My Mercedes-Benz E-Class Estate was an ex-hire car - will this affect the resale value be affected when I return it at the end of the PCP deal? | Ask Honest John

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My Mercedes-Benz E-Class Estate was an ex-hire car - will this affect the resale value be affected when I return it at the end of the PCP deal?

I bought a Mercedes Benz E-class Estate from a main dealership that I have dealt with in the past. I was unaware that the car (10 months old, 14,000 miles) was an ex-hire car until the logbook arrived. I've purchased the car on PCP with the first service having been done by the dealer just before I picked up the car. On first driving the car the AdBlue sensor went and was repaired under warranty. Will the car's value be affected when I return it at the end of the PCP deal? Also, should I be concerned that something has already gone wrong and consider returning it within the 30 day policy?

Asked on 20 February 2017 by alpineangel

Answered by Honest John

Fortunately it's on a PCP, so the value at the end of the PCP contract is guaranteed. If you don't want to keep it and you return it in good condition you can simply walk away. If it turns out to be worth more than the guaranteed value you can use that equity to negotiate another PCP or pay off the guaranteed value and re-sell the car yourself.

Tags: buying and selling pcp resale value ex-hire

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