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Negative Equity Absorbed in New PCP then cancel.

Home Forums Car finance Negative Equity Absorbed in New PCP then cancel.

This topic contains 0 replies, has 1 voice, and was last updated by Avatar Alex Stanescu 1 week, 5 days ago.

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    Alex Stanescu

    Hello Everyone,

    I have a question, most dealers can absorb a bit of negative equity by increasing the price of the new car.

    Hypothetically speaking, if I have £5000 negative equity, I pay £3000 deposit and get into a new car, what will happen if I cancel within 14 days, will they reinstate my old pcp? Will they force me take another car? Or is there no option to cancel within 14 days? Will I lose my £3000 deposit?
    Thank you

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