Have a read seat cupra problem 2.0 T

[Peskarik]

My car is with VW finance on a PCP for 3 years (after which I will ow VW £6500 but Im just going to give the car back and get a new one). Does this mean they "own" my car until I have paid it off? I am getting her remaped soon and tbh I am probably still going to go ahead with this but just want to know out of interest.

That is exactly what it means.
If it is a lease then you do not build equity in your car, you pay for use and the interest.
BTW, when you "just give it back" they will charge you for all small things like scuffed (right word?) rims, scratches, etc.
They will probably also want original parts in the car, or at least they will not pay for extras you fit.

[Peskarik]

lol I drive a hire car

you do.
ain't that something... 

[Peskarik]

so why does he still want rid of the car?? 

deale wants it back for breach of contract i think

and he still has to pay the 4000 difference??? id have been in court by now if this was the case 

i think i would get a loan and pay the car off and then screw the dealer and and get vag tech to look after it service wise

I think you make sense. I'd do exactly that, as well.

[AlanD]

My car is with VW finance on a PCP for 3 years (after which I will ow VW £6500 but Im just going to give the car back and get a new one). Does this mean they "own" my car until I have paid it off? I am getting her remaped soon and tbh I am probably still going to go ahead with this but just want to know out of interest.

That is exactly what it means.
If it is a lease then you do not build equity in your car, you pay for use and the interest.
BTW, when you "just give it back" they will charge you for all small things like scuffed (right word?) rims, scratches, etc.
They will probably also want original parts in the car, or at least they will not pay for extras you fit.

I just think I should point that im not "leasing" the car. The car is finance with VW. At the end of the 3 years I ow VW £6500 for the car. I can either give them £6500 and that is the end of it. Or give them back the car (which I would like to think will be worth more than £6500 in 3 years) which settles the finance and I might even come out of it with positive equity in which case I get x ammount of my next VW or take the money and buy an S3. Im not debating the fact that i don't "own" it. I'm the one dirving it for 3 years so bollox lol

[Hurdy]

I don't want to burst your bubble Alan, but I don't know of anyone who has managed to get any money back at the end of a PCP plan. There are plenty of sales reps I know who have been down this road and it is usually a barren rocky one.

Has anyone on here ever had any money back from a PCP? -  and I don't mean the old " if you take out another PCP/buy another car from us, we'll give you a bit towards it" ploy!

[NEWEY]

I don't want to burst your bubble Alan, but I don't know of anyone who has managed to get any money back at the end of a PCP plan. There are plenty of sales reps I know who have been down this road and it is usually a barren rocky one.

Has anyone on here ever had any money back from a PCP? -  and I don't mean the old " if you take out another PCP/buy another car from us, we'll give you a bit towards it" ploy!

my fiesta zetec s was on a pcp plan and i sold the car private at the end and paid the loan company off. i came out with about £1500 after i had paid off the loan. i would imagine the golf to be more as i cant see it loosing as much value as the fiesta did (just over 5 grand in under two years)

[Hurdy]

Yes, Newey, but you sold yours privately