If you were to buy a new car in the next month or so would you pay out a lump sum to buy it outright or get a financing deal?
Would you get a loan? Hire purchase? PCP?
Would you get a loan? Hire purchase? PCP?
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"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk -
I wouldn't buy a new car.
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Depends on your mileage. Very high mileage and I would plump for HP and hand it back once it's worth less than you owe after the half way point.Originally posted by Jog On View PostBut I discovered nothing else but depraved, excessive superstition. Pliny the youngerComment
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I prefer to buy nearly new or ex-demo. I don't do finance.Comment
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If it is an asset that appreciates then buy it
If it is an asset that depreciates then lease itHow fortunate for governments that the people they administer don't thinkComment
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They have this covered with the cap and ridiculous charge for mileage over agreed limit though?Originally posted by Gibbon View Post'CUK forum personality of 2011 - Winner - Yes really!!!!
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Don't you end up paying the depreciation anyway, just spread over the term of the lease + interest?Originally posted by Troll View PostComment
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Not on a standard HP 1974 act. Dealers try to put people on 'negative equity' if they owe more than the cars trade in value.Originally posted by northernladuk View Post
I'm on my 4th and the last 3 have all been through Black Horse.But I discovered nothing else but depraved, excessive superstition. Pliny the youngerComment
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Generally, I would avoid paying rent or interest whenever possible.
Sometimes it cannot be avoided and each cases needs to be looked at, so buying a house with a mortgage is usually better than renting etc.
With personal car leases, you are usually paying a high charge for the credit and for the mileage etc, even though this is usually wrapped up in 'one simple, monthly fee'Comment
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