audi at my service last year and they pretty much told me I would have to see the contract out and pay what would be crazy excess mileage charges if I was to see the contract to the end (1 more year at an average of 2000 miles a month ). The result of this would be pretty extreme and in my opinion render the car devalued to such an extent that it really would be worthless to them. At this point and considering how well kept it is for its age, its probably still of some worth to them, no?
Thankfully we are now at the point in which we can VT so have taken that as our only option but I am well aware that Audi are going to want to be reimbursed for that mileage, its high but by no means intentional or misrepresented.
Does anyone have any experience dealing specifically with VW/Audi Finance in relation to VT and have any tips to handle these guys specifically? Also, I appreciate I have run up a lot of miles so i wandered if anyone could provide thoughts on whether I could make a counter offer if they do push for the mileage? Not sure of the best way to play this at all.
Thanks in anticipation
Current situation is that for some time the car has been in negative equity and I have had multiple conversations with my local dealership to find potential options, At this point I should highlight that the car is in excess mileage by about 28,000 miles. This is due to taking the car when I was on maternity with no intention to go back to work, but went back and then in 2019 I took a new job because my company were starting a redundancy programme, which unfortunately required greater travel. I had a conversation with Audi at my service last year and they pretty much told me I would have to see the contract out and pay what would be crazy excess mileage charges if I was to see the contract to the end (1 more year at an average of 2000 miles a month ). The result of this would be pretty extreme and in my opinion render the car devalued to such an extent that it really would be worthless to them. At this point and considering how well kept it is for its age, its probably still of some worth to them, no?
Thankfully we are now at the point in which we can VT so have taken that as our only option but I am well aware that Audi are going to want to be reimbursed for that mileage, its high but by no means intentional or misrepresented.
Does anyone have any experience dealing specifically with VW/Audi Finance in relation to VT and have any tips to handle these guys specifically? Also, I appreciate I have run up a lot of miles so i wandered if anyone could provide thoughts on whether I could make a counter offer if they do push for the mileage? Not sure of the best way to play this at all.
Thanks in anticipation
