I have never done a PCP and recently have bought daily drivers at 6 years old when the cars has done the majority of its piano down a shaft value loss and get rid of at 10 years old when they are worth buttons.
I know there is also PCH where you just hire the car for say 2 or 3 years and hand back to the finance company.
Therefore for those readers on the forum who have bought a £30k to £60k daily driver on PCP and taken it back after the term say 3 years what happens.
1 The dealer offers a trade in above the balloon payment and the difference pays for or makes a good dent in the deposit for the next PCP.
2 The dealer did not want to know as they are basically now front men for putting you on a PCP and advised you return it to the finance company.
3. Some other outcome.
My interest is that some dealers offer very low monthly payments in comparison to the notional new price of the cars and in these cases there is nothing to assist in paying for the next PCP deal that you would have had in the old days of HP after the full term.
Last edited by Eddie Cairns; 18/12/17 09:53 PM.
