PCP End Options

davB · Dec 8th, 2017, 09:33

As explained in my other thread my 2 year PCP deal ends in April 2018. I called Santander and talked through my options.

1. Confirmed that the final payment was as expected with no extra charges - although it is in May and will be taken as one lump sum if I don't tell them otherwise.

2. I can refinance for just one more year - the monthly payments stay the same and the final payment gets reduced. But it will be at a new rate of 8.9% APR so I pay them about £1,740 but the final payment only falls by £190!

3. If I decided on the new XC40 which might arrive at the end of May they can extend the PCP by a month or so with a reduction in the final value.

Must admit Santander were very helpful and happily answered my silly questions.

Tannaton · Dec 8th, 2017, 14:52

That's simple then:

Option 1 if you keep it

Option 2 if you are drunk

Option 3 if you upgrade

If you don't have the readies to hand for the final payment - take out a o% credit card whilst you can still get them and then set up a standing order payment so you close it with regular, equal payments.

Good to hear about a finance house that was helpful and sensible.

Dec 8th, 2017, 09:33	#1
davB Junior Member Last Online: Jul 21st, 2023 17:48 Join Date: Apr 2016 Location: abcd	PCP End Options As explained in my other thread my 2 year PCP deal ends in April 2018. I called Santander and talked through my options. 1. Confirmed that the final payment was as expected with no extra charges - although it is in May and will be taken as one lump sum if I don't tell them otherwise. 2. I can refinance for just one more year - the monthly payments stay the same and the final payment gets reduced. But it will be at a new rate of 8.9% APR so I pay them about £1,740 but the final payment only falls by £190! 3. If I decided on the new XC40 which might arrive at the end of May they can extend the PCP by a month or so with a reduction in the final value. Must admit Santander were very helpful and happily answered my silly questions.

Dec 8th, 2017, 14:52	#2
Tannaton Bungling Amateur Last Online: Today 10:46 Join Date: Aug 2014 Location: Beverley, East Yorks	That's simple then: Option 1 if you keep it Option 2 if you are drunk Option 3 if you upgrade If you don't have the readies to hand for the final payment - take out a o% credit card whilst you can still get them and then set up a standing order payment so you close it with regular, equal payments. Good to hear about a finance house that was helpful and sensible. __________________ 2011 XC90 D5 Executive 2003 C70 T5 GT 2012 Ford Ranger XL SC 1977 Triumph Spitfire 1500 1976 Massey Ferguson 135

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