• Home
  • Advice
  • Brands
  • Partners
  • News
  • Reviews
  • Forum
  • New car ratings

Reply To: Car Finance explained : how the PCP works

Home Forums Blogs Car Finance explained : how the PCP works Reply To: Car Finance explained : how the PCP works

#79020 Reply
Stuart Masson
Stuart Masson
Keymaster

Hi Darren,

If you have repaid half of the Total Amount Payable, as indicated in your finance agreement, then you can VT the car.  However, although it will not affect your credit rating, be aware that the same finance company (ie – Renault Finance) may not agree to finance you on another agreement if you do this.

For more information on voluntary termination, have a read of our article here: https://thecarexpert.co.uk/car-finance-voluntary-termination-pcp-hp/

For other information on settling your PCP early, have a read of this article: https://thecarexpert.co.uk/settle-a-pcp-early/