Can someone help me understand my options? (PCP and Negative equity)

Grumpy_chap

StuMcBill said:

I’m way under on mileage (COVID & Working from home), 

I doubt that being under on mileage adds any value because so many other vehicles in the same position.

StuMcBill said:

Yeah, tried a few local garages, WBAC are about £1500 short of my settlement, motorway are about £800 short.

Motorway $800 short seems better than trade in at $1200 short - $400 better in your pocket.

BOWFER

StuMcBill said:

Yeah, tried a few local garages, WBAC are about £1500 short of my settlement, motorway are about £800 short.

Slap it on Facebook marketplace with the figure you're looking for to settle the finance.
Advertise it as that and say that's all you want to do for a quick sale.
Presumably it's less than market value and someone might just snap it up
It's free and works well, so why not try.

StuMcBill

BOWFER said:

StuMcBill said:

Yeah, tried a few local garages, WBAC are about £1500 short of my settlement, motorway are about £800 short.

Slap it on Facebook marketplace with the figure you're looking for to settle the finance.
Advertise it as that and say that's all you want to do for a quick sale.
Presumably it's less than market value and someone might just snap it up
It's free and works well, so why not try.

With the amount of hassle I have had selling other items on Facebook (a lawnmower and AirPods Pro), I'm not overly keen on going that route with a car.

I'm probably going to go down the VT route.

Thanks for all the help.

Stewart