When bought on PCP, when you come to sell your car, you'll have been the only driver yet it will have had two owners. What they actually print and what everyone actually wants to know, is how many keepers the car has had. So when you initilly take out a PCP, although the owner is Toyota Financial Services, the V5c is already in your name.īoring fact of the day warning: Next time you look at used car adverts and someone tells you how many previous owners the car has had, if that's what's displayed then the number isn't worth the paper it's written on. What I failed to appreciate was a V5c does not indicate the owner of the vehicle, it only tells you who the registered keeper is. You mention the V5 and that's something that used to confuse the hell out of me when I first started looking in to this method of buying a car. The only additional cost with them is an administration fee, but that's only around £20-£30. I've still to take delivery of the Toyota but with any other PCP agreement I've taken what happens is you contact the finance company ( with VW financial services you don't have to speak to anyone as it can be done via your online account ) and as soon as you indicate your wish to settle, you have 4weeks to transfer the balance to their account without any interest. Mojo1010 is absoultely correct in what he says. If I buy a new Toyota through Carwow or other broker and go with what’s deal they have to get the best price on pcp and then any time after I can settle, pay in full and get v5 on my name? Is that correct? Check drivethedeal, they had a better price than carwow on my remembered someone said I will cause someone a big financial mistake because they say the contribution will be claw back if settling the finance? I'm looking to settle a day after receiving the car, so one day of interest to pay. Interest are calculated daily, so sooner settle then less to pay. It's the same, they are just brokers, the main terms are with the manufacturer. Here for example a Corolla design hatchback I am looking at, will I keep the Toyota deposit contribution £2500 if I settle earlier ? Can anyone done this exactly help me what would be the exact amount to pay for early settlement and take the car as fully mine so I no need to worry about paying anyone from the pcp and no mileage restrictions? If I buy a new Toyota through Carwow or other broker and go with what’s deal they have to get the best price on pcp and then any time after I can settle, pay in full and get v5 on my name? Is that correct? And do you know how much it’s the early settlement charge % or set amount?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |