I started the process of preferential early termination of PCH with VWFS. Basically, you have to find a dealer that will get settlement quote from VWFS and buys the car from them. Customer has to take another finance product with VWFS.
Finding another car with VAG group, that's also manufacturer approved (so they can sell you VWFS finance) limits the choices. I started looking at cars between 2017 and 2019.
Found one decently priced Ateca from 2017, but I'm not sure I will hear back from the dealer. He was supposed to get settlement quote, but went ahead without checking what's the name on the contract and used shorter version of my name and came back with nothing. So he probably thinks, I'm a fraud.
Now negotiating with Skoda dealer, but have to wait until Monday for VWFS to open.
Idea is to find best priced, acceptable car that I can buy on finance and pay it off. If A6 Allroad previous model wasn't crazy expensive now, I would go for one or if there was any decent choice of A8s D4, but there's just a few poorly specced, overpriced cars. I disqualified any cars with adaptive cruise, so again number of models out. So cheapest acceptable car is the way to go.
Got quotes from Webuyanycar and Motorway for £36K. Autotrader says £34.1K. Don't know what's the settlement amount from VWFS, but hopefully, I will get a bit of cash back, from what I already paid.
In normal times, I would just drive the car and suffer, but used car prices and shortage of chips keep prices of used cars high and give me hope, I can get out of this contract without big loss.
Of course, I may get some ridiculous quotes and will have to live with Formentor.
Finding another car with VAG group, that's also manufacturer approved (so they can sell you VWFS finance) limits the choices. I started looking at cars between 2017 and 2019.
Found one decently priced Ateca from 2017, but I'm not sure I will hear back from the dealer. He was supposed to get settlement quote, but went ahead without checking what's the name on the contract and used shorter version of my name and came back with nothing. So he probably thinks, I'm a fraud.
Now negotiating with Skoda dealer, but have to wait until Monday for VWFS to open.
Idea is to find best priced, acceptable car that I can buy on finance and pay it off. If A6 Allroad previous model wasn't crazy expensive now, I would go for one or if there was any decent choice of A8s D4, but there's just a few poorly specced, overpriced cars. I disqualified any cars with adaptive cruise, so again number of models out. So cheapest acceptable car is the way to go.
Got quotes from Webuyanycar and Motorway for £36K. Autotrader says £34.1K. Don't know what's the settlement amount from VWFS, but hopefully, I will get a bit of cash back, from what I already paid.
In normal times, I would just drive the car and suffer, but used car prices and shortage of chips keep prices of used cars high and give me hope, I can get out of this contract without big loss.
Of course, I may get some ridiculous quotes and will have to live with Formentor.