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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Repayment on Car After PCP Deal

Hi, I have owned a Fiat Panda for the last four years and next month I have either to return the car or apply to carry on the PCP deal. FGA refused my application to continue with deal and I now have £1500 to find to be able to keep the car.

I need the car for my job and it is due to cut backs and expenses reduced I have ended up in this predicament. My question is would CarFinance247 loan me the £1500 to repay my PCP?

Posted by Linda Mawdsley on

Answer.

Hi Linda, thank you for your question. As a company we can re-finance payments at the end of PCP deals which will enable you to keep the car. If you applied and got approved we'd pay FGA direct to clear the finance. Is the car in good condition currently? Also can you prove your income and do you have any current clean credit? Kind Regards, Edwin

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