premmington
Member
- Messages
- 5,641
- Location
- Norfolk
I generally do PCP on new cars...works for me as I buy them at the end of 3 years. The deals worked well when interest rates were low...in my opinion the end of contract option has value.
If I hate the car...if it's value falls too quick then just hand back and walk away. In financial speak I have a put option.
My Hyundai Tucson...all in cost was around £28k...current value after 4 years is around £21k ....these are exceptional times though!
At the moment rates and prices are too high for me so I'll wait a while.
Wait till market settles is the right thing to do! Markets do change - they do...
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It sounds like I am anti PHP/PCP/EVS/PHEVS - I am not!
"you spends your money and takes your choice"
I just am not a new car buyer - I got plenty of money - I just don't buy new cars
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I got three cars taxed and on the road at the moment - I lend them to customers at my garage - I load dogs into my estate car. I am soon to tax another one - I just put a clutch into - as I am busy and short of loan cars for customers.
But for the daily 1.3mile trip to work in the summer I use this - a modern C90.... 150mpg £22 a year tax - speed limits which ever way I go to work is either 20/30/40mph and the traffic is vile in the small market town I live in.