PCP finance & contract mileage question?

[daemon]

smashy said:

daemon said:

va1o said:

I'd argue that in reality E is true. The mileage limit only really comes into force if you hand the car back at the end of the contract. If you pay the balloon figure or sell it yourself to pay off then you shouldn't have any issues.

Agree with the above - don't bother changing anything now.

If you hand the car back early under your consumer rights, having paid 50% of the total amount payable under the agreement, then they cannot enforce the mileage charges.

Resurrecting an old thread as im on a 22k mileage allowance PCP currently doing 40k and looking at the angles.So for posters info
This Volountry Termination at 50% and walking away from your excess mileage just isnt true sadly,

Here the Finance company won and thus its an option im not going to risk

http://www.ombudsman-decisions.org.uk/viewPDF.aspx...

Thats an ombudsman opinion. It is not legally binding, as per the ombudsmans own comment at the end of the document

"However, he does not have to accept my findings and may pursue this matter by alternative means, such as court"