We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Can you trade in a car on PCP ?

2»

Comments

  • F1F93
    F1F93 Posts: 366 Forumite
    Your car is worth more than £8000! Assuming it was new (which I'm guessing it is at that price) then it'll be a 13 or 63 plate, I'm guessing with around 10k on the clock?

    Well a 13 plate VXR with 20 on the clock will go for £11,165 privately or £10,500 part ex, so you only need a little more to settle the finance.
  • aardvaak
    aardvaak Posts: 5,836 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    What is PCP ?
  • colino
    colino Posts: 5,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Anything is possible, but on one hand would you be happy driving around in your new family funster while paying for both it and the negative equity of your current car; and how persuasive are you to get a good price for your trade-in (the market is awash with them) and get a good finance package from a finance house on a deal that no longer bears any relationship to the vehicle value being financed? I can see this ending in tears with you stitched up to a, monthly more expensive, longer term in years, deal for a Renault Scenic.
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
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.4K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 261.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K 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.