Can I keep PCP, but with a different car make?

Can you renew a PCP at the end of the term but transfer to another car brand? If so can you transfer the GFV as a deposit for the new car with the other manufacturer? And if this is possible how is the bubble payment settled with the original car company?

Many thanks.

David McLoughlin (Shankill)

Nov 2019 Filed under: finance

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Expert answer

Hi David,

Generally speaking, the answer is yes. Most brands will be keen to poach a buyer from a rival, so they’ll work out how best to transfer your GMFV across to a new deal, and in most cases the finance company will take care of all the details. Do make sure you read any agreements carefully, though, to make sure that the Ts&Cs are the same.

Neil Briscoe - Complete Car Advisor
@neilmbriscoe