1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Handing PCP Car Back Early

Discussion in 'Motors' started by Dan103, 20 Mar 2018.

  1. -Ad-

    Capodecina

    Joined: 4 Nov 2004

    Posts: 13,910

    Location: Aberdeen

    Guys, remember that the BVRLA guidelines are used for lease vehicles and commercials and are very strict. Finance companies like to use them due to this strictness and ability to try to claw back extra money from you, even though the car is just fired off to an auction.

    The CCA only stipulates reasonable condition for a returning vehicle and also limits your liability at 50% of the total value of the car (inc interest). Finance companies could put clauses in your agreements about the car needing a full respray before return, or having it inspected to Papa Johns wear and tear guide, but the term 'reasonable' in the CCA trumps anything they might like to add into a PCP/HP agreement.

    Then even more importantly they like to reference your agreement, contract, end of contract charges etc. There is no contract or agreement as this is cancelled once you enforce VT, as entitled to do so, so they cannot refer back to clauses in an agreement that is cancelled.

    We'll see where this goes, I'll keep the thread updated.
     
  2. Liquidfox

    Mobster

    Joined: 26 Sep 2007

    Posts: 4,127

    Location: Newcastle

    Ah! I was wondering how people avoided paying the excess mileage fees etc. They're referring to mileage fees that you're no longer bound to!
     
  3. Thorpy

    Associate

    Joined: 5 Jun 2019

    Posts: 7

    Handing back my Range Rover after arranging VT. Land Rover finance said I should drop it off at British car auctions when Instructed. Or pay £75 to get it picked up. I will probably drop it off as it’s not too far away.

    The alloys are abit of a mess, showing up more as there black wheels. The wing mirror is also badly scratched after clipping a few van wing mirrors. £250 to get repaired from local garage.

    So the question is will the auction place appraise and check the vehicle when I hand it back? If not I will not get it repaired, if there’s a chance, I will get it sorted as I’m sure they will charge more than £250 worth of damage.
     
  4. Basher

    Sgarrista

    Joined: 18 Oct 2002

    Posts: 9,152

    When I dropped mine off (with scratched alloys - nothing major) - no one looked, I just drove in, left the keys under the sun vizor and left.
     
  5. xs2man

    Mobster

    Joined: 21 Jul 2008

    Posts: 4,868

    You had it lucky then.

    I had my wheels refurbished before getting the 530d picked up. BMW arranged the refurbish themselves. When it was picked up, the guy appraising it went over the car in such detail, that he noticed that they were refurbished because the were minute little bumps where the barrel met the spokes that could hardly be seen. I'm talking so small there was no way my camera was picking anything up. And I never noticed them before. They really were nothing, yet they were marked on the appraisal sheet regardless.

    I would be having it all fixed for piece of mind. Then you wont be half expecting some sort of bill. But only if you can ensure a quality job.
     
  6. Avalon

    Soldato

    Joined: 29 Dec 2002

    Posts: 6,769

    When you hand a car back, you take photo’s of it’s condition inside and out including the spare wheel, paperwork etc. and also video. You then make sure the receiving agent assesses the car in full, Motonovo for example are well known to try and bill owners after handback for additional repairs/items.
     
  7. Terminal_Boy

    Capodecina

    Joined: 13 Apr 2013

    Posts: 10,067

    Location: La France

    When I returned my Honda to the nearest IT Fleet Automotive depot, they made sure that I had all the requested documentation/items and took a detailed walk around video to document the condition of the vehicle. I took one myself to cover my arse as well.

    No appraisal or further check took place that I saw. Was there for 10 minutes tops. Honda contacted me later to confirm the vehicle was worth the value discussed when I first requested the VT.
     
  8. Malt_Vinegar

    Don

    Joined: 20 Oct 2002

    Posts: 16,037

    Location: In a house

    BCA should be impartial.
    There are usually guidelines about sizes of damage that need to be noted.
    I found the BCA guy very good when I VTed my car and they came to get it.
     
