Getting out of a PCP deal?

[northandy]

On a nearly new low mileage car I would think a dealer would make an offer, it's not going to be 29k odd though.

[Blown2CV]

HumbleJim said:

Martin_M said:

Thanks, just curious.

Actually some will help. They will offer the car to their preferred supplier to purchase the car for cash.

Help AKA get you the worst bid ever.

[Evo141n]

Initially I thought this kind of deal was only available on new cars. But on visiting an Audi dealer the other day they offered a 'finance' deal on one of there used cars, i.e. 3 yo car pay deposit, then monthly payments for 3 years, after that car has guaranteed value, which you can buy or walk away.

So my question is, what is this called?, and where can I get best deals for buying a used car? thanks

[Blown2CV]

Evo141n said:

Initially I thought this kind of deal was only available on new cars. But on visiting an Audi dealer the other day they offered a 'finance' deal on one of there used cars, i.e. 3 yo car pay deposit, then monthly payments for 3 years, after that car has guaranteed value, which you can buy or walk away.

So my question is, what is this called?, and where can I get best deals for buying a used car? thanks

It's called a PCP!

[Evo141n]

Ok so I knew PCP was for new cars but needing to know if it was called something different for when financing used.

Anyway where's the best place to look for PCP deals on used cars? any PH recommendations?

Thanks

[valiant]

Evo141n said:

Ok so I knew PCP was for new cars but needing to know if it was called something different for when financing used.

Anyway where's the best place to look for PCP deals on used cars? any PH recommendations?

Thanks

I think virtually every main dealer offers this kind of financing on used cars. There's usually is a limit on the age of the car you're buying though (probably 3 years I reckon).

[Mattt]

Other companies can offer PCP, eg Oracle finance on certain used cars.