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There seems a lot of conjecture as to VT of a pcp .
My understanding is that you must have paid at least 50% of the total purchase price ( including interest and deposit) .
In my case just under 40k.
So in. My case 15 payments of £300 per month plus my deposit of £8300gives me a total payment of £12800 ,nowhere near the specified requirement.
Could someone confirm my thoughts and figures please?
On a personal note my circumstances mean that I can no longer afford the monthly payments.
My understanding is that you must have paid at least 50% of the total purchase price ( including interest and deposit) .
In my case just under 40k.
So in. My case 15 payments of £300 per month plus my deposit of £8300gives me a total payment of £12800 ,nowhere near the specified requirement.
Could someone confirm my thoughts and figures please?
On a personal note my circumstances mean that I can no longer afford the monthly payments.
