Hi,

I have read what I can find about this topic, but I'm still not clear.

 

If I want finish my Solutions deal early (e.g. 6 months) and return that Skoda, with my ideal scenario being that I then buy a new Skoda from the same dealer, but under the Skoda loan scheme rather than Solutions, am I going to have to pay a lot specifically for the early termination?

 

Thanks in advance...

You need to ask for yor settlement figure and know for certain if you have any equity in the car to pay this figure (or use for the next one).

So what will whether or not I have any equity be based on?

The value of the car v outstanding amount on your agreement. Phone VW finance for the settlement figure and get a valuation for your car (trade in, private sale, we buy any car, what similar cars are priced a to auto trader etc.).

With 6 months left you will probs be brake even or have a small amount of equity in the car.

Ether way you just part exchange your car for a new one (or a not very old second hand one) it is the best way to avoid the inspection at the end of your PCP.

Good luck.