Yes my friend, do it. No bills for anything and as you say no depreciation. DO IT
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Visited Cardiff Audi yesterday and they have made a good argument that if you change your car anyway over 3-4 years, depreciation, finance etc makes it a no brainer for going new (as the bubble payment never gets realised)
On a side note, If this is the case when PCPing becomes more and more popular what happens to the ludicrious amounts of used cars that will be left on forecourts
Yes my friend, do it. No bills for anything and as you say no depreciation. DO IT
Better to Lease rather than PCP in my opinion. More freedom at end of deal and usually cheaper rates.
Phencyclidine (PCP), also known as angel dust, is quite dangerous, and I certainly would not recommend driving whilst under the influence.
Careful, you'll have the PCP brigade getting all uptight now.
From the little I know about PCP, I've always thought the biggest downside is how the car is valued at the end of the 'loan' period.
Spot on. They use it as a tool to entice you into a new deal. You will invariably have “equity” in the old car and they will want you to use this as a deposit on a new shiny car with the same manufacturer. This limiting your options.
You do of course have the option of just walking away and going to a different manufacture but that means walking away from equity that you have already paid for (by higher payments than a lease deal)
I pay the same for my car per month as I would have done on a pcp, albeit I'm paying for an extra two years. I didn't pcp as my kids will probably ruin the motor!!
Why don't you PCP a used car and get the good finance rate whilst dodging the hit you get from driving a new car off the forecourt?
It does grind when you think you basically burning money.
I have no plan to purchase my car at the end of the 3 years
When I visited a well know Newport car supermarket to look at used cars on a PCP deal , there was very little difference between them and leasing a brand new one.