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 http://foggy.blogs.iva.co.uk
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