Hi. I've got around 6 months to go on an existing 42 month PCP agreement, having put down a £6k deposit through the sale of an old car on a Superb L&K which was originally up for £23k. I'm paying £260pm at the moment and want to move to a Kodiaq SE 5-door 2.0 TDI around Xmas and have booked a test drive in the next week. What is concerning me at the moment is the potential deposit I might have to drop on the new car (not having any significant savings) and the potential equity left in the current car. WIth the emissions scandal, i'm not sure what the valuation is going to be. I'm doing around 11k a year in it and it's in pretty good nick for a 14 plate with 35k on the clock.

 

I'm going to my local dealer in the next week or so for a test drive, but if and when the conversation turns to money and a new contract, what can I expect them to offer. Do they just use the Skoda finance calculator to come up with a quote?

 

How could I potentially work out the equity in the current car in advance. Will different garages give different valuations? What can I expect? Some guidance would be really handy.

Edited 29 July, 20178 yr by Auberne

I'd get in touch with Skoda first and get a settlement figure on your car and then have a look online to see how much your current car is worth,then you will know if your in negative equity or not.

 

i recently traded in my old mk2 Fabia vrs (which had 5months left on pcp) at first my dealer offered me £7500 p/x which was top book price for my car.  But after a bit more negotiations they gave me another £500 because the sales manager really wanted my car, so you never know the dealers might have figures to meet and may do anything to get your sale.