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When is best to upgrade to a new Toyota?
Hi there, I tell you, I bought a new Toyota CHR hybrid in March 2018, and I was just wondering, when would be your recommendation to trade in or upgrade, in the most cost effective way? As of right now, I owe €24.000! I greatly appreciate your help,
Our answer:
Hi Bradley,
If you’ve done a PCP deal on the Toyota, then you can theoretically trade it in for something now, but you need to check there are no penalty fees for ending the PCP deal early and starting another. If you got a loan to buy the car, then you should still be OK, as 2018 Toyota C-HR Hybrids still fetch between €24,000 and €32,000 on the used market – so you’d just need to sell it, clear the loan and look at re-financing your new car.
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