You can charge for your PCP financing contract at any time and support the vehicle. However, fees and fees may be charged, so we advise you to contact your dealer for more information. In addition, you can exchange your vehicle for a new vehicle at any time, while updating your PCP financing contract on demand. We`re sorry to bother you, Stuart. Have you read your excellent articles. It seems that the “initial agreement” is the amount that more funds all interest. I have a PCP (Audi) where the initial purchase price was about 36825 dollars. $8,000 bail. The o/s amount after about 8 Mths is 27,800 USD.
The agreement stipulates that the termination fee is $20763! The GFV is $19,800. Unknowingly, I thought that a VT at $28825 (funded amount) 19800 (GFV) /2 -4512 would be the amount that must be repaid at a minimum. This would mean that the debt would be reduced to $24,313 to trigger the VT option. But apparently that is not the case. Does the agreement mislead me? Thank you. Shane Hi Will. If your PCP is at Audi Finance, you should be able to call it (the financial company, not the dealer) and ask them to increase your annual mileage allowance. This increases your monthly costs because it covers higher amortization, but reduces our negative equity if you want to sell. Hello Staurt I`m on a 4 year pcp contract for our Nissan Juke, it took in July 2012. I would like to update a larger car maybe a qashqai. Can I exchange it now? I looked at my colonies, and it was about $8,200. Or should I wait until next year, when the PCp is ready? In the short term, your options are not good.
If you want to change your car now, you need to remove your negative equity of $3,700 before you can take care of a deposit on your next car. This is mainly because you are in your agreement very early, and this should improve over time – if you can do something against your mileage. If the car is worth more than the remaining payments, you`d better pay billing figures to buy the car and then sell it, provided you can access the funds to do so. Good morning, Clare. Your car may be worth more than the billing figure, which means you can use any capital for your next car. Whether you sell better yourself the car depends on the condition of the car and the amount of time and effort you are willing to go through the process yourself.