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Options at end of PCP

Home Forums Buying a Car Options at end of PCP

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This topic contains 1 reply, has 1 voice, and was last updated by Stuart Masson Stuart Masson 11 months, 2 weeks ago.

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  • #136060 Reply
    Raaj Arora

    Currently I’m on a 4 year PCP deal with Audi for Q3. At the end of 3rd my dealer had offered to upgrade to a newer model.

    Now the GFV is about 13k, if I’m gonna keep the car, I will have to refinance for maybe another 3-4 years. Is it better to go for a new model and treat the monthly car payment as a utility bill instead of the option of actually owning the car? I know many will suggest for a cash payment to buy off the car. I would rather keep the 14k in my bank than pay off my car.

    And if I continue the car on finance, by the end of another 4-year term, the car would be so outdated. There will be a better model with more tech and better emissions/engine. Just want suggestions to see what is the best route. Many thanks in advance.

  • #136304 Reply
    Stuart Masson
    Stuart Masson

    Hi Raaj. We can’t tell you what the right decision for you would be. All we can do is explain how the finance products work and give you the information to make an informed decision for yourself.

    Here are two articles you should read:
    What are my options at the end of a PCP?
    Car finance: the early upgrade myth

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