PCP payment holiday
Discussion
So, lots of people clearly don't like PCP but I chose it as the best route for the vehicle I was buying, it gave me an exact cost over a given period and a way out at the end without resorting to SOR or chopping in for another car which I may or may not be looking for.
I asked if there was a payment holiday, not because I'm in any trouble but as I happen to like my new car a lot, I figured I might be able to 'extend' the term by a few months. After all two years is quick to fly by and I'm going to lose quite a lot of use this summer for one reason or another so an extended term would be welcome. Mortgages are on hold for people in trouble or not so why not car finance too, you can only ask.
Oh, and by the way I don't have a mortgage, no debt and cash in the bank as I've been one the prudent one's
but I still consider PCP a good route to buy depending on several factors i.e make of car, projected future value uncertainty and ease of disposal. But of course, each to their own.
My particular car depreciates like a stone and with the rise in volume of super cars being manufactured with many more being announced means uncertain residuals, main dealers not buying stock, unless for a low ball offer, even more so now, and I hate selling cars privately so for me PCP rocks!
I asked if there was a payment holiday, not because I'm in any trouble but as I happen to like my new car a lot, I figured I might be able to 'extend' the term by a few months. After all two years is quick to fly by and I'm going to lose quite a lot of use this summer for one reason or another so an extended term would be welcome. Mortgages are on hold for people in trouble or not so why not car finance too, you can only ask.
Oh, and by the way I don't have a mortgage, no debt and cash in the bank as I've been one the prudent one's
but I still consider PCP a good route to buy depending on several factors i.e make of car, projected future value uncertainty and ease of disposal. But of course, each to their own.My particular car depreciates like a stone and with the rise in volume of super cars being manufactured with many more being announced means uncertain residuals, main dealers not buying stock, unless for a low ball offer, even more so now, and I hate selling cars privately so for me PCP rocks!
Deesee said:
Negotiated a clients AMG Merc from 800 pcm to 150 pcm for the next 4 months, its half way through a 36 month business 'PCP'.
The finance houses are listening...
So, 46 pages in and someone's kindly answered my question.The finance houses are listening...
There has been some downright rude people chucking their weight about on here and considering I only asked a question, no hint of remorse from my part in having a pcp agreement, no need to have a break from it because I've overdone my monthly payments.Lot of people have jumped to conclusion so stuff off I say!
Deesee, thank you for a straight answer
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