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By (user no longer on site) OP
over a year ago
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guys
For those out there who may know a thing or yep to finance a new car a personal loan or PCP.
I've looked into both but PCP Serbs to be only did people who do relatively low mileage as its limited to 20k per year whereas I'm hitting 35k a year. |
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By (user no longer on site)
over a year ago
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0% Apr on a PCP loan, with a small initial payment is a solid entry plan if you want a new car. however remember that in three years you will need some additional capital to reenter the same range or better again .. |
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By (user no longer on site)
over a year ago
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"The only thing there's big mileage penalties up to .08c a kilometre which could become quiet excessive . "
In the real world however, unless your over by 10K a year, they usually fine you 1000, altho expect the same for scuffed alloys and paint work.... |
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By *oci1Couple
over a year ago
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They certainly do and you own the car from the day u take the loan
Also you can pay it off if you wish can't do that with a bank without penalties
Credit union definitely worth looking into  |
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Simply don't buy new if you don't do big miles. If you are a follower of reg plates you get screwed and not in a nice way. Buy a nice car where the big depreciation is already done,it's the depreciation that's the big cost in motoring
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If you are entering a car finance agreement buy on hire purchase, you are eating into the loan straight away, you will own the car at the end of the term its a lot flexible with less red tape, pcp doesnt suit everybody . |
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