End of car PCP term?
Discussion
Hi all!
I know some peoples feelings about PCP, but it was the best option for us on our daily driver (well wifes car really) etc etc
So, it's the end of the 3 years in Nov, but we haven't heard anything from our dealer (Alfa), is this normal, or is it on us to get in touch with them about it?
The car we currently have is a Guiletta Sprint which was a 'special edition' with a few fancy bits and a bit more power than base, and we loved it. But there is nothing similar in looks or power in the current range that particularly tempts us, we'd have to spend a bit more each month to get something a bit similar. So, is there usually any 'negotiation' with the dealer on monthly payments so we can get something a bit more higher spec and pay similar to what we pay now or do they usually not shift on price? I know my father has done similar with his car in the past but wondered if this was the norm?
I'm also wondering how easy (or difficult) it is to stop the PCP with Alfa and swap to another manufacturer? Would you have to 'buy' the car and then sell? Can you PX with the next dealer?
Finally, what condition do you have to usually hand the car back in? It's in pretty good condition for its age and just normal wear and tear! Do they expect it to be in 'valeted' when handed back or just as it is?
Thanks for any help!
I know some peoples feelings about PCP, but it was the best option for us on our daily driver (well wifes car really) etc etc
So, it's the end of the 3 years in Nov, but we haven't heard anything from our dealer (Alfa), is this normal, or is it on us to get in touch with them about it?
The car we currently have is a Guiletta Sprint which was a 'special edition' with a few fancy bits and a bit more power than base, and we loved it. But there is nothing similar in looks or power in the current range that particularly tempts us, we'd have to spend a bit more each month to get something a bit similar. So, is there usually any 'negotiation' with the dealer on monthly payments so we can get something a bit more higher spec and pay similar to what we pay now or do they usually not shift on price? I know my father has done similar with his car in the past but wondered if this was the norm?
I'm also wondering how easy (or difficult) it is to stop the PCP with Alfa and swap to another manufacturer? Would you have to 'buy' the car and then sell? Can you PX with the next dealer?
Finally, what condition do you have to usually hand the car back in? It's in pretty good condition for its age and just normal wear and tear! Do they expect it to be in 'valeted' when handed back or just as it is?
Thanks for any help!
Swapped our Fiesta 2/3 through our PCP contract for a new MINI on PCP and it was pretty straightforward.
Agreed a price for the new MINI, agreed a trade-in value for the Fiesta and then MINI sorted out the difference and paid the finance company (Ford). So effectively one month we were paying the Ford monthly, the next we were paying the MINI monthly. (plus a cash deposit on the MINI).
I gave the Fiesta a proper clean before we initially went to MINI (ie. before any deal agreed), but didn't bother when we went back to swap the following month. I imagine they'll do their own valet before putting it on the forecourt (or just punt it on elsewhere if they don't want it themselves).
The only thing to consider in your situation is it will probably be less hassle to sort out something before your current PCP expires, as I'm assuming Alfa will either want the car back or payment the day your deal expires.
HTH
Agreed a price for the new MINI, agreed a trade-in value for the Fiesta and then MINI sorted out the difference and paid the finance company (Ford). So effectively one month we were paying the Ford monthly, the next we were paying the MINI monthly. (plus a cash deposit on the MINI).
I gave the Fiesta a proper clean before we initially went to MINI (ie. before any deal agreed), but didn't bother when we went back to swap the following month. I imagine they'll do their own valet before putting it on the forecourt (or just punt it on elsewhere if they don't want it themselves).
The only thing to consider in your situation is it will probably be less hassle to sort out something before your current PCP expires, as I'm assuming Alfa will either want the car back or payment the day your deal expires.
HTH
Just give them a call and see, if they can offer you something you might like so that you might not lose your deposit in the first place (if your current car did not depreciate that much.) They would give you a new car, and you can continue paying monthly depending on the car.
If you are simply stopping your PCP, contact for voluntary termination. They will send you the details. If the car is clean/no damge, and no more mileage than what agreed, should not be a problem. I've left my daily VW a few months ago, pcp, very easy process. Had a bit over-mileage but did not cost that much.
If you are simply stopping your PCP, contact for voluntary termination. They will send you the details. If the car is clean/no damge, and no more mileage than what agreed, should not be a problem. I've left my daily VW a few months ago, pcp, very easy process. Had a bit over-mileage but did not cost that much.
PCP doesn't mean you're tied to anything.
If you have to hand it back in November, or pay the balloon to keep it, then you need to get a move on.
You might have left it too late.
This is what they rely on, customers leaving it till the last minute and then having no choice but to hand the keys back or start again with a new PCP.
If you want to order a new car you should have been considering lead times, normally you do it 6 months ahead and tell the dealers you will collect on the day your current car goes back.
If you want a new car now you only have 4 weeks or so, that doesn't leave much time for it to be built and shipped.
I would call tomorrow and ask for a settlement figure, you can then see what WBAC etc. are offering for it, or what private sales are going for, if you have some equity get it sold and start again with whatever you fancy.
Or go and trade it with someone, could be Alfa, could be anyone.
It really is that simple.
If you have to hand it back in November, or pay the balloon to keep it, then you need to get a move on.
You might have left it too late.
This is what they rely on, customers leaving it till the last minute and then having no choice but to hand the keys back or start again with a new PCP.
If you want to order a new car you should have been considering lead times, normally you do it 6 months ahead and tell the dealers you will collect on the day your current car goes back.
If you want a new car now you only have 4 weeks or so, that doesn't leave much time for it to be built and shipped.
I would call tomorrow and ask for a settlement figure, you can then see what WBAC etc. are offering for it, or what private sales are going for, if you have some equity get it sold and start again with whatever you fancy.
Or go and trade it with someone, could be Alfa, could be anyone.
It really is that simple.
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