[Mrklaw]

Not strictly Bmw but I hope the principle would apply to Bmw pcp too.

Our second car is a Suzuki swift - on a pcp 0%, £167 per month over 42 months, £999 deposit. We just hit the voluntary termination point and the wife isn’t that keen on the car any more so wondering what to do

1) VT now and walk away. Would save the remaining 6 payments so around £1k
2) trade the car in - according to Parker’s I should get around £6,800 trade in, and there is £5900 remaining to settle the finance
3) wait it out and then walk away. We aren’t likely to go Suzuki again - if there is money on the car do they give you the cash or does that only apply if you’re trading in and staying with the brand?


It feels like (2) is the best option but should I settle personally now (I have the funds) or will any trade in dealer settle as part of the deal?

If there is a little money to be had now, will that improve as I get closer to the end date - I.e. should I settle ASAP or any time during the run up to the end date in June next year should be fine?


Also any recommendations for cars around £150pm with £1000 deposit would be good. Has to be an auto which adds to the cost a bit. Currently looking at fiat 500, Mazda 2, Nissan Micra, Toyota Aygo, possibly smart forfour

[330XDave]

If you're after a new car and have equity in your current car then any reputable dealer will part ex your current car and use any money left after paying the finance off as part of the deposit on a new car.

[ZeroFx]

Why not see what you can get private for it. Cost you a few quid to advertise it but might end up a grand better off than trade. Trade in usually sucks for value

[Wills2]

Option two looks good IF you get the trade in you want at the dealer you want to buy another car from, without it adversely affecting the deal on that car.

I'd also look at a straight sale and then look at what you want.

[M2Andy]

Stick the reg in webuyanycar and Evanshalshaw which will give you a good guide on what you’re likely to be offered in part ex at a good dealer.
If you’re set on another new car then keeping the existing one until handover can save a lot of hassle.

[NotGotABimmer23]

Don't VT it if its worth more than the finance outstanding, that's pretty obvious and akin to throwing money away.

A trade in would be the easiest option but you are likely to get the worst deal. Sell privately and buy the new car separately will lead to the best deal but the most hassle.

[Mrklaw]

Originally Posted by M2Andy

Stick the reg in webuyanycar and Evanshalshaw which will give you a good guide on what you’re likely to be offered in part ex at a good dealer.
If you’re set on another new car then keeping the existing one until handover can save a lot of hassle.

Thanks. WBAC saying £7105 which is pretty good.

[isleaiw1]

Originally Posted by Mrklaw

Thanks. WBAC saying £7105 which is pretty good.

So assume 6500 to 6700 by time they have found flaws, they have a zero wear and tear allowance at WBAC it appears.

Popular car and price point privately, so get it up for sale private at c£7250 and see how it goes..

[Goneinsixtyseconds]

I wouldn't bother with the hassle of a private sale, at that value it's not usually much money you make extra.

I'd trade it in. But, I wouldn't tell them anything about having a trade in until I'd hammered them down to the best price for the new car. At least then you'll know what they offer you for your trade in is a real price, with no smoke and mirrors with your purchase.

Seat Ibiza FR is a good car at about that price.

[thescouselander]

you could always try companies like wizzle or tootle. Wizzle got me an extra £1500 over WBAC when I recently traded my old car - I was very happy with that.

[DB118D]

On point 3 - you won't realise any equity unless you sell or PX

Handing back or VT means you're walking away from the equity in the car