You are reading a single comment by @ChasnotRobert and its replies.
Click here to read the full conversation.
-
I've just paid the balloon payment on my PCP and can confirm that no shits were given about how many miles were on the car, or how many gates my wife had driven into.
For the record, 32,000 miles, one gate and one innocent bystander's car in the car park at the gym. Tbf to my wife, she did leave a note.
[Edit] it makes no sense that there would be a charge for excess mileage if you pay the balloon payment and keep the car. The mileage limit (as well as all the other clauses about fair wear and tear etc) are there purely to protect the "guaranteed minimum future value" in the event that you hand the car back.
ChasnotRobert
If I buy a car on PCP and underestimate my miles, but pay the balloon payment at the end will I get fined for exceeding the mileage?