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More VT questions

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  • More VT questions

    Sorry to fill this forum up with more VT questions but I have a couple that I can't find answers to.

    1. How do you calculate the 50% amount? More importantly, do you include the optional payment at the end of the agreement?

    2. I phoned Kia Finance to see if they could answer the above question: they told me that, despite having a PCP agreement, I was not eligible to VT as it was also a Personal Loan with the money secured against ME rather than against the car. From what I can gather it can't be both, it's either PCP or it's a personal loan. Is this right??

    I thought I had enough answers to stand my ground but I've fallen at the first hurdle with this PCP vs. Personal Loan conundrum.
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  • #2
    Re: More VT questions

    50% is calculated by adding the total amount payable with the optiOn to purchase price.

    Your starting point is to look at the title of the agreement. Does it say fixed sum loan or something else?
    If you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
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