Anyone on a PCP vehicle contract and considering changing vehicle?

If so, beware dealership tactics atm.

Increased used car prices mean that there is likely to be value in your vehicle right now - assuming of course it's in decent condition. Sytner BMW have been pursuing me for several weeks suggesting they'd let me exit my current deal a year early and I could get into a new vehicle. My car is being serviced today so I agreed to have a chat.

I should say that based on extensive research over the last couple of weeks I know that I could buy the car outright right now, immediately sell it and make somewhere between £4.5k and perhaps up to £8k. The problem of course is that I'd more than likely have to invest all that into my replacement given the market. Anyway, this morning they made a big deal of allowing me to get out and they'd offer me £1.8k for it. I politely declined.

I've talked to two friends who've recently had a similar experience so was expecting something like this but was surprised (maybe I'm naive!) at how much they wanted to take out. Had they offered even £4k I think I'd have considered it.

Anyway, if any of you are on PCP and due to change - beware the tactics of Sytner and I suspect many other dealers right now!

 

If you’re near the end of a PCP, check the agreed value to purchase. Then check webuyanycar etc.

In some instances, it’s worth buying the car and selling on straight away to make a profit.

Better still, speak to Mark at Triple M motors in Wombwell. He’ll settle the finance directly and give you the difference.