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GFV higher than price dealer is offering for my car?

7.5K views 10 replies 7 participants last post by  purephase  
#1 ·
I have a 2 Q5 s line plus that will be 3 years old in July and am looking to change for a new one.
However the dealer I did the deal through has come back with a very low value for my car- this month it is just over the GFV for July set 3 years ago but they are suggesting no new car until September it will then be under GFV.
How is this possible when the whole purpose of PCP is you have some residual to put down as a deposit ( it is under mileage and in immaculate condition) and the value they have give in around 5 K under the same spec cars they are selling on the audi website currently.?
It is one affected by the emissions fiasco so I wondered if this is why and is there anyone else who has had this and been able to secure a higher value?
Its the first time doing PCP and they positioned it at sale time that you wouldn't definitely have a higher value than the GFV when changing over or I would not have gone with PCP.
Any advice welcome?
 
Discussion starter · #5 ·
Thanks all, that is very helpful. Clearly naivety on my part on the fact that they assured me PCP would mean the value at end would be higher than the GFV leaving a ' deposit' for next car... and never having done PCP before..

Figures are as follows.

3 year PCP ends in july with GFV ÂŁ22099. 2L TDI s line plus with extras like memory seats, hill hold, heated seats but I know extras don't help with value so that's not unexpected. Mileage under at 27K

Dealer valued car at ÂŁ23K this month ( this week this came in) dropping to ÂŁ21800 in September - when they could deliver a new car ordered now ( I presume they extend the PCP till they can deliver) so by July likely to at or under GFV.

Have advised selling it privately will get a lot more but I didn't think that was possible with finance outstanding- who is going to pay that without me clearing finance first...?
Bearing in mind it's a diesel I also wonder if that will be a disadvantage given it's one of engines in dieselgate....

However looking at the other responses it seems it isn't just me in this situation....