Please Please Help - Personal Loan vs PCP Citroen Deal

ChumLee

neil.woos wrote: »

Like you... The general public doesn't actually know what a proper Engineer is. No, we aren't mechanics (an we aren't the boiler repair men or the guy who fits your Sky TV box; they're actually technicians but that's another matter) and we never really did much 'hands on' practical work. Most of our modules were mathematics/physics and computer science based modules. All theory.

And FYI A LOT of engineers go into finance/investment banking, though mainly attracted by the money. Our numerical skills (something you seem to lack) are highly valued in the financial industry.

Well no one will argue against you being a merchant banker. :rotfl:

martinthebandit

Personally OP I would always buy a car rather than lease it. I think the sting in the tail for all the lease type things is the excess mileage and repair charges for minor bodywork damage at the end of the contract. As long as you have factored in these additional costs and the pleasure of having the use of a brand new car is worth it to you then go for it.

........although personally I would stick with the Seat

nickpe

neil.woos wrote: »

A car being 10 years old doesn't mean anything. Being 55 plate doesn't really mean a car is 'old'. By your own admission, there is NOTHING wrong with your current car so why get rid of it? You say you want to treat yourself to a newer car but why? You aren't exactly upgrading a huge amount from your Seat. Unless you wanted a convertible, nice coupe, a performance car why do you want to 'upgrade'?

Seems to me you are more worried about the age of your car and want to keep up with your friends who are all on PCP. Completely foolish.

I understand your commments - and even though your ranting a little im liking your advice!
The truth is my car is 10 years old, its starting to look a little old and has done 63,000 miles.

Im wanting something with less mileage and something that looks nice and is a little newer than my current car- thats my honest answer for wanting a DS3.........i work and work hard so whats your objection to wanting this? (im poseing you these questions as your an excellent criticial friend).

I acknowledge that people are saying if i do want to go ahead with a DS3 then its probably better to do so by getting a loan and buying one a few years old so its not me that takes the hit on the first few years of depreciation on the vehicle.

WellKnownSid

Sadly, the bit about engineering is true. Even when I graduated over two decades ago - the courses were becoming less and less hands on. I wasn't allowed to touch anything on my first year placement until I'd spent three months at Rugby college getting my lovely soft hands dirty... everything from CNC and sheet metalwork to welding / fabrication / assembly. Laplace transforms and FEA only get you so far...

Anyway, just like you Neil, the OP is entitled to change his car whenever and wherever he pleases. The only thing up for debate is whether the deals he's looking at are the best options...

neil.woos

WellKnownSid wrote: »

Sadly, the bit about engineering is true. Even when I graduated over two decades ago - the courses were becoming less and less hands on. I wasn't allowed to touch anything on my first year placement until I'd spent three months at Rugby college getting my lovely soft hands dirty... everything from CNC and sheet metalwork to welding / fabrication / assembly. Laplace transforms and FEA only get you so far...

Anyway, just like you Neil, the OP is entitled to change his car whenever and wherever he pleases. The only thing up for debate is whether the deals he's looking at are the best options...

Our course was pretty much entirely theoretical but we did had to implement our knowledge during the thesis stage, when designing something. Anything that needed to be tooled/built for our experiment were handed over to the technicians in the mechanical workshop. We were not allowed to use these machines and weren't taught anything about them or methods of tooling/machining etc.. All we had to do was model our design using Computer Aided Design and hand the drawings over to the workshop. Nothing wrong with this in my opinion, and to be honest Laplace Transforms and FEA would be better served in my career (more analytical and numerical) than learning about tools/machining.

neil.woos

nickpe wrote: »

I understand your commments - and even though your ranting a little im liking your advice!
The truth is my car is 10 years old, its starting to look a little old and has done 63,000 miles.

Im wanting something with less mileage and something that looks nice and is a little newer than my current car- thats my honest answer for wanting a DS3.........i work and work hard so whats your objection to wanting this? (im poseing you these questions as your an excellent criticial friend).

I acknowledge that people are saying if i do want to go ahead with a DS3 then its probably better to do so by getting a loan and buying one a few years old so its not me that takes the hit on the first few years of depreciation on the vehicle.

Working hard for a PCP? What a joke. You should be working hard, advancing your career to buy a property, not renting a French POS car.

nickpe

neil.woos wrote: »

Working hard for a PCP? What a joke. You should be working hard, advancing your career to buy a property, not renting a French POS car.

This might suprise you but i have a 4 bed detached house - i have property thanks, your life advice is appreciated.

Its car finance advice im after thats why ive created this post in "Motoring"

To be fair i wasnt even asking for advice on if you liked French cars either, just car financial advice if you dont mind.

Bonjour

neil.woos

Okay 'I have a four bed house.' Where is that then, in London?

nickpe

neil.woos wrote: »

Okay 'I have a four bed house.' Where is that then, in London?

WOW you really are pathetic - where i live is totally irrelevant, i was making the point that i dont need to invest in property as i have one thanks.

Im just after a little genuine advice on car finance as ive always bought previously but i have generally bought cars around the £3k and as im looking at buying around the £9k mark i want to know what are the best ways to go about it............i understand saving is one option but i want to explore the other options before i commit to anything.

Ive enjoyed debating about PCP as its something i have never done and ive enjoyed listening to peoples views on why they think its a bad idea, but lets be honest whilst some people think its bad theres no doubt there will be thousands of people in the UK that do it, and there will be a reason for it so im keen to here how it can also work well for some people.

dannyrst

neil.woos wrote: »

Okay 'I have a four bed house.' Where is that then, in London?

Wow. You of all people are trying to suggest someone is lying about what they say they have?