So, my 48 month PCP expires at end of September.

I contracted the car on 60k miles, but have only so far covered 45k miles due to a change in my work pattern.

My balloon payment is just over 10k and I intend to keep the car, as it is in good condition and cost to replace on a like for like basis is exorbitant, and much as I like the look and value of the Elroq, I'm not ready yet for the EV "experience"

Has anyone had a dealer quote to finance the balloon - i.e. interest rate against maybe adding warranty/service offer?

Unfortunately my local dealer is Citygate in Watford and they are just a large, fairly impersonal "machine".

Thanks for any input.

Cheers, John.

Look at a bank loan as interest rates are lower (don’t do a car loan)

Use one of the Conpassion sites

Look at a 3rd party warranty that covers the same as a ŠKODA warranty,

Get your figures and then maybe make ŠKODA an offer.

You should be in a good position as the car should be worth more than your balloon balance as your mileage is lower (maybe get a quote to sell on motorway) as that might be an incentive to change

If you want to stick with dealer servicing Yyou could take the Skoda All In cover for basic servicing, MOT, Roadside and Warranty.

It does mean exposing yourself to the dealer's upselling tactics at each service.

Elected to finance Mine, Halifax did a decent rate.

Get a couple of valuation quotes, eg Motorway and we buy your car etc. (You are not going to sell it to them, but need to compare the value to your balloon payment)

If the value is higher, then if you sold it straight away and settled PCP finance, then would pocket the difference.

If it is other way round, and balloon is more, then logically let the finance co take the loss, but if you want to keep it then you are at no loss enquiring if your PCP provider will let you buy it for less than the balloon (This was stated in an above post, get the figures and try making an offer).

Assuming you want to keep the car, then as others have said use a comparison site to get best loan rates (moneysupermarket, compare the market etc). Note that sometimes rates are stepped depending upon amount borrowed (and often costs more in total amount due back if just below a threshold, so step up to next tier with lower interest). You can use multiple enquires of different amounts or payback periods on an indication (don't make multiple actual applications) if not yet sure how much you want to spend per month, or how quick you want it paid off.

Be very wary of any consolidation type loans, some people are daft and only worry about amount per month, forgetting to check total amount with interest to be repaid. Adding it to your mortgage and still paying for the car in 20 years time when mortgage is still running is stupid. I would suggest never set a car loan that lasts longer than when car is 8 years old, you don't want to be still paying the car loan when you have eventually got rid of the car.

Edited 28 July, 202528 Jul by SurreyJohn

Thanks very much all for your replies.

I did get a re-finance quote from VWFS but interest was 9.9% APR.

I will just get a personal loan to cover most of the balloon payment - seen rates of around 5.8%

Cheers, John.