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PCP Final Value / Payment

BlackEdelweiss · 2023-02-02 10:30:16

In a PCP deal, are you better being offered a high or low final value / ownership payment? Obviously low is better if you want to buy outright at the end and high is probably better if you plan to turn it over into a new finance deal on a new vehicle. Is there anything else that should be considered in this figure?

02-02-2023 10:30am

#1

BlackEdelweiss

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In a PCP deal, are you better being offered a high or low final value / ownership payment?
Obviously low is better if you want to buy outright at the end and high is probably better if you plan to turn it over into a new finance deal on a new vehicle.
Is there anything else that should be considered in this figure?

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Comments

#2 02-02-2023 10:35am

ELM327

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High final payment means lower monthlies but you'll have less equity when trading in, or you'll have more to pay off when you buy it and pay the balloon.
The only advantage to the consumer of a high GFMV is the lower repayments.

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