📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

PCP car finance

Options
2»

Comments

  • DrEskimo
    DrEskimo Posts: 2,442 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    There is c£2k deficit 
    Well unfortunately theres your answer...

    The cheapest way to get out the contract now is to sell it to whoever is offering the best price and pay the £2k shortfall.

    Unless you can find garage/dealer that will offer more, or could look at settling the finance and trying to sell privately for more.
  • I think I’m just going to hold on to it until I can get to VT point or perhaps wait until the end of the agreement. I do like the car a lot just a huge shame it sits on my drive 95% of the time now. 
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Better to take a £2k hit now than to pay another £4.5K until you can VT it? Especially if it's sitting unused most of the time.
    No free lunch, and no free laptop ;)
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.