Quote:
Originally Posted by xenon
Never heard of that. I've VT'd the last four cars I've had on a PCP and never come across that.
Sorry, having re-read your post I think you were proposing that as an idea rather than what happens now. Fair point although I personally disagree - in order to offer finance the sales person should do a proper affordability assessment - that's all that's needed.
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It was a proposal - and whilst you can afford it at the point of signing, life changes in ways you can never predict and so its right there is a get out clause - but its not right that the legal escape route put in for people to be able to get out when the burden is too much is abused by people as they fancy a new motor....
But that's just my view, I know I am in the minority on here!