PCP finance & contract mileage question?

[ritch]

a question for those in the know / use PCP;
If the contract mileage is 8K - what happens if you end up doing 10K? is it;
a) doesn't matter - you'll chop in in with equity before the 36 or 48month term is up?
b) doesn't matter as you intend to keep the car and pay the final payment at the end of the 36/40 month term?
c) pay excess mileage penalty (over 8k) as its not that much?
d) change from 8k to 10k contract?
e) it only matters if you intend to hand the car back early or at the end of contract?

The reason I ask? I did 8k last year, 12K the year before and not sure if I'll be doing 8k every year or maybe 10k

thanks!
R

[ritch]

thanks Daemon!

[ritch]

waterwonder said:

If you're morally bankrupt. I know it's there but that's not what it's for. Let's all get credit then wriggle out of our obligations.

but surely that would leave you significantly out of pocket? especially if you invested a decent deposit?