PCP buy the car or bail out?

Our PCP ends in November this year. Our mazda2 1.5 Sport 5 door will be 3 years old and will have done 18k miles. The conditions of the PCP were 24k miles. The final payment is £5k. Should we plan to buy the car or keep it? I enjoy driving it and am now using it as our main car. I feel that if we give it back, the finance house will get the benefit.

Asked on 26 July 2012 by Andrew B

Answered by Honest John
Sweet car. Great to drive. A 59 reg with 34k miles still trade books at £6,425 and November is only 4 months away. I'd pay the £5k and keep a car you like.
Dear Honest John,

Please help me choose my next car. I would like it to have:
    Select a few terms below
Similar questions
Due to an expanding family it is time to get a larger car, preferably 7 seater. The current 0% finance offer from Toyota seems attractive on the Verso range and the car looks very attractive in the 2.0D...
My old banger was written off recently and now I need a new car. My situation is I don't (currently) have a drive or garage, I get the train to work everyday but I do need a car to get to the shops and...
I am thinking of leasing a small car to take me to work each day (a few miles) and it will be rarely used for longer journeys. Handling, performance and kit are important over street-cred (I'm 33 and not...
Related models
Enjoyable and fun to drive with economical engines. Feels well built. Ride quality was improved for 2011.
 

Ask Honest John

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 10% on GAP Insurance

Use HJ10 to save on an ALA policy

See offer