Thousands of drivers who bought cars on hire purchase face 'negative equity'

[Moscow Mule]

Don't you just give the car back at the end of the PCP agreement if you don't want it? Aside from the monthly payments there shouldn't be anything else to repay.

That's how it works AFAIK. Ex bird bought a new car like this some years ago. If the car is worth less than they guaranteed it would be worth, you just give it back and buy a similar car for cheap...

[expat]

That's how it works AFAIK. Ex bird bought a new car like this some years ago. If the car is worth less than they guaranteed it would be worth, you just give it back and buy a similar car for cheap...

That's right. Which means that having got the car on this contract (rather than outright purchase with or without credit) is not a problem, but a lucky escape.