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PCP CONTRACT END

Home Forums Car finance PCP CONTRACT END

This topic contains 1 reply, has 2 voices, and was last updated by Stuart Masson Stuart Masson 4 days, 2 hours ago.

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  • #173269 Reply
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    Dianne Paton

    My 4 year PCP deal is shortly coming to an end. Im currently looking at the different options available to me. I have visited several garages re part exchanging it with a brand new car, however there appears to be a £2000 negative equity on it. If I decide to buy my own car at the Final Baloon Payment, will the Finance Company negotiate on this figure, and come down a bit, as my car clearly isnt worth what the Baloon Payment is?

  • #174390 Reply
    Stuart Masson
    Stuart Masson
    Keymaster

    Hi Dianne. No, your final payment is simply what you owe to settle the outstanding finance. The actual market value of your car is irrelevant if you are paying the balloon payment to keep the car.

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