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Sell car during PCP

Home Forums Car finance Sell car during PCP

This topic contains 1 reply, has 1 voice, and was last updated by Stuart Masson Stuart Masson 4 years, 1 month ago.

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  • #65386 Reply
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    Martin Turner

    Hi Stuart,

    Im almost 3 years into a 41 months PCP. I want ideally to lease my next car and I have got my settlement figure.
    Do I have the option to sell my car privately and then pay off the pcp?

    Regards
    Martin.

  • #65391 Reply
    Stuart Masson
    Stuart Masson
    Keymaster

    Hi Martin. Yes, you should do. Have a read of this article about settling a PCP early.

    Some finance companies require the buyer to pay the settlement to them directly, rather than paying you and then you paying the settlement. Give them a call to discuss it before you advertise the car, so that you are aware of their requirements.

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