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Good Morning
Could you please clarify the following for me.
I have a what I consider a standard PCP agreement form for my vehicle. The option to VT states an amount of half of the cash price of the goods is due if VT is used.
The cash price includes a deposit which I paid on collection which has obviously reduced the amount financed. EG Total cost £20000 less deposit of £3000 = £17000
to be financed. The finance company say that I would need to pay £10000 in order to VT, but I feel that the amount should be £8500, half of the finance, am I correct.
Thank you., I look forward to you reply
Could you please clarify the following for me.
I have a what I consider a standard PCP agreement form for my vehicle. The option to VT states an amount of half of the cash price of the goods is due if VT is used.
The cash price includes a deposit which I paid on collection which has obviously reduced the amount financed. EG Total cost £20000 less deposit of £3000 = £17000
to be financed. The finance company say that I would need to pay £10000 in order to VT, but I feel that the amount should be £8500, half of the finance, am I correct.
Thank you., I look forward to you reply
