sunscreemer
Back with the 4 rings
- Joined
- Feb 7, 2010
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- 676
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Hi guys, wonder if any of you have experience of lump sum payments into a PCP...
Basically i've got a bit of negative equity in the PCP and feel the best way to address this is to make a lump sum payment into my PCP so that I can do a deal on a new car with a neutral value trade in and in the meantime (as will be looking at maybe 4-6 months before any new car is ready) i will make some savings on interest.
There appear to be a few options as to how any lump sum payment affects the PCP. Any advice on what they may be?
Basically i've got a bit of negative equity in the PCP and feel the best way to address this is to make a lump sum payment into my PCP so that I can do a deal on a new car with a neutral value trade in and in the meantime (as will be looking at maybe 4-6 months before any new car is ready) i will make some savings on interest.
There appear to be a few options as to how any lump sum payment affects the PCP. Any advice on what they may be?
