I entered in to a TD in May 2018 and at that point I thought I had a car on PCP but it wasn’t .. it was some sort of loan agreement and was basically put in to the trust deed. The car was valued at £4150 odd pound so basically £3000 was put into the TD and the other £1150 odd will be paid off by the trust deed going on slightly longer than the four years (hope I make sense so far). Basically at the time I asked if it meant I could sell the car (as it’s too small for our needs now) and they said it would be fine to sell but If I sell the car for the valued amount (4150) and buy a car for say 3000 then the 1150 would be required following the sale as it’s surplus.

My problem is what if I can’t sell the car for it’s value (and also the fact it will have lost value by now as cars are always losing value) .. does that mean I’d have to sell the car to buy a new one but make up whatever I sell it for under what it was valued for in the TD (£4150 odd) I hope this isn’t too confusing to answer!