From initial talks with my dealer, it looks like my Focus ST will be delivered in 14-16 weeks so I'm guessing November time.

 

To voluntarily terminate my PCP, I need to have paid £12,175 off of my agreement.  Which, by November, I'm going to be about £100 short of.

 

No big deal I guess, I can transfer the deficit into VWFS account after I've informed of them of my intentions.

 

So does anyone know what happens?  I assume they send someone to inspect the car and then arrange to remove it?  Or do I have to take it to a dealer?

 

What is classed as "wear and tear"?  I'm not aware of anything like stone chips on the bonnet but there is a small bit of damage to one of the wheels (thank you wife) but it's something I could probably get sorted by a "dingmaestro" type of outfit.......is it worthwhile?

 

Thanks in advance for any advice.

https://issuu.com/bfwsn67/docs/car_fwt_standard_2016?e=2001091/34033703

 

These should give you an idea of what is "fair wear and tear"

I've arranged to VT my PCP deal with the dealer who is providing my new Octy on a PCH. The Finance guru there  says the VT process will all be done on the day I collect the new one (which will have been registered beforehand), and I'll be able to drive away leaving the "old" one with them who will arrange the inspection / collection of it. 

When I visited them a couple of weeks ago , they had 3 stored & awaiting inspection / collection. Providing there are no dings and dents I am assured the "wear & tear" policy inspector is happy, as stone chips etc, are perfectly acceptable on a 3 year old car.

I will ensure however, that the dealership examine my old one with me, to confirm it's condition before I leave it behind - I'll even take photo's (dated) to prove it's condition !

JKW

I have scanned the copy of the letter Skoda Finance send out when you request a VT, as it lists what is and isn't acceptable and you might find it useful.

 

http://dh0.uk/scan_000344.pdf

Very informative & helpful - many thanks for scanning / posting it. :clap: 

JKW

Think I'd want to be present when the inspection happens, as any issues can be discussed there and then.

 

Rather than receiving a bill for repairs for damage, which could have occurred at the dealership.

 

Ok its a bit less convenient for you, but might save you a lot of hassle if there is a dispute.

 

I thought they usually send BCA to collect/inspect direct from your house or work? Takes about a week or so after you instigate VT.

Edited 26 July, 20169 yr by glosrich

I have total faith in the integrity of the dealership I'm arranging VT / new car collection from - I know that's an unusual claim to make in the car world, but it's the reason I travel 55 miles each way to them, rather than use the more local dealership.

My outgoing car will be "inspected" by them in my presence & all adverse comments duly noted (there won't be much !), photo's taken by me and judging by what I'd seen earlier , my car left in secure storage until  the BCA inspectors arrive.

I don't envisage any problems with this arrangement, although only time will tell, of course, but I'll gladly relay my thoughts when all is done 'n' dusted.

JKW

I notice it doesnt say anything about excess mileage charges... odd!

I have scanned the copy of the letter Skoda Finance send out when you request a VT, as it lists what is and isn't acceptable and you might find it useful.

 

http://dh0.uk/scan_000344.pdf

 

£400 for a missing service book?

 

I'm assuming it doesn't apply to those of us who didn't receive one (it's all held electronically)?

I notice it doesnt say anything about excess mileage charges... odd!

I'm very reliably informed that excess mileage charges are not enforced when VT is instigated - it's a main reason taxi Skoda's are in such demand. The taxi driver racks up mega mileages & then VT's to avoid paying the excess charges - apparently Skoda / VW Finance are very wary of allowing such guys to VT again (understandably !), whereas us "normal" punters are OK to deal with.

JKW

I'm very reliably informed that excess mileage charges are not enforced when VT is instigated - it's a main reason taxi Skoda's are in such demand. The taxi driver racks up mega mileages & then VT's to avoid paying the excess charges - apparently Skoda / VW Finance are very wary of allowing such guys to VT again (understandably !), whereas us "normal" punters are OK to deal with.

JKW

 

Interesting; if the taxi driver has made all his payments on time, he'll have a clean credit check next time around?

 

Unless VW Finance keep a separate database of creditors.

VW do keep a log of all VT applications apparently ( and understandably) - it has nothing to do with credit scores & up to date payments, but purely to protect themselves from the likes of said taxi driver who basically abuses the system. They (VW Finance) cannot do anything other than refuse subsequent applications to PCP/PCH  deals in order to prevent the abuse.

I am NOT in any way an expert in these matters, but have done plenty of research before I opted to VT my own deal, just reiterating on here what knowledge I've gleaned.

JKW