Hi all
Seeing all the prices changes and configuration movements I’ve been wondering about the depreciation on my MX 90D and what happens at the end of my 4 year pcp in 2022.
Whilst I think i got a good pcp deal (at the time), inventory discount, 0% for 4 years, amazing trade in value. On the other hand, one could say I’ve got a dud pack (90) an odd driving option that’s not available (eap but not fsd) and a good I nterior (premium). Compared to the LR and Premium models/prices it looks pretty terrible value - I still love it ftaod.
I guess it comes down to the fact that the car will be worth less, probably a lot less, than the guaranteed future value. (EV price fluctuations was why I took a pcp with guaranteed future value).
So to my question-
What would happen then? Would the finance company negotiate a more realistic market value if I wanted to keep it to avoid the hassle of them taking it to auction etc? Ie can I keep it whilst they take the financial hit.
Cheers
Seeing all the prices changes and configuration movements I’ve been wondering about the depreciation on my MX 90D and what happens at the end of my 4 year pcp in 2022.
Whilst I think i got a good pcp deal (at the time), inventory discount, 0% for 4 years, amazing trade in value. On the other hand, one could say I’ve got a dud pack (90) an odd driving option that’s not available (eap but not fsd) and a good I nterior (premium). Compared to the LR and Premium models/prices it looks pretty terrible value - I still love it ftaod.
I guess it comes down to the fact that the car will be worth less, probably a lot less, than the guaranteed future value. (EV price fluctuations was why I took a pcp with guaranteed future value).
So to my question-
What would happen then? Would the finance company negotiate a more realistic market value if I wanted to keep it to avoid the hassle of them taking it to auction etc? Ie can I keep it whilst they take the financial hit.
Cheers