Good morning, James. Normally, you can contact the financial company to ask them to recalculate your GMFV and pay payments to account for your additional mileage. At the end of the agreement, you pay more per month to cover the lower GMFV. Hey, Brian. I`m sure they can come up with a deal, but it`s probably an expensive exit from the Audi, because you`ll probably have a significant amount of negative equity to determine before you worry about a new deal and another deposit. I am currently 8 months into a 4-year PCP contract, I want to change my car because I can already annoy it! I spoke to the car dealership from where I brought the car from which I use an external financial company, and they told me that I was currently in about $1,400 in negative equity. What options do I have that don`t lock me up to make a lot of money? Would the dealership cover the negative cost of equity to keep my business by entering into another 4-year PCP contract for another car? If so, should I put a deposit on the new car? Or is it worth waiting longer before reducing my negative equity? Hello Stuart I currently have a PCp on a Ford Fiesta zetec 1.25 euros 260.81 per month, it just had its first service and I am a year into my contract. My question is that I want to change cars for a number of reasons, but not for financial reasons. The car is currently worth 8000 dollars (we buy each car) it is made 6800 miles. I just want to know if it`s worth changing, and I have nothing against removing a new PCp because they work for me.
Rachele. However, as the market became more competitive, the situation changed. More financial firms appear to have increased their GFV forecasts, while used car values have fallen on the same tie. This has kept your monthly payments a little low, but it has made it much less likely that you will have the deal at the end of the agreement or at any point during the agreement on the car. Hey, Stuart. Last year, I signed a 48-month lease of 285 $US. Unfortunately, my situation and my wife`s situation has become worse since then. The tenants requested 3,340 $US to terminate the contract. Is it likely that termination fees will increase or decrease for the rest of the period? The fees, when I asked a month ago, were actually higher. Unfortunately, my mother died, and I had to go back for another quote. Hello, Paul, I`m sorry I heard about your accident. Unfortunately, your accident does not change your PCP situation, since you still owe all the money to the financial company, as stipulated in the agreement.
You must ask the financial company for a billing figure (if you move in early, save the interest you would have paid for the rest of the term), and then you hope that your insurance payment will cover your compensation. If there is a deficit, you have to pay for it yourself.