Have you VTd a 5k mile PCP deal and gone over the mileage yet?
My current car is on 12k miles pa. Currently looking at changing cars though. Giving that I'm over 2½ years into my 4 year deal and with 27k on the clock they put me around £2000 in negative equity. If I'd taken a 5k mile deal would that make me better or worse off than at present?
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Exactly the same. You would have more negative equity (since the difference between the GFV, which was based on you being on 5k miles, and the trade in value, which is lower given you have done more miles, is larger), but you would of been paying less per month.