PCP Finance

[Liam40]

Hi Everyone,

I’ve got a question I need answering please!

If you got a car on the PCP Finance scheme from an independent car dealer and you were at the end of your term (36/48 months) and you wanted to get a new car and trade in the one you had on the PCP but the independent dealer didn’t have a car that you liked, what would you do??

Thank you,

Liam.

[GaryPL]

33 minutes ago, Liam40 said:

Hi Everyone,

I’ve got a question I need answering please!

If you got a car on the PCP Finance scheme from an independent car dealer and you were at the end of your term (36/48 months) and you wanted to get a new car and trade in the one you had on the PCP but the independent dealer didn’t have a car that you liked, what would you do??

Thank you,

Liam.

Assuming you don't want to take out a loan and buy the current car?

Surely that is very dependent on your circumstances.  If you can afford to be without a car whilst you get the one you want, walk away. Presumably if the car is worth more than was budgeted for in the original agreement, you will get something back to put down on the next motor?

And if you can't afford to walk away without a car, try and see whether the dealer can source it and lease the current vehicle whilst they do their thing?  Most dealers will be able to find the car you want.

[Liam40]

16 hours ago, GaryPL said:

Assuming you don't want to take out a loan and buy the current car?

Surely that is very dependent on your circumstances.  If you can afford to be without a car whilst you get the one you want, walk away. Presumably if the car is worth more than was budgeted for in the original agreement, you will get something back to put down on the next motor?

And if you can't afford to walk away without a car, try and see whether the dealer can source it and lease the current vehicle whilst they do their thing?  Most dealers will be able to find the car you want.

Thank you Gary for your comment!

Its a small independent dealer, but it’s where I bought my present 54 plate Focus 1.6 10 years ago on the 17th of this month, so for me being loyal to them as my next car will be my 3rd car from them, they might try hard to get the car that I won’t next.

I read about your Trust Ford experience. Absolute shoddy dealershiping from them! You must be a very very patient man to keep perseveraning with it. 

Liam.