📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Ending a PCP deal early

Options
Hi there.

I took out a PCP deal on a nice little Fiat 500 in June 2012.

Had great use out of the car and no complaints but the only problem I have now is that I now have a family and it is proving a little difficult for us and think I need something bigger.

The deal started on 27th June 2012 and is on the the 3 year PCP deal.

Firstly, can I end this early and secondly if so would it cost me a huge amount?

Many thanks in advance for any help

Sonny

Comments

  • InsideInsurance
    InsideInsurance Posts: 22,460 Forumite
    10,000 Posts Combo Breaker
    Yes you can cancel early, you'd need to get a settlement figure from the finance company to see how much is due and then work out how much you'll get for the car either by selling it, trading it in or surrendering it to the finance company - the last is likely to give you the worst figure but if you are negative equity it may be the only easiest option
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.