2into1
Née T4WFA. Now running 2006 LHD T5 SE 130 Manual
Super Poster
Lifetime VIP Member
(mods, please reassign this as appropriate, this was the best I could find).
I'm looking for a bit of understanding as to how pcp deals end, particularly in the pricing uncertainty expected due to Covid.
A good friend has a nice audi coming to the end of its 4 year pcp deal. She's loved it and would like to keep it (and has the resources to do do so).
Problem is, is that the balloon figure being quoted is higher than the market prices already out there, and potentially much higher than they may be in a couple of months. This is clearly not how things were meant to work, but diesel worries have obviously taken their toll on values.
There seems little point in paying the high balloon price when she could walk into an audi dealer and get its twin sister freshly valeted and with a years warranty for £500 less, or about £2k less if she buys non franchise.
Is she likely to be offered a last minute realistic offer to keep hold of it, or will she just have to hand it back, only for audi finance to take a huge hit when they are forced to auction it off?
Any thoughts and experiences appreciated.
I'm looking for a bit of understanding as to how pcp deals end, particularly in the pricing uncertainty expected due to Covid.
A good friend has a nice audi coming to the end of its 4 year pcp deal. She's loved it and would like to keep it (and has the resources to do do so).
Problem is, is that the balloon figure being quoted is higher than the market prices already out there, and potentially much higher than they may be in a couple of months. This is clearly not how things were meant to work, but diesel worries have obviously taken their toll on values.
There seems little point in paying the high balloon price when she could walk into an audi dealer and get its twin sister freshly valeted and with a years warranty for £500 less, or about £2k less if she buys non franchise.
Is she likely to be offered a last minute realistic offer to keep hold of it, or will she just have to hand it back, only for audi finance to take a huge hit when they are forced to auction it off?
Any thoughts and experiences appreciated.