Shetlandtim

thanks Octo Where to I go to find out the truth ?

It was the Sales Manager who originally told me this. I have just spoken to Skoda Finance and asked them. I was told that the £3500 contribution was not connected to the PCP agreement but was something to be agreed with the dealer. Not sure what to do next

unfortunately the dealer couldn’t or wouldn’t give a copy of a contract until I was going to sign. I think I will have to speak to VW Finance

Thanks Surrey. I am concerned as to why a dealer told me he stopped offering these deals because so many people had told him they had to repay the contribution. The contribution is not part of the finance contract and as such the terms are not coveted by law. I may be being pedantic but I can’t risk losing the £3500. I think I will talk to VW Finance to see if I can get something in writing.

Thanks Octy. I wonder if the rules are different for credit agreement compared to a PCP. The deposit contribution from Skoda for a PCP is £3500 but I think it is less for a credit agreement.

Many thanks for the response. I am totally confused. I have spoken to two Skoda dealers today, one said I wouldn’t have to pay it back and one said I would. Not sure what I do from here. This makes a difference to whether I buy the car or not. I am wondering if to phone VW Finance.

Currently there is a £3500 deposit contribution offer from VW Skoda Finance if you take out a PCP. Am I right in thinking that if I were to take this offer but them settle the PCP then Skoda Finance would take back £3500 deposit contribution ?