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PCP Termination/We Buy Any Car

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  • Others may not agree with this but I handed back my PCP car at the end of the term and bought a £1200 run around which needed £600 worth of work and lasted a year. My car payments were around the same as that and the runaround was much heavier on fuel with much higher road tax. I ended up taking on another PCP agreement when runaround was done as I can afford it and I enjoy driving a nice reliable car.
    Ah okay, did you find you had quite a few problems with the cheaper car?

    I think that's my worry, I don't want to get it and then break down all the time, but I suppose that's the chance you take and the reason why new cars cost more ultimately.
    Problem after problem and it got to the point where we'd spent so much and the car was worth so little that we gave up.
    Debt Free as of December 2020 👏

    Save 12k in 2025 #6 - £300 / £3000

    MFW - 19 months shaved off the mortgage
  • meerkatpie
    meerkatpie Posts: 118 Forumite
    100 Posts Second Anniversary Name Dropper
    Others may not agree with this but I handed back my PCP car at the end of the term and bought a £1200 run around which needed £600 worth of work and lasted a year. My car payments were around the same as that and the runaround was much heavier on fuel with much higher road tax. I ended up taking on another PCP agreement when runaround was done as I can afford it and I enjoy driving a nice reliable car.
    Ah okay, did you find you had quite a few problems with the cheaper car?

    I think that's my worry, I don't want to get it and then break down all the time, but I suppose that's the chance you take and the reason why new cars cost more ultimately.
    Problem after problem and it got to the point where we'd spent so much and the car was worth so little that we gave up.
    That's understandable, and I suppose that was the cost of a monthly PCP payment and the reassurance is better than the risk of something going wrong.
    Working towards that dream of being debt free... again...

    Starting Debt:

    Barclaycard - £8,811.94

    Santander Loan - £8,909.53

    Total in December 2022: £17,721.47

    Current Debt:

    Barclaycard - £7,891.94

    Santander Loan - £8,517.25

    Total in March 2023: £16,409.19
  • SaverRate
    SaverRate Posts: 977 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    If you still want to sell have a look at Motorway, although not the same as WBAC we got a higher price and was very easy. The dealer thats buying the car will settle the finance for you. (I do not work for motorway we just found them by chance and have now sold multiple cars through them!)
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