PCP Finance Question

[ddubya]

Hi,

A simple finance question this! When purchasing a Scirocco on PCP and at the end of the term when hopefully you still have some equity in the car that you can use against another one, do you have to use that towards another PCP deal or can you use it towards say a HP agreement or even a cash purchase?

thanks

[ayeaye]

Any equity is yours to do what you like with, so it would be used towards the purchase of a new vehicle whether cash purchase, straight HP or a new PCP deal.

[ddubya]

Thought so, but wasnt sure!

thanks for that!