Written off car question

[Purpledaisys]

Posting for traffic!
I recently wrote my car off that was on a PCP contract and have been given a pay out from insurance, once I pay the settlement to finance company is there anyone else I need to let know? The company I bought the car from?
Worried in case I miss something!

Have the insurance company given you the money? When we had a car on PCP the insurance company paid off the finance directly and we just got what was left over.

@Littletreefrog they have asked for my bank details to transfer me it so I think they will then I pay them off, but I could be wrong

Hmm I'm sure more knowledgeable people will be along but in my experience the insurance company asked my permission to speak directly to the finance company then they paid them off directly. Is your payout going to be enough to cover the remainder you owe?

But to answer your actual question no you don't need to tell the garage you bought the car from at this point it is. nothing to do with them.

Ok thanks for your help, yes it is enough to cover it luckily!
okay that makes sense I'm just thinking about all the loose ends I may need to tie up

PP is right, your insurer should not pay the full amount to you as it needs to go direct to the PCP company, as you don't own the whole vehicle (for want of a better phrase).
If they sent you the full amount, there's nothing to stop you running off with the funds and not paying the finance company off.
Your insurer should also ask you to send them your V5 plus any keys (if you're in England).

Insurer will pay off the finance and pay anything left over into your bank account.
The insurer is responsible for putting the car on the written off register and selling the salvage.
They will usually ask you send the keys to the salvage agent