Guys,
Have a question - may be in for a nasty surprise so here goes. (Going to have to ring dealership tomorrow anyway.)
I purchased a brand new IS200 SE in March on the Lexus 3 year personal plan - the one with a guaranteed future value and the option to trade in, give back or buy outright at the end of the agreement.
My problem is this: I was going to leave the UK (as in emmigrate on work grounds)in a year or so. I will then have had the Lex for about 15 months total. There is a clause in the termination section which states that should I end the deal early, the car needs to go back (fine...) AND the finance company are still entitled to all the 36 month repayments. That would see me give back a year old lexus still worth quite a bit, and cough up an extra £7000 which leaves me a little confused.
I was rather hoping I'd be able to ring Lexus Finance up in a year or so and just ask them for a settlement figure, whilst selling the car back to the dealership for example.
Sorry this is complicated, but anyone in the know feel free to post! I just hope it's not bad news.
Thanks.