Coronavirus has negatively affected my business - can I reject a new PCP because of the situation?

I have a new PCP, less than 30 days old. I got it before Covid19 had massive effects on the UK. I’m self employed and this has had huge effects on my business. Am I able to reject my car because of this?

Asked on 23 March 2020 by Craig

Answered by Andrew Brady
Unless there's a fault with the vehicle, you won't be able to reject it. The finance provider should be pragmatic about the situation so it's important to speak to them as soon as possible. You may need to sell the vehicle to pay off the remaining finance - but the car is probably worth less than the remaining payments at this stage.
Similar questions
I have a PCP due to end at the beginning of June 2020. I wish to return the vehicle. However, is it worth trying to haggle to retain the vehicle at a lower price due to the current climate?
I have an Audi A1 which comes to the end of it's PCP agreement on 27 May. We don't want to upgrade and we were going to hand it back. It's in good condition with 24,000 miles on the clock. The settlement...
What normally happens in the event of the incapacity or death of someone who has taken out a PCP or PCH agreement? Can it be transferred to a spouse? Also, is a deceased person's estate liable for any...

Value my car