I have ordered a BMW with an AP of £4k. Currently I have a BMW 2 Series Sport on PCP. Can I part ex this with the dealer to either cover the AP or get something out of the equity of the balance o/s? I have just under 2 years left on PCP having paid 50% (2 years already). Obviously I’ll get a Settlement figure from the finance company. Appreciate any advice offered.
Yes, it is possible, albeit that is if the dealership wants your current car!
They are not under obligation to do part exchange on a Motability sale, but many will do it as it is a relatively easy and cheap source of a vehicle for them to sell on for profit. Plus they will get the fixed amount for the Motability sale.
Just ensure that the deal they are offering is enough to both clear all outstanding finance and provide you capital towards/for the AP of your Motability vehicle.
It may also be worth examining other possibilities such car buying services etc so you have a comparator to the deal being offered by the Motability dealer.