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Selling car on HP (PCP) agreement

thebritishbloke · 2015-12-12 18:25:02

I'm moving out of the country and want to get rid of my car that's currently on a HP (3 Year PCP) deal with Citroen finance. Sorry for some vagueness to follow with figures, I'm out of the country and don't have my paperwork to hand. I bought the car in January 2014 and borrowed £14,450 at (I think) 4.9% at £261pm for 36…

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macman Posts: 53,129 Forumite

14 December 2015 at 6:22PM edited 14 December 2015 at 6:30PM

You say you bought it on 'HP' and then say it's a '3 year PCP', Not the same thing, very different finance deals, so talk to the finance company first.
You need to check what the PCP T&C's say about your voluntary termination rights, as the finance co. will not want you to terminate with a year's interest payments to run without recovering their losses in that respect.

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Selling car on HP (PCP) agreement

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