Dan Masoomi
Registered User
- Joined
- Aug 20, 2015
- Messages
- 43
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- Location
- Liverpool
- Website
- www.danmasoomi.com
I'm looking at a PCP deal for an 2013 3.0 Quattro Audi A5 Black edition 242 BHP. Black 54k miles
the car is just under £22,000 I'm paying a deposit of 2k
Monthly payments are about £390 over 47 months which is a total of £18,330 + 2k deposit
I was told my final guaranteed future value of the car will be around £9000 - this is my question
I'm just confused as what happens then? I don't usually buy cars this way and wonder at the end will I be left with my pants down?
do I have to pay the £9000 at the end if I want to keep the car? even though I've paid almost the full amount at the end of the 47 months.
If I want to exchange the car which I will probably do, is the £9000 negative equity I have to pay on top of the money I've already paid or is this positive money I can use to use as a deposit for another car?
any advice would be great I've looked it up on the internet but the last bit just aint making sense to me
Thanks again
Dan
the car is just under £22,000 I'm paying a deposit of 2k
Monthly payments are about £390 over 47 months which is a total of £18,330 + 2k deposit
I was told my final guaranteed future value of the car will be around £9000 - this is my question
I'm just confused as what happens then? I don't usually buy cars this way and wonder at the end will I be left with my pants down?
do I have to pay the £9000 at the end if I want to keep the car? even though I've paid almost the full amount at the end of the 47 months.
If I want to exchange the car which I will probably do, is the £9000 negative equity I have to pay on top of the money I've already paid or is this positive money I can use to use as a deposit for another car?
any advice would be great I've looked it up on the internet but the last bit just aint making sense to me
Thanks again
Dan