How strange, I literally just saw an ad for it on TV
If you get another car on pcp at the end of your term do you have to pay another deposit and if so around how much? Just wondering because its definitely something I'd be interested in later in the year or when the pandemic settles down, I've had my share of breakdowns and pcp would suit me as I'd always have a good reliable recent car
For me and my PCP, our car would be the trade in, so you literally just roll over to a new PCP contract.
Options are
A. Give car back.
B. PAY balloon payment at end of three year term. Mine is 14k for reference. Similar type car to grace.
C. Roll to a new contract. Our repayments were less by doing this.
But we decided to go with option A. Just for reference too, our repayments were 525 per month. I'd imagine hers were similar. Depending on her original trade in/deposit. Ours was low as we never had a car loan before and ran the older car to ground.
Edit.... Didn't go with option A as thats just stupid
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