Need Advice on PCP - new to this site!

[Northernsoul01]

Hi - apologies I'm new to this site and need some advice on my current 4 year PCP deal. I drive an Audi A5 coupe and are two years in. My job has changed and I'm exceeding the mileage by a huge amount - e.g. Pcp on 12k a year and I m doing 25k. Obviously that doesn't matter I guess unless I'm planning to hand it back. My worry is that I have so much negative equity in it that I will never get out of the situation, do I hang on for another year? Roll it over now? I'm unsure as my mileage isn't going to change. Sorry for the naive post but I just want advice - as I said new to this PCP world.

[Northernsoul01]

Thanks for the reply - yes I have gone in head first and it has annoyed me (or rather annoyed with myself). I feel like I am in a situation I can't get out of (I appreciate there are worse things happening in the world). So presumably avoid swapping the car until the four years is up?

[Northernsoul01]

At the end of four years I suspect I will have a car with 100k on it and whilst circumstances change I think i another two years I still will be doing 25k a year. I am not knowledgeable on diesel engines but I don't fancy paying for a car with 100k plus on it at the end of the PCP. It seems that paying excess mileage seems the best - I have estimated that to be £3.5k!!! That is why I wondered by swapping now with a higher mileage limit is a better option?

[Northernsoul01]

Hi AllyBassman - not so much a trap just that I genuinely don't know if the car at 100k plus will regularly do 25k-30k a year.

[Northernsoul01]

Thanks for that advice - a bit more reassuring. Much appreciated