So yeah, I'm the idiot! :)
I've spent the best part of 4 months looking for my "perfect" used car now. It isn't happening, so I'm casting an eye at buying new.
I get the idea of PCP and what/how you pay, but I'm stuggling with what happens at the end... If I put down a big deposit to keep payments low, it looks like I'm essentially paying around £16k to either get a much smaller deposit or b***** all back (if I give it back and walk away after 3 years). This doesn't seem like a good deal to me - I'd rather pay £16k now and keep the not-quite-so new car for 10 years before I'm left with b***** all.
While I'm moaning, how the hell did 2.5-year-old cars get so expensive in 9 years? I paid £9k in 2007, the equivalent now appears to be a minimum of £14k! Clearly there's been no recession in the used car market...
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