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Moving abroad. What to do with car on PCP finance?

scrotist · 2023-09-08 21:13:25

I got a new Dacia Sandero last year, July 2022. The price was around 20k. I paid a 7k deposit. One year and one month's worth of payments done so far - roughly €166 a month. I may move abroad for work for a couple of years. What are my options of getting rid of the car? All ideas are on the table.

Options

08-09-2023 10:13pm

#1

scrotist

Registered Users Posts: 155 ✭✭

Join Date: August 2023

Posts: 112

I got a new Dacia Sandero last year, July 2022.
The price was around 20k.
I paid a 7k deposit.
One year and one month's worth of payments done so far - roughly €166 a month.
I may move abroad for work for a couple of years.
What are my options of getting rid of the car? All ideas are on the table.

0

Comments

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#2 08-09-2023 11:04pm
User1998

Registered Users Posts: 5,984 ✭✭✭

Join Date: September 2019

Posts: 5963

A dealer or car buying company can clear the finance and pay you the balance at the same time.
A private seller can do the same thing, but its less likely.
You could clear the finance and sell it privately but it wouldn’t be worth the hassle in my opinion.

0
Options
#3 08-09-2023 11:08pm
chrisd2019

Registered Users Posts: 456 ✭✭

Join Date: February 2019

Posts: 455

https://www.boards.ie/discussion/2058312899/moving-abroad-what-to-do-with-car-on-pcp-finance

Read your PCP contract, it should address the process for early termination.

1