Audi end of PCP options

[vkurup]

The PCP deal on our 2L A4 runs out this month. It is an 'affected' diesel car. So am weighing up the options
The street value of the car is about 12kish. The PCP end of letter says that they will take 13.5K at the end of the month. Other than the VW scandal, it has been a fairly good car. It is due on its MOT and will need to replace 3 tyres + bits and bobs so will need to budget about 1K.

1) Given the VW scandal, will the finance company accept a lower offer?
2) Is it cheaper to finance elsewhere rather than extend the loan? any suggestions
3) Dump it and move to another set of wheels? Thinking equivalent Beemer 3 series

Need to decide this weekend, thoughts on a postcard

 

[Rooter]

Option d. Drive it out to the country, set it on fire and claim it's been stolen. Jobs a good un!!

 

[happyhacker]

Option 3. So long as within agreed mileage and car looked after, then hand it back.

You could finance final payment elsewhere but why would you effectively pay £13.5k for a car worth £12k? If you want to keep an Audi hand that one back and buy same car for cheaper.

Re Audi taking less money, I would say you have more chance of the lotto tonight!

 

[Del_Boy]

Option 3. So long as within agreed mileage and car looked after, then hand it back.

You could finance final payment elsewhere but why would you effectively pay £13.5k for a car worth £12k? If you want to keep an Audi hand that one back and buy same car for cheaper.

Re Audi taking less money, I would say you have more chance of the lotto tonight!

Option 3 but get a 3 pointed star

 

[vkurup]

Option 3. So long as within agreed mileage and car looked after, then hand it back.

You could finance final payment elsewhere but why would you effectively pay £13.5k for a car worth £12k? If you want to keep an Audi hand that one back and buy same car for cheaper.

Re Audi taking less money, I would say you have more chance of the lotto tonight!

How does that work? can i get the same car back?

ps: finally bought a lotto tkt for tonight and feeling good about it.. the whole audi thing might be a thing of the past, the Mclaren is on the list..

 

[williamalex1]

I would ask them to re assess the cars value due to the VW carry on. The Audi Q3 my wife was going to buy has dropped from £23000 down to £21000.

 

[happyhacker]

How does that work? can i get the same car back?

ps: finally bought a lotto tkt for tonight and feeling good about it.. the whole audi thing might be a thing of the past, the Mclaren is on the list..

No, you'd just be buying a different Audi for less money! If Audi take car back they'll likely auction car off to trade.

Re Willams comments, unfortunately its not the car value that the figure he owes is based on. Its just the amount outstanding on finance. Therefore less than that amount = actual loss for VWFS (Audi finance provider).

 

[woody69]

Our Q5 is up in June. Also affected by the VW stuff, but TBH I'm just going to ask to keep it and refinance. It's either that or try and sell in advance, pay off remaining finance and walk away with any profit. If there is none and we can't come to a reasonable agreement on extending the finance I'll just hand it back and walk away. Not interested in paying the balloon payment.

 

[Ethan]

I wouldn't pay 13.5k for a 12k car. Keep your 13.5k and buy a 13.5k car.

Make then an offer of 12 or 12.5k if you are attached to it (emotionally rather than physically).