They reckon 11k in 4yrs if I do a PCP. PCP gives me more of a discount it seems, even if I pay it off with a tesco loan a day later.
I'm sure it was Peugeot giving the discount, not the dealer
If they do drop like a stone though, maybe keeping the car on a PCP is best. That way I know what's what. Imagine if in four years it worth £500
Yes it will be. Carwow will detail it, or go to the manufacturers site they will also give a PCP quote.
That site I linked above I used as well as the manufacturer site to check both came in similar on expected residuals. They did in all cases.
I had shortlisted about 5 cars at this point, Focus St3, TT, 308Gti, A class, skoda. I liked them all to different degrees, when I looked at the cost of ownership over 3 years the 308 got punted, it was way out of line.
What you need to do is look at cost / years you would own it. If you bought new would you run it for 5 years for example, but if you buy 1 year old only 4 years? What about warranty etc.
As far as paying off PCP, yes you need to withdraw from the agreement. There are some posts on here when I questioned it about 18 months ago. Its quite simple, you take out the finance to secure the manu deposit, then once you take delivery, within 14 days, you contact the finance company and say you want to withdraw. At that point they should stop interest, give you a settlement figure and confirm you have now withdrawn, its nullified as if it never existed at that point. You owe them the money.
No idea what they do if you don't pay, take you to court I assume.