Mileage and PCP cancelation

[TaylorNorman]

HI Guys

I recently decided to cancel my PCP as I was approaching the 50% mark and have bought a new car, I rang Toyota financial who in there defence were informative and happy to send me a cancelation letter.

I received the letter today, It states on the front if I sign I will be cancel my PCP and paying the upfront cost to bring it to 50% does that sound ok?

Also I am worried about excess charges due to mileage I believe I am over by around 6000 miles is there a law in place in which I can defend myself when they charge me?
Also I have scratched on 2 alloys do you reckon these will be pricey excess charges?

thanks again

Taylor

[Kati]

Re: Mileage and PCP cancelation

[MENTION=71570]R0b[/MENTION] should be able to advise (I've tagged him ) xx

[R0b]

Re: Mileage and PCP cancelation

thanks @Kati

Hi Taylor,

You will not be charged for the excess mileage and the scratched alloys are a subjective one but usually if they are minor then that should be fine. If they are deep cuts and scratches then you may have a problem but could still be disputed as the vehicle only needs to be in a reasonable condition. Scratched alloys alone does not make the vehicle unreasonable condition but could form part of it as a whole.

Take a look at this thread here for further information and answers to your questions A Guide To Voluntary Termination