PCP vs Cash when buying a car question.

[denso13]

Do you have the new model? How are you finding it?

No, got it last year. Hard to beat for the price, good spec, nice to drive, sits a bit higher on the road. I'd have another

 

[fillyboy]

Never in a million years would I have considered buying a Korean car but they look such good value.

I'd buy another one. Also I would rule out Dacia, their new 'Bigster' looks interesting, haven't seen one around yet.

 

[Deleted member 317777]

No, got it last year. Hard to beat for the price, good spec, nice to drive, sits a bit higher on the road. I'd have another

I’ve just had a Quick Look and they seem good value.

When we get rid of the Kuga I’ll look properly

 

[Mottie]

I’ve just had a Quick Look and they seem good value.

When we get rid of the Kuga I’ll look properly

Brother in Law who works for Ford is allowed two cars, one for him, one for his wife. He has a fully loaded Kuga at the moment and I mean everything on it. Rules are he must give them back and choose another once they hit 4,000 miles or are 4 months old. They can be sold off to relatives for about 60% of retail price which is a good deal if you wanted one but I just don’t like the look of them. To me, they hardly seem to have evolved much from the day they came out.

 

[blup]

.

 

[johnny2007]

I bought a new car 30 years ago, never again.
I can get a 4-5 year old car in mint condition for half price.
Bear in mind, I only (used to) buy Bag cars before the midget tax.
I now run a £500 focus I bought from a gipsy and loving the care free motoring: no service, no parking far away from other cars, no giving way to anyone and pulling every gear to the red.
Great engine though, so far I only spent £12 on it for a vacuum pipe.
BTW @Mottie , you were spot on about that pipe: as soon as I replaced it the coughing on low revs disappeared.

 

[accelerator]

I was talking about paying it off including any balloon payment and then it would be mine. This model has only been out just over a year, I don't want the older model. Most dealers are asking the same or more for a used current model (ex demo) than I can get a new one for!

I would find it extremely hard to believe that the total cost of acquiring a car via PCP would be less than buying the car outright to begin with. As PCP is a form of car finance it's highly unlikely to work out cheaper than buying outright in my view.

 

[ReganAndCarter]

I would find it extremely hard to believe that the total cost of acquiring a car via PCP would be less than buying the car outright to begin with. As PCP is a form of car finance it's highly unlikely to work out cheaper than buying outright in my view.

Agree. It will all be cleverly hidden in the figures. The free servicing, etc will be nothing of the sort. Think of PCP as long term car rental and you won't be far off the mark.

 

[diy_fun_uk]

When it comes to the 'I'd never buy a new car!' debate, I think it depends on the circumstances. I bought my car new in 2008 and got a reasonable deal on it. Did it depreciate a bit when I drove it off the lot? No doubt. I took it on a more traditional 36 month finance deal with sizeable deposit put down.

I still own it now, 17 years later, so 14 years of no monthly payments. If it gave up tomorrow there would be no shame to it. My rationale is even if it costs me ~£1k a year to keep on the road (which it hasn't so far but maintenance costs are obviously increasing) then it's still cheaper than owning a new(er) one regardless of how I'd finance it.

There again I also WFH so don't do nearly as many miles these days. That's another reason why I'd like to keep old faithful going as long as possible.

p.s. anyone who thinks they're genuinely getting 'free' servicing etc is at best misinformed

 

[Deleted member 317777]

Brother in Law who works for Ford is allowed two cars, one for him, one for his wife. He has a fully loaded Kuga at the moment and I mean everything on it. Rules are he must give them back and choose another once they hit 4,000 miles or are 4 months old. They can be sold off to relatives for about 60% of retail price which is a good deal if you wanted one but I just don’t like the look of them. To me, they hardly seem to have evolved much from the day they came out.

Ours isn’t the newest shape, it’s the face lift previous model. The Mrs loves it, it’s got all the bells and whistles, chain dive engine, goes like a scolded cat and returns 44 mpg.

It does look a bit blocky though.

 

[securespark]

We got the last car new. Honda FRV. Did 175K. Very little went wrong. Had it nearly 14 years by the time we sold it. Worked out well.

But some cars don't do such mega miles and go wrong at every turn.

 

[securespark]

Mottie

How much mileage would you do in the hybrid you propose buying?

Have you considered an EV?

Ours does a minimum of 200 miles on one charge. I'm sure it would do more if Mrs S wasn't so hoof-happy! It'll pretty much charge from 20-100% overnight at home.

It makes you giggle like a schoolboy away from the lights. Ours has 201 bhp, but the delivery is instant, no delay, and no tyre scrabble, no gear changes.

We are with Octopus and have an Ohme Home Pro charger, and we get overnight charging at 7p per kWh, but also, if we plug it in at other times, Octopus will decide whether we can have the cheap rate early, depending on demand.

Things get a little bit more awkward when going longer distance. You pay more at a public charger and you have to either plan to charge overnight, if your trip away is an overnighter, or wait while it charges up. The fastest we have charged ours from around 10% to 94% (for some reason, on a public charger, our car won't go past 94%) is 50 minutes.

It may also be a consideration for you, as until Christmas Eve, EVs are exempt from the congestion charge!

 

[Mottie]

How much mileage would you do in the hybrid you propose buying?

Probably 8-10,000 a year

Have you considered an EV?

Ours does a minimum of 200 miles on one charge. I'm sure it would do more if Mrs S wasn't so hoof-happy! It'll pretty much charge from 20-100% overnight at home.

No. I don’t think I’d ever consider a full EV until they have a longer range and can be charged quicker. I just like to pull in anywhere without all the advance planning, fill up and go.

It may also be a consideration for you, as until Christmas Eve, EVs are exempt from the congestion charge!

What congestion charge? If you are talking about the central London congestion charge, both our cars are exempt and have been since Khan expanded the ULEZ - even so, we'd never go up to London in our cars anyway.

 

[Brigadier]

No. I don’t think I’d ever consider a full EV until they have a longer range and can be charged quicker

200+ miles, then 20-40 minutes for the same again?

And how often?

Honestly, as Rory Sutherland says, the best advert for an EV is a two week test drive

 

[motorbiking]

Had the piece crashed at the time the other half would have bought an IPace instead of her X1. She only bought that because of the midget tax.