Problems with Seat Ibiza on PCP
Discussion
Hi guys.
I traded in my Skoda Citigo at the end of 2016 on a Pcp as it was almost up and I got a decent offer on a Seat Ibiza. Fast forward 2 years and I am less than impressed with the car. The heating system is dreadful and the car mists up so much inside it never actually demists and has to be wiped down entirely every morning it’s colder than about 4 degrees. I would also like a slightly faster engine than the 1.0 74bhp as the mpg drops when you get on the dual carriageway which is about 70% of my driving now. I contacted my garage and took it in for a check and they said they couldn’t find anything. Problem persisted and they checked it when I had my service last week and said they couldn’t find anything again. I’ve tried absolutely every heater setting possible and nothing works when it mists up I have to pull over and wipe it with a cloth or t shirt.
I was contacted by my garage regarding a new car. I went to the garage only to be given appalling quotes due to my negative equity. An Ibiza SE tech (trim level up from mine) for an extra £75 a MONTH! Jog on.
I’m guessing I’m in negative equity as 2 years through a PCP contract. Unless I find a good lease deal I’d like to just go back to buying second hand and not having to pay for horrifically overpriced servicing. How do I go about ending the contract? Is there anyway I can get out before the 4 years is up? Is it worth trading the car in?
Please help! Thank you so much!
I traded in my Skoda Citigo at the end of 2016 on a Pcp as it was almost up and I got a decent offer on a Seat Ibiza. Fast forward 2 years and I am less than impressed with the car. The heating system is dreadful and the car mists up so much inside it never actually demists and has to be wiped down entirely every morning it’s colder than about 4 degrees. I would also like a slightly faster engine than the 1.0 74bhp as the mpg drops when you get on the dual carriageway which is about 70% of my driving now. I contacted my garage and took it in for a check and they said they couldn’t find anything. Problem persisted and they checked it when I had my service last week and said they couldn’t find anything again. I’ve tried absolutely every heater setting possible and nothing works when it mists up I have to pull over and wipe it with a cloth or t shirt.
I was contacted by my garage regarding a new car. I went to the garage only to be given appalling quotes due to my negative equity. An Ibiza SE tech (trim level up from mine) for an extra £75 a MONTH! Jog on.
I’m guessing I’m in negative equity as 2 years through a PCP contract. Unless I find a good lease deal I’d like to just go back to buying second hand and not having to pay for horrifically overpriced servicing. How do I go about ending the contract? Is there anyway I can get out before the 4 years is up? Is it worth trading the car in?
Please help! Thank you so much!
If you have paid back more than 50% of the deal/duration you can voluntarily end the contract early. Have a read: https://www.thecarexpert.co.uk/car-finance-volunta...
Given the issues you have had, being stuck in the wrong car etc. Perhaps you should take this a sign and have a break from PCP now?
Given the issues you have had, being stuck in the wrong car etc. Perhaps you should take this a sign and have a break from PCP now?
there's a guide here
https://www.thecarexpert.co.uk/car-finance-volunta...
if you decide to maybe look a cheap motor to save some money. a pcp is not always best option.
https://www.thecarexpert.co.uk/car-finance-volunta...
if you decide to maybe look a cheap motor to save some money. a pcp is not always best option.
I doubt you will be vt’ing the car any time soon.
You can vt when you are over the 50% total owed not 50% of payments. So for example, normally on a pcp this is engineered to occur within the last 6 months or so of the term (as on pcp you are borrowing the 36/48 payments and the final balloon).
If you are in negative equity it wouldn’t surprise me if you aren’t at vt stage at least until the very end.
You need to ring seat finance and get a settlement figure then compare that to what we buy any car will give you for the car. That will give you an idea of where you stand.
I think this is a hard lesson of actually looking into what you are signing up for rather than seeing a shiny thing and the monthly payments.
You can vt when you are over the 50% total owed not 50% of payments. So for example, normally on a pcp this is engineered to occur within the last 6 months or so of the term (as on pcp you are borrowing the 36/48 payments and the final balloon).
If you are in negative equity it wouldn’t surprise me if you aren’t at vt stage at least until the very end.
You need to ring seat finance and get a settlement figure then compare that to what we buy any car will give you for the car. That will give you an idea of where you stand.
I think this is a hard lesson of actually looking into what you are signing up for rather than seeing a shiny thing and the monthly payments.
Negative equity half way through a PCP is likely, unless you put in a big deposit. Then again, if you had borrowed money from a bank to finance a new car purchase over 5+ years and wanted to sell it after only 2, you’d be in a similar position.
New cars depreciate and you have to fund it.
New cars depreciate and you have to fund it.
Would be interested to hear of your outcome. I've had a similar situation with my car (not a Seat). Honestly the worst car ever. On PCP. Nearly finished now, but had so many problems with it and in hindsight I should have made official complaints long ago, instead of just moaning to the guy at the service centre.
t. I mean the demisting has always been sSteBrown91 said:
I doubt you will be vt’ing the car any time soon.
