Hi all,

query regarding PCP deal and the mileage limit.  Let's say you have a 10k a year limit each year for a 3 year deal so overall 30k miles.  If you go over, its x pence per mile.

Question is, do you have to stick to 10k miles per year or doesn't it matter as long as at the end of the 3 years your not over 30k miles?

Thanks

Kev

It only matters at the end

Great news, thanks for the reply.

Kev

And even if you are over don't worry. your car is worth more than the MGFV so if the dealer or Ford Credit want to moan just sell the car to we buy any car dot com and pay off the finance, you'll get more money anyway that way

ah great thanks, let's hope its the same when i'm nearer the end of the 3 years 🙂

Kev

Just now, kev2011 said:

ah great thanks, let's hope its the same when i'm nearer the end of the 3 years 🙂

Kev

Just remember, one thing you should never do is hand the car back and walk away. If you don't want a new car with them, sell it yourself and pay off MGFV

ok thanks, if I was to get another car through with them, should I trade it in/px or still sell it myself and then buy through them again?

Thanks

Kev

Yes, PX is OK as you always get more money than MGFV, just never hand back. That's when mileage comes into it

ok so don't hand car back at the end and take another, buy it then trade in or sell else where.

Thanks

Kev

You can part e/x, they'll give you the difference between the GMFV and what the car is worth towards your deposit on the new one

36 minutes ago, kev2011 said:

ok so don't hand car back at the end and take another, buy it then trade in or sell else where.

Thanks

Kev

No, you don't need to buy it to trade in against another car, they just give you the car's value less the settlement figure (payments left + MGFV).

You only need to sell it yourself if you want rid of it (hand back) as Ford will only give you MGFV less mileage and damage.

ok thanks all 

Kev