Coming to the End of a Car Lease or PCP in Hexham
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.
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 to get a firm offer
Enter your registration in the box above and add a couple of condition details, or call us on 01434 400 444. We come back with a human-reviewed offer, usually the same day. If you accept, we agree a collection slot, bring the right kit, pay by instant bank transfer on the day, take the V5C and photo ID, and notify the DVLA before we leave. 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?
Can I sell a leased (PCH) car?
How do I know if my PCP has equity?
Where can I sort out a PCP or lease-end car near me?
Enter your reg for a free valuation. Whatever is wrong with the car, we factor it in fairly and the figure we quote is the figure you are paid.