Did you know ATS Euromaster are offering a free vehicle check over service? Found out today and they basically will do a 15 minute inspection on your car for free. Don't need to book, just drive in and they will look at your tyres, battery,exhaust, brakes etc....takes about 15 minutes At the end you get a written report. I guess they are ...

JJ I stand corrected and you are right as the GMFV will be taken into account. The wording in the Act is a bit ambiguous i.e. "total amount due" but I double checked with two sources who both concurred with what you have said. Apologies for the confusion.

I made a post in the other question about getting out of a PCP so the comment there still stands. If your PCP is a conditional sale agreement then when you have paid 50% of the total amount due you can send the vehicle back with no further payments to make as per the Voluntary Termination Clauses (section 99 and 100) under the Consumer Credit Act ...

Check whether your agreement is a conditional sale or a credit sale agreement. If it is conditional sale then under the VT clauses in the CCA (1974) if 50% of the total amount due has been paid you can send it back with no penalty. You should have an option to purchase clause for the balloon payment under a PCP agreement (i.e. to acquire the ...

The answer to your question is possibly if you are looking at contract hire leasing. The two major things affecting leasing companies at the moment are funding (can they get it and how much do they pay for it) and residual value forecasts (i.e. how much they think they will sell their vehicles for). These two cost drivers are pushing up contract ...

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 ...

One qualification to this summary is that you can still buy the vehicle at the end of a personal contract hire contract if the leasing company agrees to this. They should give you a purchase price to buy as the driver of the vehicle as all they are going to do is to take it to auction and sell it. They should therefore offer you a price to buy ...