Hey, Steven. There is a maximum deposit that you can pay on a PCP in advance, and it depends on the GMFV of the car, the lifespan and how much you lend. An Audi dealer can give you a precise maximum for the car you are considering. Most financial companies have a minimum monthly payment of about $50 per month, but it varies. If you make an overpayment, there is a limit on how much can be taken on the phone (and 3K seems pretty much correct, although some may be lower). It is likely that the financial company will insist on an electronic transfer for more. You`re probably better off setting up the PCP so it`s best for you before you start rather than trying to adjust it in flight. Additional overpayments or mileage changes is the best way to change circumstances so that you can keep some control over your finances instead of trying to minimize interest rates once the deal has been launched. The financial company will always get its money from you, so it makes no sense to try to play the system. Please note that we may discuss your agreement with a designated third party, but only you, as the contract holder, are able to make changes to the agreement. Good morning, Maria.
Yes, the distributor should explain everything in full when selling you a financing contract, but you must also assume responsibility for reading a contract before signing it. Some basic math would show that after 48 months of payments and your deposit, you are still far from paying for the whole car (plus interest). You can set up the PCP early, but it won`t really help you. The best way to commit is to spend the last three years, save a deposit for your next car over the next three years and take an HP on your next contract. Excess mileage charges may be payable at the end of The Personal Contract Purchase (PPC) agreements, but only in certain circumstances. In particular, if you decide to return the vehicle to Kia Finance at the end of your agreement and if you have exceeded your agreed mileage limit. In such cases, one pence per mile is applied to the number of miles around which you have exceeded your limit. The rate of pence per mile is defined at the beginning of your agreement and clearly stated in your contract documentation. The criteria and conditions of credit apply.
The guaranteed future minimum value (GMFV) is payable if you extend or retain the vehicle at the end of the agreement. The financing is provided by a lease-sale agreement. The example of PCP Finance is based on a fixed APR of 3.9%. The first tranche amounts to 63.49 euros for the single documentation. To qualify for this funding offer; a minimum deposit of 10%, a maximum deposit of 30% of the sale price and a maximum term of 37 months. The credit provider is Bank of Ireland Finance, which is a registered business name of Bank of Ireland. The price shown is correct on October 22 and may change. The weekly amounts shown are based on a monthly refund and cannot be recovered each week. Most people tend to change cars every three or four years. Most buyers also have a relatively small amount of money available to deposit. For this type of situation, a PCP gives you a much lower monthly payment than an HP.
But there is a big restriction – at the end of the agreement, you have to take steps to settle the unpaid debts (the balloon). If you don`t, you`ll be severely stung. Good morning, Patrick. Different manufacturers have different rules regarding the Channel Islands. Check your PCP agreement to see if there is a permanent move clause to the Channel Islands. If not, call Mercedes-Benz Finance and ask them. In any case, you must inform them of the address and the change of registration.