Getting out of pcp due to consistent faults?

[Dan1210]

Hey, sorry downer post!
Has anyone had any luck getting out of their pcp agreement early? I have had consistent issues with my x turismo in the first two years of ownership, heater issues constant failings with the 12v battery. I really am at the end of my tether with this car, what started out as a dream purchase has evolved into a bit of a nightmare.
I fail to see how this is acceptable, i have made a formal complaint to the finance company and am awaiting a response.
The car was bought brand new from porsche using pcp solutions.
Cheers.

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[W1NGE]

Hey, sorry downer post!
Has anyone had any luck getting out of their pcp agreement early? I have had consistent issues with my x turismo in the first two years of ownership, heater issues constant failings with the 12v battery. I really am at the end of my tether with this car, what started out as a dream purchase has evolved into a bit of a nightmare.
I fail to see how this is acceptable, i have made a formal complaint to the finance company and am awaiting a response.
The car was bought brand new from porsche using pcp solutions.
Cheers.

The frustration is shared but each fault has been addressed by Porsche and some of the faults have been a global issue and rectified.

I don't think you'll get what you'd like. You can of course never buy another Porsche (unlikely, once bitten etc).

Not the finance company's issue either (VW Finance).

Good luck!

 

[Fish Fingers]

What is the term on the PCP?

I thought there was financial regulation allowing you to be able to hand it back under 'voluntary termination' or something, after 50% had been paid???

 

[4sCT21]

What is the term on the PCP?

I thought there was financial regulation allowing you to be able to hand it back under 'voluntary termination' or something, after 50% had been paid???

This is correct. I voluntarily terminated my 6 series contract 9 years ago.

 

[Fish Fingers]

More info here......

https://www.thecarexpert.co.uk/car-finance-voluntary-termination-pcp-hp/

Under PCP, I imagine the 50% may be an issue, as it includes any final/balloon payment (depending how OP has set it up).

Another reason why I think dealers are so keen to push PCP (or were before the recent mis-selling saga).

 

[4sCT21]

It normally works out to be circa 3 years in on a 4 year deal.

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