Moving abroad - terminating PCH early

Moving abroad - terminating PCH early

Author
Discussion

Qbazdz

Original Poster:

81 posts

62 months

Wednesday 21st August
quotequote all
Hi,

I am closing in on a 6 month window for my current PCH deal to end and looking around for the new car.
However, my job is likely to take a turn (positive one luckily) where I (or whole family) may need to move abroad for a period of time.

Anyone has any practical experience with terminating the lease early? would be very much T&C dependant per company you're dealing with?

What is the usual practice?

Thanks!

Edited by Qbazdz on Wednesday 21st August 10:05

Fastlane

1,254 posts

222 months

Wednesday 21st August
quotequote all
Usually the early termination charge is 50% of the outstanding payments, plus any damage or excess mileage. Just did this for our Kona through Arval.

A call to the funder will confirm.

Good luck with the new job.

66HFM

414 posts

30 months

Wednesday 21st August
quotequote all
If its for a new job you could try and negotiate the early termination costs as part of your 'relocation' deal...

PlywoodPascal

5,053 posts

26 months

Wednesday 21st August
quotequote all
If it were me and I thought there was a chance I was moving abroad I’d just not sign up to something that would require the cost to terminate that a deal like that would. Low upsides, potentially very large downside.

Qbazdz

Original Poster:

81 posts

62 months

Wednesday 21st August
quotequote all
Thanks all.

I have time before I decide to take the next PCH on, so that's why I am trying to figure out if its worth risking it.