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Please help! Advice re: Car PCP

rachtho827
rachtho827 Posts: 2 Newbie
Seventh Anniversary Combo Breaker
in Motoring
Hi there,

Really needing some advice. I am 12 months into a PCP on an audi a1. However I am now pregnant and i will really struggle to be able to afford the monthly payments while on maternity leave (I will only get stat maternity pay) Just wondering what my options are? I am going to the dealership soon but I'm stressing out about this! I'm guessing I'll either have to pay thousands to get out of it or I'll just have to be poor for a while! :( Is there any way to extend a PCP? If I could add a year or two I'd be happy with that.

Grateful for any advice, thank you!

Comments

  • thescouselander
    thescouselander Posts: 5,547 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Have a look at your agreement to see what it says. Some deals you can hand the car back at any time or with others you need to have got about half way through.

    The only problem is you'll then be without a car.
  • pc1271
    pc1271 Posts: 279 Forumite
    I had a PCP with Hyundai, and I'm sure it said in the contract that one payment holiday was allowed.
  • burlington6
    burlington6 Posts: 2,111 Forumite
    1,000 Posts Combo Breaker
    Might sound a bit harsh but its not the dealer, dealership, finance company or Audis fault your pregnant and will struggle.
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Try and make some savings elsewhere.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It's the finance co. you need to talk to, not the dealer. Extending the PCP to 4 or 5 years will mean paying far more in the long run with the extra interest. What were you intending to do in 2 years if you can't finance the balloon payment? Hand the car back, or start another PCP?
    No free lunch, and no free laptop ;)
  • Jay_Tee
    Jay_Tee Posts: 1,653 Forumite
    edited 22 October 2015 at 6:48PM
    burlington6 wrote: »
    Might sound a bit harsh but its not the dealer, dealership, finance company or Audis fault your pregnant and will struggle.

    I would say it's very harsh and completely uncalled for. A new poster asks for help and gets this, she probably won't be back! I personally saw absolutely nothing in her post suggesting that she blamed the dealership, Audi or finance company, she just came here to ask for some advice about options.

    It's nice to see that this boards BMW M3 lover agrees with you though. Oh and you've thanked his, how sweet.
  • Jonesya
    Jonesya Posts: 1,823 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 23 October 2015 at 10:04AM
    If you've got a partner who drives, could they run the car and either sell theirs or swap it with you?

    Or close family that might take it on for you?
This discussion has been closed.
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