What is a PCP agreement and what are your options when it ends?
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- Опубликовано: 6 сен 2024
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Our founder David Bilsborough explains what a PCP finance agreement is and what your options are when it ends, rather than just trading your car in.
Hi, thanks for the vid. I’m still not sure what my options are. My PCP comes to an end in a few months. I did have a new car on order, but have cancelled this as i have decided to keep my existing vehicle. The balloon payment is about £18k & the resale is around £30k. I don’t want to sell the car so what are my best options to refinance? Thanks
My personal view is to scan the lending through online lenders. £18000 is a fair amount to get a decent deal on rate. Maybe go to three years maximum ideally two years if possible. David
@@CheshireCars thanks David-very helpful. Cheers
@@CheshireCars David, i meant to ask. Should i look for PCP online deals or an alternative?
@@pinterestexpress8870 I would suggest HP/Loan. Less interest. David
@@CheshireCars thanks again David.