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PCP Advice needed !

BushmanJoe · 2025-11-02 17:27:11

Hi, I’m after some advice re a PCP finance deal. My present deal ends in February 26 with approx £3000 outstanding. The car is in negative equity to the tune of approx £1000. The mileage is significantly over too due to taking car when I had a short commute, within 2 months I had been made redundant and found work 25 miles…

Comments

Herzlos Posts: 16,092 Forumite

3 November at 12:01PM

The car is worth £2000 trade-in. If you trade it in then you'll need to buy another car for more.

So unless there's some reason you need a different car I'd take the finance to pay the £3000 balloon and keep it. Otherwise you'll be paying £1400 to hand it back plus whatever for the next car (almost certainly more than £1600)

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