Own manual car with pcp finance

Garyjo1203

Hi all, I have recently been declared disabled from an accident at work. And was hoping for a bit of advice. I currently own a manual car on pcp finance and am 1 Year into a 3 year deal. The problem I have is I know need a automatic car as I have limited use with my left leg. I have been awarded high rate motability. Put I have tried to join the scheme put they are not able to offer me enough to cover the settlement figure on my current car. And I'm about £3000 short. Does anyone know if there is any help I can get to cover this shortfall like a grant or something. 

poppy123456

HI and welcome,

Unfortunately, there's no grants that i know of to help with this.

katho31

Hi @Garyjo1203 and welcome  im not well up on car finance but someone on this forum may know more, best wishes to you 

Garyjo1203

Hi, 
And thanks for the replies,  I honestly don't know what to do next I have rang Ford credit and they saying I can only hand the car back after I'm 50% into my agreement. So that's not viable as I'm only one year into the agreement. You would think there would be some sort of clause in credit agreements were peoples circumstances change to no fault of their own and the car they own is no longer fit for purpose. 

Garyjo1203

Hi, 
And thanks for the replies,  I honestly don't know what to do next I have rang Ford credit and they saying I can only hand the car back after I'm 50% into my agreement. So that's not viable as I'm only one year into the agreement. You would think there would be some sort of clause in credit agreements were peoples circumstances change to no fault of their own and the car they own is no longer fit for purpose. 

atlas47

Hi @Garyjo1203

There is a clause in all agreements, that allows Voluntary Termination (VT), though Ford finance, would not want you to know.

You should seek advice from a local community law centre, for detailed advice.

You should also raise the issue about you needs, ie automatic car, due to disability.

There are lots of threads on various forums, so do some googling!

Keep us informed.

janer1967

Hi and welcome to the community I am sorry to hear of your problem.

If it is just automatic you need would the finance company not let you exchange the car for an automatic still using their finance ? At least then thr car would be yours at ther end of the agreement as isnt the case with mobility and can often be cheaper to purchase your own car rather than leasing from them

Just a few ideas for you
 

Garyjo1203

Ok thanks for the reply, shall do some further digging, 
And see if I can get some sort of resolution thanks 

katho31

Best wishes