Reduction of miles (pch/pcp)

[JAR897]

Good morning all, I’m wondering if anybody has tried to reduce the mileage of their PCP or PCH Agreements with Tesla given the reduced commuting / travel / etc from COVID.

And importantly I am wondering if anyone has had any success with this?

I know insurance company such as direct line are doing a end of year review and refund, but I wondered if Tesla are doing anything similar? Or would be obliged to, etc?

I suspect the answer is a solid no given the recent Tesla model S price increase for existing orders, but thought I’d ask the question anyway

 

[Cardo]

If the financial institution allowed it, a reduction in mileage on a PCP would likely increase the final balloon payment, reducing monthly payments, however increasing overall interest payable. Possibly not worth it if keeping the car, but a different story of planning to return it. Though I’m unaware of companies allowing this.