Will it effect my credit rating if I don’t pick a car on PCP
Will it effect my credit rating if I don’t pick a car on PCP
Author
Discussion

wow400

Original Poster:

36 posts

301 months

Wednesday 1st April 2020
quotequote all
Have ordered a BMW on PCP which was meant to be delivered last week.
Obviously with everything going on, it’s been delayed and I’m now down 1/2 pay.
Being prudent, when things start to improve I might have to give the new car a miss (obviously losing the deposit) but can the finance company mess with my credit record in doing that?
TIA

Weezywee

530 posts

102 months

Wednesday 1st April 2020
quotequote all
No, you are not defaulting

HTP99

25,118 posts

169 months

Wednesday 1st April 2020
quotequote all
Weezywee said:
No, you are not defaulting
This

wow400

Original Poster:

36 posts

301 months

Wednesday 1st April 2020
quotequote all
Great stuff - looked through all the fine print of the agreements I’ve signed so far (all online) and couldn’t see any decent reference to that specifically!
Thanks again