Buying a car - how do you finance?

[AtW]

What kind of contractor are you?

Overweight 'Walter Mitty fantasist' on benefits

HTH


Karen Buckley killer Alexander Pacteau was a 'Walter Mitty fantasist' | Daily Mail Online

[scooterscot]

Overweight 'Walter Mitty fantasist' on benefits

HTH


Karen Buckley killer Alexander Pacteau was a 'Walter Mitty fantasist' | Daily Mail Online

Not as bad as a permie then.

[FatLazyContractor]

Not as bad as a Scot then.

FTFY

[BrilloPad]

I just run it through the company under "Miscellaneous". My accountant signs it off and HMRC approves it.

In your case, I think you mean "buying a bicycle"....

[FatLazyContractor]

In your case, I think you mean "borrowing a bicycle"....

FTFY

[BrilloPad]

5175....

[NorthWestPerm2Contr]

So it's 10 years since I last bought my car and it's time to get another. The missus's is about 6 years old.

In the past I've always bought it outright, but today was going through finance with the garage when they talked about PCP, whereby they give you a price guarantee in 3 years if you trade in.

Apart from the APR on the deal, are these 'price guarantees' any good or am I better buying outright?

What does the panel do?

surely PCP on a new car is a bad idea.

I got a year old BMW 3 series. had 13k on the clock and 35% off the new price. Who would be silly enough to pay that 35% depreciation I have no idea?

[minestrone]

Whatever you get offered it will be below the trade price that the car would be at in 3 years, they will take that off you and sell it for more than the retail price whilst getting a profit on your new car, they will also get commission on your new loan on that new car.

You are getting fecked on every leg of the deal.

[MarillionFan]

70k is a lot for a car. So it worked out at 20k down' payments of 880 per month and a value of 31k in 3 years.

I don't know if that's a good deal?

[AtW]

70k is a lot for a car. So it worked out at 20k down' payments of 880 per month and a value of 31k in 3 years.

I don't know if that's a good deal?

It's a very good deal for the seller...







31k out of 70k after 3 years is very high depreciation.