You can vt when you are over the 50% total owed not 50% of payments. So for example, normally on a pcp this is engineered to occur within the last 6 months or so of the term (as on pcp you are borrowing the 36/48 payments and the final balloon).
If you are in negative equity it wouldn’t surprise me if you aren’t at vt stage at least until the very end.
You need to ring seat finance and get a settlement figure then compare that to what we buy any car will give you for the car. That will give you an idea of where you stand.
I think this is a hard lesson of actually looking into what you are signing up for rather than seeing a shiny thing and the monthly payments.
I can VT it in October ! Will this affect my credit rating though as I’m getting a mortgage? You can vt when you are over the 50% total owed not 50% of payments. So for example, normally on a pcp this is engineered to occur within the last 6 months or so of the term (as on pcp you are borrowing the 36/48 payments and the final balloon).
If you are in negative equity it wouldn’t surprise me if you aren’t at vt stage at least until the very end.
You need to ring seat finance and get a settlement figure then compare that to what we buy any car will give you for the car. That will give you an idea of where you stand.
I think this is a hard lesson of actually looking into what you are signing up for rather than seeing a shiny thing and the monthly payments.
ritchieee said:
Would be interested to hear of your outcome. I've had a similar situation with my car (not a Seat). Honestly the worst car ever. On PCP. Nearly finished now, but had so many problems with it and in hindsight I should have made official complaints long ago, instead of just moaning to the guy at the service centre.
I have made a complaint because my first new car on a 2 year PCP was a Skoda citigo and it was perfect and I paid just £49 for my service whereas my seat service was £249 for what was essentially just an oil change and a couple of other bits, but needed to keep the warranty because of this heating issue. Kiraanastasiax said:
SteBrown91 said:
I doubt you will be vt’ing the car any time soon.
You can vt when you are over the 50% total owed not 50% of payments. So for example, normally on a pcp this is engineered to occur within the last 6 months or so of the term (as on pcp you are borrowing the 36/48 payments and the final balloon).
If you are in negative equity it wouldn’t surprise me if you aren’t at vt stage at least until the very end.
You need to ring seat finance and get a settlement figure then compare that to what we buy any car will give you for the car. That will give you an idea of where you stand.
I think this is a hard lesson of actually looking into what you are signing up for rather than seeing a shiny thing and the monthly payments.
I can VT it in October ! Will this affect my credit rating though as I’m getting a mortgage? You can vt when you are over the 50% total owed not 50% of payments. So for example, normally on a pcp this is engineered to occur within the last 6 months or so of the term (as on pcp you are borrowing the 36/48 payments and the final balloon).
If you are in negative equity it wouldn’t surprise me if you aren’t at vt stage at least until the very end.
You need to ring seat finance and get a settlement figure then compare that to what we buy any car will give you for the car. That will give you an idea of where you stand.
I think this is a hard lesson of actually looking into what you are signing up for rather than seeing a shiny thing and the monthly payments.
ounds to me like the car recirc damper is stuck and the car is not drawing in fresh poluted air from the M25 outside. Try driving the same journey with the window cracked open and see if that reduces the problem
If its any comfort there is some £40 Billion + owing on PCP's and if you hand back the car your just handing them a reduced price PX stock to churn the next punter, if you don't and opt to pay the inflated "future value" ballon payment the finance Co win's again. Sure it might look an attractive way to get a reliable car but there are a lot of other factors like excess mileage charge, servicing and any minor blemish not considered fair wear and tear to pay on top.
PCP's are a ticking time bomb especially with the UK heading for another recession and interest rates due to rise another 4 times over the next 2 years possibly due to inflation.
Small engine's get very thirsty at 70 mph but if it's returning 30 - 35 mpg your doing well
Good luck
If its any comfort there is some £40 Billion + owing on PCP's and if you hand back the car your just handing them a reduced price PX stock to churn the next punter, if you don't and opt to pay the inflated "future value" ballon payment the finance Co win's again. Sure it might look an attractive way to get a reliable car but there are a lot of other factors like excess mileage charge, servicing and any minor blemish not considered fair wear and tear to pay on top.
PCP's are a ticking time bomb especially with the UK heading for another recession and interest rates due to rise another 4 times over the next 2 years possibly due to inflation.
Small engine's get very thirsty at 70 mph but if it's returning 30 - 35 mpg your doing well
Good luck
Open your windows every now and again to reduce the humidity and switch off the recirculating air.
If it had got aircon then it should de-mist quickly as the aircon removed moisture from the air, hence the little wet patch under the car when you park.
Just drive with your window open for a bit, fresh air can be good.
If it had got aircon then it should de-mist quickly as the aircon removed moisture from the air, hence the little wet patch under the car when you park.
Just drive with your window open for a bit, fresh air can be good.
Edited by LarsG on Saturday 29th December 14:09
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