James Plant
Registered User
Had my Q2 edition one for 2 years now on a pcp. I know how a pcp works in that as you get closer to the end the value of the car gets closer to what it’s worth. Now I sold a BMW M135i after 18 month into a pcp and only came out £700 short and it needed 4 new tyres so factoring in that probably more like £200-£300 short but my Q2 is coming in at stupid money. Paid £32,000 2 years ago and as it was a new model there weren’t many discounts but it should of been £35,000. 2 years in I’m getting valuations of £17,000 to just under £19,000. I owe £25,000 on it still meaning at best a shortfall of £6,000. I can’t see the depreciation slowing down that much that it will balance out in another 2 years and really wanted to get rid of it at 2.5-3 years. Thinking I might end up VT’ing the car after I’ve paid 50% as I do t think it will be worth even the GFV.