Hi. I’m half way through a 4 year PCP agreement with Mercedes-Benz Finance that guarantees the future minimum value of £12,125. My circumstances have changed and now I need a bigger car (currently have a C-class coupe). I was thinking of getting a Nissan X-Trail so I went to a local dealership and asked for a valuation of my car. It surprised me Nissan as well as Audi valued the car at £13,000.
Is this the actual car’s value that relates to the GMFV? If so, did the finance company get their numbers wrong or is the actual car’s value different than what I was told at the dealerships?
The same model of my car I found on Auto Trader starts at around £20,000.
Can anyone please explain where my logic is going wrong?