★★★★★
Google
Second time of selling a car to this lad. Would recommend to any one to use him
Laura Thompson
in the last week
Lease or PCP ending?
Coming to the End of a Car Lease or PCP in Hexham
✓ We buy it as it stands, and collect it
At the end of a lease or PCP and not sure what you can do? The honest answer depends on which you have. If your PCP car is worth more than the final payment, that equity is yours, and we handle it.
Own recovery truck
Comes to your door, no fee
Paid before we leave
Instant bank transfer
V5C & DVLA sorted
We handle the paperwork
Free local collection
Hexham and the Tyne Valley
Coming to the End of a Car Lease or PCP in Hexham and the Tyne Valley
Coming to the end of a car agreement throws up a lot of questions, and the honest answer to 'can I sell it?' depends entirely on what you are on. A straight lease and a PCP are very different things at the end of the term. We will be straight with you about what you can and cannot do, and where there is value to be had, especially equity in a PCP, we will help you get it.
What you can do at the end of the term
- PCP: hand it back, pay the final balloon payment, or settle and sell
- PCP with equity (worth more than the balloon): that difference is yours
- Lease (PCH): it is a long-term rental, you hand it back, you cannot sell it
- Lease purchase / HP ending: you own it once paid, so you can sell it
- Business lease vehicles your company owns at the end
PCP: hand back, buy, or sell the equity
On a PCP, the finance company owns the car and you are the registered keeper. At the end you have three choices: hand the car back and walk away, pay the final 'balloon' payment (the Guaranteed Future Value) to own it, or, if the car is worth more than that balloon payment, settle it and sell, keeping the difference. That last one is the bit dealers do not always shout about. If your PCP car has equity in it, that money is yours, and we can settle the finance directly and pay you the difference. It works just like selling any car with outstanding finance.
A straight lease (PCH) is different: you hand it back
We will be honest, because it matters: if you are on a personal or business contract hire lease (PCH), it is a long-term rental. You never had the option to own the car, so you cannot sell it. At the end of the term it goes back to the leasing company, subject to their fair wear and tear standards. We cannot buy a car you do not own, and anyone who offers to is not doing you a favour.
Lease purchase, HP and business-owned vehicles
If you are on a lease purchase or hire purchase agreement, you own the car once the final payment is made, so from that point you are free to sell it to us. And if your business owns a vehicle at the end of a finance term, that is a straightforward business disposal we are happy to handle.
Where there's a car you can sell, we'll come for it
Across the Tyne Valley we settle any finance with the lender and pass on the equity, on the recovery truck if it isn't road-legal.
If you are on PCP and the car is worth more than the final balloon payment, that equity is yours. On a straight lease, you hand it back, and we will tell you so honestly.
How it works
1
Send your reg and a photoWe price it from what the car actually is, including the fault.2
We bring the truckWinch and jump pack as standard. Leave the car where it is.3
Paid before we leaveInstant bank transfer, and we take the V5C and notify the DVLA.Prefer to talk? Call us on 01434 400 444. Local and family-run since 2021, free collection across NE46, NE47 and NE48.
Common questions
Can I sell my car at the end of a PCP?
Yes, if there is equity in it. If your PCP car is worth more than the final balloon payment, you can settle the finance and sell it, keeping the difference. We deal with the lender directly and pay you the equity. You can also just hand it back or pay the balloon to keep it.
Can I sell a leased (PCH) car?
No, and we will be honest about that. A personal or business contract hire lease is a long-term rental, you never own the car, so it goes back to the leasing company at the end. We cannot buy a car you do not own.
How do I know if my PCP has equity?
Ask your lender for the settlement or balloon figure, then compare it to what the car is worth today. If the car is worth more, the difference is your equity. Tell us the figures and we will confirm where you stand.
Where can I sort out a PCP or lease-end car near me?
We are based in Hexham and cover the Tyne Valley and Northumberland, including Corbridge and Prudhoe. Where there is a car you are free to sell, we settle the finance and pay any equity, with free collection.
Who buys an end-of-lease or PCP car near me in Hexham and the Tyne Valley?
We do. We Buy Cars Hexham is a local buyer with our own recovery truck, not a national call centre. We buy an end-of-lease or PCP car directly: we come to your door across Hexham, the Tyne Valley and the wider North East, collect on our own transport if it will not drive, pay by bank transfer on collection with no admin fees, and handle the DVLA paperwork for you. Enter your reg for a free valuation first.
No obligation, no pressure
Tell us what you have. We will bring the truck.
Enter your reg or send a photo. Whatever is wrong with the car, we factor it in fairly and the figure we quote is the figure you are paid.
