PCP deals

[Jezzer99]

Very very off topic, but has anyone heard of anyone successfully negotiating to buy a car at the end of PCP deal for less than the guaranteed future value? There seems to be some benefit for the finance companies to do this but not sure if it's happening.

[Jimmyd]

It'll depend very much on the finance company and the case you put forward for making the offer. If it's a manufacture scheme the dealer will often not want you hand back either because they can end up with a charge back. I was a business manager in a dealership for 17yrs and have worked for a finance company for the last 3yrs and I can safely say that what wouldn't be possible a year ago is now!!!


J

[Jezzer99]

Jimmy - that's kind of interesting and supports the kind of logic I was thinking - which is why would the finance company want something back that they then have to get rid of at even more of a loss.

Any ideas what's in the realm of reality in terms of offers? Is trade price a reasonable offer? Or does it need to be between trade and the GFV?

[Jimmyd]

Is it a manufacture scheme/finance company? If so I'd try to get the dealer on side and let them make an offer you.

Do you know the trade price? If not PM me details inc reg and mileage and I'll get CAP values.

J