williamalex1
Money List Winner
My wife is changing her car and has the option of paying the balance of £12500 by PCP instead of cash or bank loan. Any advice please.
What's the best options for buying a car
- Thread starter williamalex1
- Start date
Blue in Munich
Crocked Professional Yeti Impersonator
Depends what you intend to do with the car; my understanding is that PCP is designed for people who want to change cars every three years and keeps a ready supply of second hand low-ish mileage vehicles ticking over for the second hand market, a win-win for the dealers. If you are looking to keep it then PCP is probably not the best option.
One other thing to consider is the interest rates. I've recently been looking at financing a new motorcycle, where they are pushing PCP something rotten. Triumph would happily sign me up to a PCP deal at 9.9% whilst my bank keep offering me a loan at 3.6%. I know where I'll be going if I do it........
One other thing to consider is the interest rates. I've recently been looking at financing a new motorcycle, where they are pushing PCP something rotten. Triumph would happily sign me up to a PCP deal at 9.9% whilst my bank keep offering me a loan at 3.6%. I know where I'll be going if I do it........
Tashyboy
Please don’t ask to see my tatts 👍
Not goin off topic, but £12,500 could get you a nice car. The latest re VW is within the next few months, There will could be some stonking deals to be had.
williamalex1
Money List Winner
She has already picked an Audi Q3 , and is trading in her Lexus RX400.
chrisd
Major Champion
Bb
Hastings for a fight....... oh that was 1967!!
Hastings for a fight....... oh that was 1967!!
