So my 3 year PCP offer finishes at the end of this month and Mercedes have advised that the GFV set when the PCP deal started is higher than the car is worth.
So all I can do now is hand the car back and walk away, through no choice of my own.
This means that I have in effect been leasing the car for the past 3 years but on PCP terms, ie paying a higher up from deposit and higher monthly costs than had I just leased the car in the first place.
Does this situation happen commonly and do I have any recourse to take this up with Mercedes based on the fact that the PCP numbers that they worked out for me do not stack up ?
So all I can do now is hand the car back and walk away, through no choice of my own.
This means that I have in effect been leasing the car for the past 3 years but on PCP terms, ie paying a higher up from deposit and higher monthly costs than had I just leased the car in the first place.
Does this situation happen commonly and do I have any recourse to take this up with Mercedes based on the fact that the PCP numbers that they worked out for me do not stack up ?