Re: 1M Akrapovic
I'd genuinely like to know how any original owners who bought a new 1M on PCP deals got on with their GFV's.
I assume at the time of the order being placed they would have a usual future value of say £13k after 4 years, and upon trade in time their car may have been worth £30k ish lol
Is that just a lucky case of quids in?? Or would the dealer still offer you a crap price and sell it out for £35k?
On a pcp you hand the car back to the finance company, the only time you would deal with a dealer is to trade the car in, at which point the gfv means absolutely nothing as you own the car and ask them how much they will give you for it, as far as they're concerned it's a standard trade in. If they offer you 30k then great, if they offer you less than the gfv then you'd just politely decline and hand the car back to the finance company.
Thats the beauty of pcp, gives you 3 options, and you can take advantage of whichever one suits you on this particular car.
of the past 3 cars I've pcp'd I've had 2 worth more than the gfv that I've taken the equity out of the cars for the deposit on the next one when trading them in, and 1 that was worth less, which is actually the better situation as you then haven't paid as much for the car.
so in reality you actually benefit just as much from it being worth less than the gfv, as well as being worth more, with it being worth more, you've already paid that money anyway, and are only getting it back again (which is certainly a nice feeling with it being worth more than you thought it would), with it being worth less you've saved money though and the gfv has worked for you.