Hi all I was wondering if someone could help me out. I purchased a new shape Citroen C1 Flair in 2015 I have it on a 4 year PCP deal which will come to an end next September 2019. I paid as follows
Vehicle price : £8995
Deposit : £300
48x £158.67 p/m
When everything is added up it came to £11,415.16.
Final payment is £3,499.00
GMFV is £3,300.00
I had an online valuation done yesterday it can back to trade in price of £3,940.
What I want to know is how will this work next September when I want to trade it in for something else
What will I owe? Will I need another deposit? It’s worrying me a bit at the moment, I checked with Barclays partner Finance and the settlement figure is £5100 as of today. Any advice would be much appreciated.