Mercedes Agility vs funding new car with cash

martinthebandit

The car costs £30 000
Your putting in £12 000 by trading your car in, leaving £18000 to pay.
Your paying £300 ish per month for three years, about £11000 leaving £7000 to pay
Yet you will still owe £17000 if you want to keep the car?

Tell me again who's paying for the depreciation?

suki1964

We used the PCP to get a better price and package on our car of choice and just paid it off within the first year

daveyjp

Seems this is the latest patter amongst the dealers.

I've just heard an interview with the director of a large main dealer chain. He used the words 'with PCP you are renting the car and foregoing the depreciation'.

Seems they are all natural born liars. What is being foregone is ownership of the car, the PCP payment is covering the depreciation.

Money_Rollercoaster

Yeah, if you are foregoing the depreciation, they won't mind taking the car off you for £30k in three years time

gypsymoth

Great advice all round. Thanks all