End of PCP. What did you do?

Yea, as you say, exactly the same as me. I was told same thing by my dealer, in that some of the 252 offer were targeted at owners coming to end of their 3 year PCP deal and that they might do the same again next year.

I won hold y breath, but you neve know. Id be the same, if they give a reasonable contribution and I just have to add a few k at a low pcp %, I might stay with them. But have time yet, and I have ben saving some money on the side every month, so I have something to use come the time.

I’ll update in a few days, sensitive moment

I only went PCP because of the 0% finance, I'd have been happier with a smaller residual but it's looking like handing it back might be a consideration

you don’t know much about PCP

The ballon payment is only if you want to buy it outright. The price gov pay is often less than on HP. , but on HP you pay a larger deposit and more Monthly,

On HP you are exposed to depreciation and often dint get as good as a trade in deal as ok PCP.

The mikeage on PCP doesn’t apply if you to choose to pay the ballon payment. , when I started a new PCP. They ignored the mileage on the car. I had 90k klm on a 3 year old car

It's more like a rental agreement but with the option to buy the car at the end of the term, hand it back or trade it in and go again.

I could be wrong but I don't believe a lease agreement has any final balloon payment as you don't have the option to buy it at the end of the lease term. It's like a rental agreement where you hand the car back at the end of the lease term afaik.

Last Audi I bought Jan 24, I asked for finance and they arranged through BOI, I’m fairly sure the previous Audis were with VW Finance.

they gave me 24k for a an ID4 I bought for 32k. ( 2022 ID4 city)

They want people in new cars and willing to offer deals to people on PCP

Also 24K today, is of much lower value than 24K in 2022 given the rise in car costs since then.

I’m buying a car not currency speculation,
I used PCP my last 12 payments were on the year I changed

this is the best explanation I have found for explaining the options we have for when our pcp ends in June. This subject is definitely my “I don’t know what a tracker mortgage is” moment and the reason I’m following this thread.

Quick question on option 3 - when you start a new pcp , do you need another large deposit to do so? ID4 with 24k GFMV, paid a €10k deposit in 2023

My last car and current car i got via AIB personnel loans over a 5 year period, The original E tron i bought around July 2023 and paid it off October 2024. My reasoning for doing a 5 over just say a 3 year loan is to keep the monthly repayments as low as possible. Also not to leave myself open to any unexpected bills house repairs etc it also lets me throw lumps of the loan and reduces the interest I'm paying.

I more than lkely would have held on to the E tron only for the scare i got last year with the electrical malfunction warnings. Luckily it was covered by Audi but in the back of my mind i was thinking it could go at any time so shifted it on.

Current A6 E tron has a warranty till 2028 so will probably keep it to then, Again have that on a 5 year loan and it be paid off during the summer.

One thing I've noticed with Audi they try and get you on HP rather than PCP, So I'm assuming the garage makes a better% if they sell you a VWFS loan compared to a PCP one.

When it is time to change cars i will have a look at the PCP and do the maths.

How do they calculate the future price of a car? I know the user is limited to a certain amount of mileage. Just say i buy a 90k car and in three years time the value is about 50k yet the garage had the future price of 60k.

What happens there ?