PCP questions
I am trading in my three year old Peugeot Partner Tepee 1.6 e-Hdi ETG for a brand new Partner Tepee Blue HDi with the same automated manual transmission and it is on a PCP plan.
It's the first PCP I've had and although I'm comfortable with the various terms and conditions, one question i'm hoping you can help with.
At the end of the four year term, I know I can pay a lump sum and keep the car, swap it for a new car on a new PCP or return the car and walk away.
Although I'm a huge fan of the Partner, my query is if i don't fancy another Peugeot, can i take it to, for example, a Ford dealership and use it to start a PCP on a Ford or would i have to take it back to the Peugeot dealer?
It's the first PCP I've had and although I'm comfortable with the various terms and conditions, one question i'm hoping you can help with.
At the end of the four year term, I know I can pay a lump sum and keep the car, swap it for a new car on a new PCP or return the car and walk away.
Although I'm a huge fan of the Partner, my query is if i don't fancy another Peugeot, can i take it to, for example, a Ford dealership and use it to start a PCP on a Ford or would i have to take it back to the Peugeot dealer?
Asked on 16 July 2016 by tjbantam
Answered by
Honest John
You would have to pay the GFV to keep the car. You would then be free to use the car as the deposit on another PCP. You could not transfer any theoretical equity in the car to another dealer, and there may not be any equity left in the car anyway.
Tags:
buying and selling
Dear Honest John,
Please help me choose my next car. I would like it to have:
Please help me choose my next car. I would like it to have:
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