What happens with PCP if I move abroad?

If one takes out a PCP plan and has to relocate to another country, what happens to the car and payments?

Felicity MacDonald (Ballydehob)

Nov 2015 Filed under: finance

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Expert answer

Hi Felicity,

With most PCP plans you can simply hand back the car and walk away - the value retained in the car is supposed to be sufficient to clear the finance amount. Of course, then you have no asset to trade in at a later stage. You'll also need to check the fine print on your PCP agreement - there may be a time limit as to when you can hand back the car and clear the loan.

Neil Briscoe - Complete Car Adviser
@neilmbriscoe