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PCP Question

  • 01-11-2017 6:08pm
    #1
    Vudgie
    Registered Users, Registered Users 2 Posts: 862 ✭✭✭


    Probably a stupid question but I have never done it so bear with me!

    Is 30% of the value of the new car the max deposit/trade in that a garage will give you?

    If my current car is say worth more than 30% of the price of the new car what happens then?

    Thanks!!


Comments

  • #2
    Vudgie
    Registered Users, Registered Users 2 Posts: 862 ✭✭✭Vudgie


    Apologies....I now see the huge PCP thread:rolleyes:


  • #3
    Lantus
    Registered Users, Registered Users 2 Posts: 3,027 ✭✭✭Lantus


    All in thread but 30% deposit will give lowest monthly payment possible. After 3 years or less if you trade in sooner your monthly will likley increase significantly if no additional deposit is injected into the next deal.

    Generally the best strategy for max deposit is to buy car outright and use low monthly to save up as much of the gmfv as possible. Value of car over 30% is generally given back as cash.

    Highest deposit will reduce any interest payments as well.


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