If your car finance is coming to an end during the COVID-19 crisis, you should contact your lender to find out what your options are. Have your contract details to hand to save time. It is also worth contacting the dealership that supplied the car in the first place – although showrooms are closed, many dealerships can still be contacted by phone or online. Depending on the type of finance agreement you have for your car, the options are likely to be similar to what they would be without the COVID-19 crisis. For a
PCP (personal contract purchase), this means you can either return the car, buy it outright or swap it for a new one. If you want to buy the car outright, it is likely you’ll be able to do that without needing to visit the dealership.
Returning the car, or swapping it for a new one, will be more challenging during the lockdown. However, a dealership or your finance lender will be able to help you find a solution, such as extending your current contract until current restrictions are eased. Whatever option you settle on, bear in mind that it’ll need to be carried out online or over the phone.