I deal with finance and lease. PCP are now becoming a thing of the past especially now with the government on about electric vehicles.
If you only keep your car between 3 - 4 years look at at PCH ( Personal Contract Hire ) this allows you to replace your car without the added hassle of a PCP. You can put 1 months deposit down or up to 12 months deposit. It’s cheaper monthly payments than a PCP.
For more information visit my website and it explains in a bit more detail. |
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"I deal with finance and lease. PCP are now becoming a thing of the past especially now with the government on about electric vehicles.
If you only keep your car between 3 - 4 years look at at PCH ( Personal Contract Hire ) this allows you to replace your car without the added hassle of a PCP. You can put 1 months deposit down or up to 12 months deposit. It’s cheaper monthly payments than a PCP.
For more information visit my website and it explains in a bit more detail."
We are looking at this because it would be nice to get a new car every few years without the agro of having to sell it.
But I/we do keep car's for years the last one was 15 year's.
So a change of direction for us. |
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By (user no longer on site)
over a year ago
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If you are looking at a new car from a main dealership you can often get a really good deal by playing a few of them off each other.
I usually target the three closest and see who can get the lowest. My last quote started at £350 per month and finished at £250 with a low deposit. I negotiated them up to 12000 miles per year.
The mileage is only an issue if you are planning on returning it after three years which I do. Also if you stay with that brand they will often overlook excess mileage to get you into a new car.
I always try to look out for 0% finance deals. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
My understanding is PCP let’s you own a car you can’t really afford by putting a balloon payment and guaranteed buy back in 36-48 months but the buy back can be risky and you still pay a large deposit and excess miles can be expensive.
A better option IMO and what I do I buy cars
1-2 years old and keep them for 3-5 then trade then in. So if you spend 20K every 4 years and have to put in 6-8K each time that’s only £2K per year plus you always have an asset you own. If you need any credit use Sainsbury’s 2% rather than PCP at 5-10%. Do the financials and work it out yourself. PCH is also good if you are self employed and get 20% VAT off otherwise it’s not much better than PCH |
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By (user no longer on site)
over a year ago
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"Anyone do this?
How does one ensure a good deal?
Looking round most offer a milage allowance that's not very practical I mean who only does 8000 miles a year?
"
Mine was 10,000 over 4 years which is ok probably won't do that despite using it for commuting as in the summer I'll be using my motorbike.
Would have liked a bit more but it was a limited time 0% interest deal so went for it |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"If you are looking at a new car from a main dealership you can often get a really good deal by playing a few of them off each other.
I usually target the three closest and see who can get the lowest. My last quote started at £350 per month and finished at £250 with a low deposit. I negotiated them up to 12000 miles per year.
The mileage is only an issue if you are planning on returning it after three years which I do. Also if you stay with that brand they will often overlook excess mileage to get you into a new car.
I always try to look out for 0% finance deals. "
You are still paying £9,000 every three years plus deposits , and owning nothing. I know it makes sense to lease deprecating assets, but it sounds expensive , I pay 6-8k , no deposits and always have an asset I can sell worth at least £10k |
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Why not straight lease if the mileage is higher? I do 
