Quote:
Originally Posted by nordberg
I disagree, there us absolutely no guarantee you will have equity in the car at the end of the deal.
I had the same dilemma. PCP worked out around £700 extra over the 3 year term. My GFV looked OK at the time and I figured it was 50/50 on the equity front. However, 18mths down the line and things look less favourable.
I think it's wise to go into PCP deals with the assumption that the GFV is going to do nothing other than protect you from negative equity and any other outcome is a bonus!
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Didn't say there was a guarantee, you can guarantee only one thing;
BMW finance do not want to be owed £12k for a car only worth £11k. PCP GFV are overly cautious. 18 months into a PCP you will be in negative by some way, this doesn't indicate anything about the GFV.
What is your car and your GFV at the end of the 3 or 4 year term?