Ending Car Finance Early | Early Termination of PCP, HP, or PCH UK
Ending Car Finance Early | Early Termination of PCP, HP, or PCH
- ✒️𝗕𝗹𝗼𝗴 𝗣𝗼𝘀𝘁 https://www.notaguru.co.uk/blog/ending-a-car-finance-agreement-early-pcp-lease-hp
- 📱𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 : https://linktr.ee/dnag
Can you end your PCP agreement early? what about HP, PCH car finance agreements? Can you do an early termination on car finance agreements in the UK? Car finance explained.
In this video we go over the broad strokes of ending a car finance agreement early using "early termination" and look at what that may mean in terms of charges to you.
Under UK law, you have the right to cancel certain types of car finance agreements early but that doesn't always mean it's a great idea or that it won't cost you a lot of money.
Think of ending car finance early a bit like the early redemption charges you have to pay if ending a mortgage deal early. The car finance company entered into a deal with you and they still want to earn their money, even if you want to exit early.
We also look at what you should do if you know you're going to struggle to make your next car finance payment. The good news is that help is available and you may not need to cancel car your finance early after all.
I won't call these videos car finance tutorials as I'm not qualified to give real advice, think of them as a helping hand toward getting the information you need to make some important decisions.
🚗🚗𝙈𝙔 𝙇𝙄𝙉𝙆𝙎🚗🚗
👨📱𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 : https://linktr.ee/dnag
☕☕𝗕𝘂𝘆 𝗠𝗲 𝗔 𝗖𝗼𝗳𝗳𝗲𝗲 : https://ko-fi.com/notaguru☕☕
👕🥤𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗠𝗲𝗿𝗰𝗵 : https://definitelynotaguru.myspreadshop.co.uk/
🌐💻𝗪𝗲𝗯𝘀𝗶𝘁𝗲 : https://www.notaguru.co.uk/
💙❤️️𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗦𝗽𝗼𝗻𝘀𝗼𝗿𝘀❤️️💙
🚗⚡𝗕𝘂𝗺𝗯𝗹𝗲𝗯𝗲𝗲 𝗘𝗩 𝗖𝗵𝗮𝗿𝗴𝗲𝗿𝘀 https://www.bumblebeeev.com/notaguru ⚡🚗
🔥🔥𝘼𝙁𝙁𝙄𝙇𝙄𝘼𝙏𝙀 𝙇𝙄𝙉𝙆𝙎🔥🔥
✅ 𝗟𝗲𝗮𝘀𝗲𝗟𝗼𝗰𝗼 : https://leaselo.co/notaguru-personal-car-leasing
✅ 𝗩𝗖𝗵𝗲𝗰𝗸 (𝗖𝗮𝗿 𝗛𝗶𝘀𝘁𝗼𝗿𝘆) : https://www.vcheck.uk/?aid=31442
✅𝗔𝗺𝗮𝘇𝗼𝗻 : https://amzn.to/3dLVstT
✅𝗥𝗲𝗮𝗱𝗹𝘆 (Free Trial) : https://readly.xqtubi.net/c/2938492/830020/10535
Important : This channel tries to deliver honest advice for real people. Remember that I am not a financial advisor or car finance professional and am therefore not qualified to give any kind of financial advice, views shown here are purely my own but you must make your own financial decisions. Always seek professional advice before entering a finance arrangement of any kind and seriously consider your financial position and the long-term affordability of any deal that you may enter into.
00:00 Intro
00:31 The Golden Rule
01:18 Why Would You Cancel Early?
01:29 Can I cancel Car Finance Early?
01:38 Difference Between Main Car Finance Types PCP, HP, PCH
02:54 Like & Subscribe - PLEASE
03:06 Settling an HP Deal Early
03:31 Settling a PCH Lease Early
04:07 Settling a PCP Early
04:58 Struggling to Make Payments on Car Finance
06:06 Should You Ever End Car Finance Early?
06:53 Summary, Blog & Outro
All music used in this video is written, recorded, and produced by me.
𝙋𝙡𝙚𝙖𝙨𝙚 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚! ;)
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