I don't know if I have imagined it, but did I read somewhere that a PCP agreement with FGA can be terminated half way through, and you just hand the car back? Can anyone confirm or deny this?
Yes it is, total cost of car plus interest, if your deposit and payments to date are equal to or more than half of the total amount payableThanks all.
So andy is that half the invoice amount then? With your deposit counting towards it?
Only a couple of instances when I would invoke the VT clause:Interesting stuff, thanks!
It will be over half way through the agreement if i've got this right, due to the optional final payment?
Basically it gives you an option to change earlier, or hang on and hope there is some equity in the car.