Friday 19 October 2018

'I need a car to fit our baby's buggy'

 

New Volvo V40 R-Design T5
New Volvo V40 R-Design T5

Aidan Timmons and Motoring Editor Eddie Cunningham team up to help readers make the right choice with their next car. Aidan visits dealers all over the country to produce a monthly guidebook on the values of used cars. He is co-editor of Motor Trade Publishers, who supply a car-valuing service to the motor trade, insurance companies and finance houses. Eddie is author of former best-seller 'Clever Car Buying'

I have a Volvo 161 V40 on PCP, 28,000kms, 10,000kms/year. Not as comfortable as previous Audi A4. I now have a baby girl and there is no boot space. I can barely fit the buggy in, never mind shopping. Don't want to spend any more on a new car but am happy to continue to pay €350/month and hopefully use the equity in the car as the deposit on my new one.  My questions are:

1.Because of PCP am I limited to Volvo? 2.Will I have much equity - enough for a deposit on a new car? Or will I have to add to it? 3. Do I have to buy a new car or can you buy good secondhand cars using PCP? 4.Does it make more sense to try to sell the car myself, pay off the loan and hope to get more money for it rather than giving it back to the dealer? 5. If not limited to Volvo what cars would you recommend for me? I like the Audi Q3 or maybe a Madza3 or 6?

Aidan/Eddie: PCP does not preclude you from switching brands. It is impossible to tell if you have equity as we don't know what size deposit you had to begin with. However, you will probably have to pay something as the equity amount should be most mature at the end of the loan agreement. Early recycling of PCP contracts is certainly a possibility but it's on an individual basis. Talk to you dealer and look at the Volvo S60. Or find a Volvo dealer with multiple franchises and get a price on another make and model.

Help us help you

We love getting your enquiries and try to reply to as many as possible here or via email. The ones dealt with here often represent a cross section of individual questions. You can help us help you with our free, independent, advice by including the following in your queries:

* Budget (including trade-in).

* Annual mileage (in kms).

* Size of car required (number of seats).

* Present car (make, model, year and mileage) if relevant.

ecunningham@independent.ie

Indo Motoring

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