Excess mileage on a PCP – what to do – Page 2 – Chat Forum

richardkennerley · 2018-09-24T22:15:19Z

OK, let's see if I can explain and ask this clearly! Our deal ends in March, we're at a point where we can voluntary terminate now. There's enough bodywork problems (few minor dents and all the edges of the doors are chipped) to mean there will be a charge and the car is not desirable as a part ex, but that's not the main problem. We're way over the excess mileage. In March, the limit is 24,000. Right now, pro rata, it's 15,500. We've done 24,000 already! The charge is 9p a mile. But looking at the small print if we go 30% above the limit, that portion will be charged at double the rate. So, do we get out asap because potentially right now every mile might cost 18p? Or do we wait til March by which time the pro rata amount will have caught us up somewhat (we don't do as many miles as we have been doing, but we still want to be able to get out and about without worrying!) At the time, the deal was fine but circumstances changed and we ended up doing way more driving than expected. It is what it is and we'll just have to suck it up, but I'm not sure what the best thing to do is!

bikebouy

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Really surprised they were not interested in a PX as they just punt it on via auction

Me too, then I got to thinking about the sales cycle and new reg releases.. perhaps all the sales guys have hit their targets..

Posted : 26/09/2018 1:42 pm

chestrockwell

Posts: 6808

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Even so you'd expect a low ball offer as it's free money for them.

Posted : 26/09/2018 1:50 pm

Rockhopper

Posts: 3834

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See what webuyanycar.com value it as as many dealers will use them to underwrite their trade in offer.

Posted : 26/09/2018 1:50 pm

richardkennerley

Posts: 3062

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Topic starter

I'm just surprised by the lack of effort. A few years ago I PCP'd a mini and the sales woman there was great. It was at the top end of what I wanted to spend and I was reluctant to spend more. But she kept tweaking g here and there, dropped the Apr, offered twice the advertised finance contribution, free servicing. She really wanted to get me in a mini!

This time all the sales peeps have just tapped a few figures into a finance calculator, gone "there you go" and that's it. Out of half a dozen garages visited, I've not had one call following up with me.

I must just come across as a time waster I guess!!

Posted : 26/09/2018 5:59 pm

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