Pants
Challenge Tour Pro
"The fact is a large number of people see a car as status symbol, need a specific badge (RR, BMW, AUDI as examples) and need a new one every 3 or 4 years when in reality there is no need all these 3 and 4 year old cars will last another 10 years no problem with minimum costs and no loan needed or pcp payments just service them and deal with issues as they arise. The amount of money saved would be significant. The saved money can be used to save towards property, invertment or retirement but nope, 3 years up need a replacement. Additionally for many they cannot now aford to buy the car outright and instead return it and start the treadmill over again, one they will never get off.
I mean if you pcp your first car at 21 at £250 a month for 3 years, then upgrade to £300 for 3 years and then move to £400 for 10 more, then 25 years at £450 and 8 years at £300 that would take you to 70 years old and a total cost of £223,500 and of course for most there will be 2 of you in that relationship - That turns in to £447,000 for never owning anything."
A bit like mobile phones then
I mean if you pcp your first car at 21 at £250 a month for 3 years, then upgrade to £300 for 3 years and then move to £400 for 10 more, then 25 years at £450 and 8 years at £300 that would take you to 70 years old and a total cost of £223,500 and of course for most there will be 2 of you in that relationship - That turns in to £447,000 for never owning anything."
A bit like mobile phones then
