'balloon payment'. so, when it comes to swapping your car, it won’t cost you any more money and you can use the extra cash you have in equity to pay part or all of the deposit on your next model. however, if you want to change your car early, you’ll have to pay a ...
- Make a decision that’s right for you at the end of your deal. Choose to keep your car, hand it back or take out a new deal - Pick a contract length that’s right for you - Overpay and make early repayments if you’d like toStay...
car back. early termination voluntary termination is an option on both pcp and hp deals. under the consumer credit act 1974, if you have paid off 50% or more of the total contract value, you are legally allowed to cancel your contract early. crucially, the total contract value includes ...
Benefits of HP agreements include no mileage restrictions, no charges for early settlement and the option to part-exchange the car towards your next one. PCP agreements defer a large proportion of the cost to the end of the agreement, and you can choose to pay it and keep the car or han...
Can you terminate the agreement early? You can 'voluntarily terminate' a PCP agreement early but you will be required to hand the vehicle back to the finance company and pay, or have paid, at least half of the total amount owed.