VWFS PCP on a Q7 - keep going 'til the end or VT now?
Discussion
R.Sole said:
roadsmash said:
R.Sole said:
Tell that to the OP.
The OP hasn’t once stated he can’t afford the payments. roadsmash said:
R.Sole said:
roadsmash said:
R.Sole said:
Tell that to the OP.
The OP hasn’t once stated he can’t afford the payments. 
Hello chaps, looks like you've been having fun here!
Yes I can afford it but I just fancy doing something different with the cash. The car is complete overkill for what I use it for (school runs and a once a week 150 mile trip to see a client). So I'm going to get something a bit more sensible.
Car has about 12K of options on it, 22" wheels, black pack, virtual cockpit, loads of toys etc (the spec list is as long as my arm), so it's not an "ordinary" Q7, hence the 70K pricetag, also have to add interest into that for the finance.
I see lots of debate about the VT rights. I've got the finance agreement here, it says this:
"The total amount payable (comprising the advance payment, amount of credit, acceptance fee, interest and option to purchase fee) is £74,880.19"
Then there's some blurb about the advance payment (that's my large deposit), then it goes on to outline the monthly payments and the term and the specifies the balloon payment at the end of the 3 years, which is £30,542.25.
Now we have the termination section:
"You have a right to end this agreement. To do so, you should write to the person you make the payments to. They will then be entitled to the return of the goods and to half the total amount payable under this agreement, that is £37,440.10. If you have already paid at least this amount plus any overdue instalments and have taken reasonable care of the goods, you will not have to pay any more."
So 74,880.19 / 2 = 37,440.10 - so they are doing a very simple calculation, the VT point is 50% of the total amount payable.
I'll see if I can upload a pic then you can see what sort of beast we are talking about here...
Yes I can afford it but I just fancy doing something different with the cash. The car is complete overkill for what I use it for (school runs and a once a week 150 mile trip to see a client). So I'm going to get something a bit more sensible.
Car has about 12K of options on it, 22" wheels, black pack, virtual cockpit, loads of toys etc (the spec list is as long as my arm), so it's not an "ordinary" Q7, hence the 70K pricetag, also have to add interest into that for the finance.
I see lots of debate about the VT rights. I've got the finance agreement here, it says this:
"The total amount payable (comprising the advance payment, amount of credit, acceptance fee, interest and option to purchase fee) is £74,880.19"
Then there's some blurb about the advance payment (that's my large deposit), then it goes on to outline the monthly payments and the term and the specifies the balloon payment at the end of the 3 years, which is £30,542.25.
Now we have the termination section:
"You have a right to end this agreement. To do so, you should write to the person you make the payments to. They will then be entitled to the return of the goods and to half the total amount payable under this agreement, that is £37,440.10. If you have already paid at least this amount plus any overdue instalments and have taken reasonable care of the goods, you will not have to pay any more."
So 74,880.19 / 2 = 37,440.10 - so they are doing a very simple calculation, the VT point is 50% of the total amount payable.
I'll see if I can upload a pic then you can see what sort of beast we are talking about here...
ChocolateFrog said:
liner33 said:
Cara are expensive - shocker . This has nothing to do with the way the car is financed
No doubt, I'm just a bit out of date. I guess the days of getting 20k off the OTR price of large and expensive cars are gone. In my head £1000-£1500 a month gets you a lot more than a Q7 but obviously not.
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