PCP question

[DaGuv]

Just getting a bit confused. I recently ended a pcp deal on a Toyota. The balloon payment was 4700. I ended up selling the car back to the dealership for 4800 so made a ton. They settled the finance and gave me the ton. In the original finance deal I put 2500 of my own money down. Will I get this back. I may sound thick but I can't get my head around it. Thanks

[cuprabob]

No you won't get the £2,500 back. All you are due back is the £100

[cailean]

Nope. The £2500 deposit plus all the monthly payments plus the £4700 is the total amount paid (being amount lent plus charges/interest). You have in effect paid the final amount by selling the car.