Its nearly time to say goodbye...

[eldar]

I'll have had my Mustang for 2 years at the end of April. I'd bought it new, PCP with the plan to keep it

But, I don't plan to keep it. It just isn't quite as fun as Id thought it would be. Nothing wrong with it at all, it just doesn't quite gel.


Thus at the end of the lease I can either give it back to Ford, or pay and keep it. My question is - Is the purchase price worth paying and maybe selling privately, or just hand it back?

2 year old 5.0 GT auto, 6,000 miles.

[Bearintown]

Depends on the figures obviously, but there's a lot for sale ,so unless its quite reasonable it could be a tough sell in order to come out on top.
Just chuck it back at em and move on I say

[djc206]

Get a settlement figure and work out the best option. It’s likely at that point you have a reasonable amount of equity so handing the car back is likely a very poor move.

Just to clarify you do have it on PCP as you mention lease which would be PCH?

I sold my mustang to webuyanycar as they offered the most money, had £7k of equity in it at a tad over 2 years with a lot more miles than yours has on it.

[eldar]

Purchased from ford credit for £23500 a month early, went to WBAC for £27200 3 days later.

Sorted.

[djc206]

eldar said:

Purchased from ford credit for £23500 a month early, went to WBAC for £27200 3 days later.

Sorted.

For future reference with a PCP you could have just sold to WBAC and they would have settled with Ford Credit for you and given you the £3700 difference.

[eldar]

djc206 said:

For future reference with a PCP you could have just sold to WBAC and they would have settled with Ford Credit for you and given you the £3700 difference.

I didn’t know that, thanks for the advice