Hi

I find myself in the very same position as yourself. My agreement is with Audi Finance & I was specific at the point of signing that the car could just be handed back, in fact the agreement actualy say's "Final optional payment" it now transpires that not paying the final payment isn't an option.

Did you manage to resolve your own issue? I would be intrigued to know.

Ian

I think the previous post was right in that it always pays to read the agreement. However if you are sure that it was a PCP you asked for you could make a complaint to the FLA ( Finance Lease Association) @ www.fla.org.uk Basically the Finance and Leasing Association is the industry body for the asset finance, consumer finance and motor finance sectors. There is a consumer complaints procedure and the FLA has been trying to help people understand the different types of finance available so they will investigate provided the dealer is a member.

Hope this helps.

Sorry to same this mate: You must read what you are signing, no matter how long it takes you!

Never rely on a statement, the contract will prevail!

Good Luck

Hi there,

I bought a car on finance approx. 2 years ago. When in the dealership I was clear with the salesman that I was opting out of a company car scheme and that I was working to a budget. I explained I wanted a car on finance that I could hand back after 3 years or buy another vehicle from them.

Now I am looking at changing the car, and have spoke with the finace company who have advised me that the agreement was lease purchase and that I cannot simply hand the car back but I will be liable for a balloon payment. When I signed the agreement the salesman told me that the final payment was the guaranteed value at the end of the agreement.

Do I have any comeback?

Appreciate any advice you can give.