Want to buy my car on PCP

bikebarbie

Hi

my current vehicle was purchased using PCP from new (with a decent deposit) and the contract is due to expire in March next year.

I have decided to keep the car and not renew the contract for a new vehicle.

Can you let me know in principle if it is more cost effective to renew the contract early - to refinance the outstanding, some 7 months earlier or let this contract run its end and refinance in March?

Thanks
BB

Hintza

Let it run, anything else will probably attract some form of hidden admin costs.

Why do you want to keep the car? What are the Pros and Cos of doing so? You need to answer those questions.

Paully232000

Can you not phone the company and ask for a current settlement figure and then work out how much more it is now than in 7 months time (obviously taking into consideration the 7 more payments you have to make).