Company car/Own PCP Vehicle

Honest John Back Room » Motoring discussion
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Sat 30 Jun 2007 12:17
Company car/Own PCP Vehicle - crimsonavenger
I've recently been promoted at work which enables me to get a company car.

Done all the figures and financially it works out a lot better for me. So I have 2 options. Give the car back as I have paid 50% of the PCP or payoff the remainder of about £8700.

Currently I have a 54 plate VW Touran which I got a Glass's Valuation on as below :-

Trade in - excellent: £ 10,800.00
Trade in - average: £ 9,730.00
Trade in - below average: £ 8,660.00
Retail price: £ 12,500.00
Private Sale price: £ 10,800.00

The car has a full VW service history and has been well looked after. Question is, is it worth the hassle to get the few hundred quid of equity as such in the vehicle.

Please tell me if what I am thinking is nonsense or whether its worth it ?

Many thanks in advance :)



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Sat 30 Jun 2007 12:23
Company car/Own PCP Vehicle - Altea Ego
According to your figures, there is at least £1k of equity in the car. Check out ebay, see what they are going for on there. 2nd hand tourans tend to fly away.

Third option, can you get a cash option in leu of company car? take that and run the touran to lease end.
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TourVanMan TM < Ex RF >
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Sat 30 Jun 2007 14:06
Company car/Own PCP Vehicle - crimsonavenger
Thanks for the reply.

Ebay - wondering how much it'll cost in terms of fees OR reserve fees ? - I'll go check it out thanks.

I can take cash but its a straight choice, take it now for 3 years OR choose a car now. Nothing in between.

I personally think 1k is worth the effort :)
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Sat 30 Jun 2007 17:55
Company car/Own PCP Vehicle - Bill Payer
What sort of price would the supplying dealer offer you, as a straight buy?
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Sat 30 Jun 2007 18:40
Company car/Own PCP Vehicle - crimsonavenger
No idea, I guess I would be getting very near the £8700 - so I hadn't really considered this as an option.
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Sat 30 Jun 2007 22:44
Company car/Own PCP Vehicle - rtj70
Are you 100% positive the cash option is for three years? Our scheme is take the cash and you can change your mind on each anniversary. Or you take a car and have it for 4 years or 80,000 miles whichever comes first.
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