[matt@stratford]

Hi,

I'm 2 years and 2 months in to a 4 year PCP. without searching and waiting for BMWFS (who just dropped my call) can I VT my car now?

I'm due to collect my new car next week so leaving it a bit late but if I can VT the dealer should be able to re-jig the figures?

Thanks
Matt

[Sasquartch]

Impossible to say without figures but unlikely unless you put down a big deposit.
Broadly speaking you need to have paid over 50% of the total payments, your paperwork should also say I think

[Rukka]

Originally Posted by matt@stratford

Hi,

I'm 2 years and 2 months in to a 4 year PCP. without searching and waiting for BMWFS (who just dropped my call) can I VT my car now?

I'm due to collect my new car next week so leaving it a bit late but if I can VT the dealer should be able to re-jig the figures?

Thanks
Matt

In short - no.

Unless of course you put a massive deposit down on it?


Generally, the VT point is around month 37/38

[42law]

Why not part ex or sell privately? Out of all options on a PCP surely VT has to be the last resort??

[matt@stratford]

Thanks for the replies.

I'm currently part-ex-ing but as i'm in neg eq. I was looking at other options. Won't sell private as the dealer has already given more than trade in

[SkyJawa]

I put a big deposit on mine and VT was still quite some time after you are currently at.

[Torque of the Devil]

Doesn't VT shaft your credit rating ?

[matt@stratford]

Originally Posted by Vanguard

Doesn't VT shaft your credit rating ?

Nope.

[TouringPleb]

I've just done a VT (in fact they took my old car away about 2 hrs ago!) and I did it at month 34 of 48. Had to pay £148 early termination fee.

[TouringPleb]

I've just done a VT (in fact they took my old car away about 2 hrs ago!) and I did it at month 34 of 48. Had to pay £148 early termination fee.

[DB118D]

VT is available after you've paid half the total due including interest.

With HP this is half your payments. With PCP, the GFV skews things meaning the VT point comes later