Win Win 2019 Vantage Deals.

[jonnyfox]

Cheap to finance and if I sell today big money back. Having said that, great ownership experience so I'll probably get a second term deal done soon.

What are the thoughts of you guys in the same boat....car

[anonymous-user]

jonnyfox said:

Cheap to finance and if I sell today big money back. Having said that, great ownership experience so I'll probably get a second term deal done soon.

What are the thoughts of you guys in the same boat....car

Was there something in the PCP agreement that meant you didn't need to reach the 50% point to VT it, or pay the outstanding finance in order to sell it? The little I knew of those deals, was that only 20% or so of the car was being financed, the balloon payment was high due to the GFV being overestimated, and the monthlies and term being too low and short to reach 50% during the period (that was quite common for PCP at the time, the FCA has since stepped in to sort out such things).

I expect to refinance the existing amount owed, the monthlies will likely go up a smidge because GFV's aren't great currently:

24 months: £64k
36 months: £55k
48 months: £50k

Those figures are based on late 2019 car currently at 5500 miles, at £107k.

Edit: I had a brain fart - you weren't referring to the Christmas 2019 'sale' I'm guessing? In which case, the above waffle doesn't necessarily apply.

Edited by anonymous-user on Friday 25th June 11:07

[jonnyfox]

Yes it was a 2019 deal. I popped a little more in which reduced the balloon (and monthly) significantly. I was 1k in negative equity back in Feb, I'm now 15k in positive equity both on trade in and WBAC. To refinance the car is 2/3's of what I'll paid over the last 2 years. Incredible. Blessed.