Car finance and changing manufacturer

stephenjames_2

Hi everyone
I have been buying cars from BMW , with their select finance, pcp, with a payment at the end. They usually call me with a offer before my agreement ends and I have had good deals so have renewed my car.

If I decided I didn't want another BMW how much hassle is it to buy from another manufacturer? Does anyone know if the new manufacturer can clear my BMW finance, or do I have to return the car to BMW and hope they accept it back before the agreement is ended?

Reason being BMW have offered me to renew my 1 series, because a facelift model is out soon, but they want full book price on a standard unregistered car, that is in their showroom, that they need to shift.

Hope someone has had some experience in changing manufacturer and can give some advice.


Many thanks
Steve

neilmcl

If you don't want another BMW then you've two choices. Hand the car back and walk away or see what another manufacturer's dealership will offer.

stephenjames_2

Ok thanks, I was just wondering whether other dealers sort it all out or I have to.
Thanks for your reply
Steve

neilmcl

No, other dealers will quite happily sort out your finance as long as there's enough equity in the car to cover it.

stephenjames_2

Oh ok , nice one, thanks for the info