PCP Advice

[mebebadman]

Hello,

My car has come to the end of its PCP deal and we have the usual options. The fee to purchase the car is £4,400. According to webuyanycar it is worth £500 more than that and we reckon £1000 - £1500 more if we sell privately.

We plan to buy my brothers mini for a good price so figured we should buy our current car then sell it privately to make a quick profit (or recoup some of the payments we have been making anyway).

But that just seems too easy - am I missing something here? Are there some hidden costs / risks I haven't taken into account?

Any advice much appreicated.

Dave

[kriswilson]

We've just recently went through this was an Audi. Was as simple as the final monthly payment being for the remaining amount

[rehab71]

mebebadman said:

Hello,

My car has come to the end of its PCP deal and we have the usual options. The fee to purchase the car is £4,400. According to webuyanycar it is worth £500 more than that and we reckon £1000 - £1500 more if we sell privately.

We plan to buy my brothers mini for a good price so figured we should buy our current car then sell it privately to make a quick profit (or recoup some of the payments we have been making anyway).

But that just seems too easy - am I missing something here? Are there some hidden costs / risks I haven't taken into account?

Any advice much appreicated.

Dave

No hidden costs, just pay the balance and the car's yours. Simple!

[mebebadman]

Sweet. Thanks for taking the time to respond - certainly gives me a bit more confidence!