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Pcp finance
MattHarris1987
Posts: 24 Forumite
in Motoring
If I choose to end my pcp on one car early and take out a new car from same manufacturer and finance company what happens. Do I just return the car and take out a new finance agreement?
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Comments
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in effect yes, they get a settlement figure, and if thats less than the trade in value you get a deposit on the next vehicle, if its more you get to take negative equity with you0
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It makes no difference if your new car is from the same company or not or if the new finance provider is the same as the old one. The process is the same.0
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How 'early' are we talking?0
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If the car you are getting rid of is worth less than the outstanding finance, you roll that negative equity into the finance package for the new car - and pay interest on it until you finally reach the end of a PCP contract.0
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