Hi everyone,

Is there a service to check current market value of the car on a PCP finance agreement and compare it to the PCP settlement figure? Thereby working out whether I'm in negative equity or positive equity?

Obviously for the majority of the PCP finance agreement it will be negative, but on my last deal (Audi S3 2010) I found that I was in positive equity almost a year prior to my agreement ending! However I discovered this too late and the amount of remaining equity had reduced significantly - I still upgraded though I would of had a larger deposit if I had traded in 10 months earlier...

Audi had told me that I was part of their "key for key" programme that did this for me, though they never got in touch! Then again I guess it's not in their interest.

I want to sign up for notifications or something that periodically checks the equity on my behalf? Does this exist? Am I the only one who thinks this would be useful?!

Thanks for reading,
Cheers,
Jack