In regards to pcp balloons, rather than part exchange what are options available? Can you save out of you living expenses budget over the space of 3 years to put towards this?
I would like to avoid having to refinance at the end of my term.
You should only be able to save a few hundred pounds a year ( if that) from expenses. You can also save your half of overtime and bonus payments from work ---- unless you work a lot of overtime, I doubt this will amount to £3k (ish ) in three years.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
The chances are anyway that you would be unable to refinance at the end of the term - many companies won't.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk