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handing back a car on PCP - VW/Skoda finance

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Old Apr 19th, 2018, 12:13   #21
Grimble
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Last Online: Feb 4th, 2019 17:54
Join Date: Jun 2016
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Quote:
Originally Posted by StuT4 View Post
i asked Volvo for a PX on my Skoda.
it came back at £14000 @ 30 months old based on an unseen valuation.
WeBuyAnyCar came back at £13600.
Finance o/s is c.£16000.
GMFV next may (42 months) is £12078.
List price was £31000, but i managed to get it for £29000.

Its a no brainer to ditch it now. i was gobsmacked that its lost approx £500 per month since i've had it. At the time of the sale they said customers almost always have equity in the car to go into the next deal..... hmmm...at this rate its unlikely to be worth the £12000 in 12 months time!

I've priced up a lease on a V90 and that equates to £330 per month for 8000 miles, with premium metallic, plus i reckon i'll need to pay another £13per month to add another 2000 annual miles, so £340 ish for a £40k list price car v's £500+ for a £31k. looks like another no brainer.
I only went for the PCP as i thought i'd have a bit of an asset with a bit of equity at the end - silly me!
Its like a casino, the house always wins.
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