My employer has been taken over leading to myself and many others being made redundant. As a result, I no longer require the 16000 mileage allowance and will only be doing 6-7000 per annum and I would like to reduce outgoings.
My PCP is only 11 months into a 48 month agreement but as the above scenario was unpredictable, I am left wondering what options I have from here.
I’m aware of the rough principles of VT but if applicable, is the 50% marker at the 24 month period of the agreement, or is it 50% of the total OTR price of the vehicle?
Your thoughts & advice is greatly appreciated – thanks in advance.
Hi I have been made redundant entire due to company takeover and restructuring. The car I have is on a PCP with 9 months left to run under the contracted mileage, how can I get out of the outstanding amount owing ?