  9. mr tommo

    Soldato

    Joined: 13 Dec 2004

    Posts: 5,395

    Location: Stoke-on-Trent

    Sounds interested.... I'm still not quite at 50% yet but my mileage is wayyyyyyyy over the agreed pcp limit. Maybe around 30k over! (Change of jobs). Would VT get me out of those charges?

    I had actually planned to pay the balloon and just keep the car until it does as it's been perfect but would be good to know there's another option. 63 plate 520d M Sport with 112k on the clock :o
     
  10. Malt_Vinegar

    Don

    Joined: 20 Oct 2002

    Posts: 16,037

    Location: In a house

    It is contentious, but officially the VT means you can pay the 50% and return the car in a good state with "nothing else to pay" or words to that effect in the VT rights.

    In reality, they will chase you and I do not think there has been a test case to prove it either way.

    You could always offer a lesser amount if they chase you hard, and see if they will take it as a full and final settlement to close it off. It has been done by others.

    Just be careful, they may blacklist you from their finance products going forward (company specific).

    There is a lot of information out there on VT and it may have changed since when I did it on a Jag.
     
  11. xs2man

    Mobster

    Joined: 21 Jul 2008

    Posts: 4,868

    It has been taken to court. I think last year, or maybe early this year, Mercedes took someone from the Legal Beagles forum to court over excess mileage, and lost.

    In theory. Yes. You should be able to avoid the charges. In practice though, depending on who your finance is with, they will happily just ruin your credit record until YOU take THEM to court. They don't "chase you hard" as such. They just let it sit there and do nothing about it. So the onus is on you to sort it.
     
  12. Mercenary Keyboard Warrior

    Capodecina

    Joined: 4 Aug 2007

    Posts: 13,396

    Location: Wilds of suffolk

    Don't forget with PCP 50% includes the balloon, its not 50% of the normal payments, most deals this isn't far from the end of the term
     
  13. TNGL

    Mobster

    Joined: 2 Jul 2010

    Posts: 3,095

    This might be an obvious one but when billed for damage beyond 'normal' wear and tear, are they billing you for the cost of repair or are they billing you for the reduction in resale value (assuming the two are different)?
     
  14. jpaul

    Capodecina

    Joined: 1 Mar 2010

    Posts: 16,073

  15. Terminal_Boy

    Capodecina

    Joined: 13 Apr 2013

    Posts: 10,067

    Location: La France

    My understanding from returning my CRV under VT, is that I’d be billed for any excess wear or damage that reduced the value of the vehicle dropping below the expected value.
     
  16. Basher

    Sgarrista

    Joined: 18 Oct 2002

    Posts: 9,152

  17. xs2man

    Mobster

    Joined: 21 Jul 2008

    Posts: 4,868

    This is the proper post right here: https://legalbeagles.info/forums/fo...s-county-court-claim-mortimer-clarke-pls-help

    And here is the transcript of the court procedings: https://legalbeagles.info/forums/filedata/fetch?id=1471547

    Is that not enough to debunk the urban myth theory?
     
  18. Dangerous Dave

    Mobster

    Joined: 10 Oct 2006

    Posts: 3,406

  19. AiiR

    Mobster

    Joined: 19 Feb 2009

    Posts: 3,317

    I mean, you sign the paperwork with an agreed mileage limit.. 45k in 3 years on a 9k PA agreement is just silly.
     
  20. jpaul

    Capodecina

    Joined: 1 Mar 2010

    Posts: 16,073

    [
    reading it, it seems far from sure that in a subsequent court cases Mercedes, and others, would just need to provide evidence of poorer condition resulting from the addtional miles ? engineer report on suspension components, or drive train ? ... so, I don't think I'd bet on a similar outcome .... do cars really wear additional miles invisibly .. that's what the charge was for, after all

    ]