pcp finance or loan

G_M

If the manufacturer is offering a decent contribution to the deposit on a PCP agreement, sign up to that to get the discont on the purchase price.

Then get yourself a 0% credit card deal and use that to pay off the PCP asap to avoid the interest charges.

Clive_Woody

G_M wrote: »

If the manufacturer is offering a decent contribution to the deposit on a PCP agreement, sign up to that to get the discont on the purchase price.

Then get yourself a 0% credit card deal and use that to pay off the PCP asap to avoid the interest charges.

Assuming the finance company will accept credit card payments to clear the PCP.

System

samhawtin8 wrote: »

my car is also 14years young I travel around Calderdale with work and my car just cant handle it any more the clutch is going the brakes need doing and speedo has stopped working, its got over 105.000 on the clock and the MOT runs end of march........ I'm just after advice on which would be the best option

105,000 isn't a reason to get rid. Mine has just passed its MOT 2 days ago with no advisories...at 127,000 miles. My previous car I put through its last MOT under my ownership at 168,000 miles. Check its history, it only ever failed one MOT in its entire lifetime at 155,000 miles and even then just for one seized rear caliper. https://www.check-mot.service.gov.uk/ reg no EG04DVP.

Clutches are consumable items as are brakes, every car with them will need them doing at some point or another. A non-functioning speedo is usually the sender unit which is a cheap fix with plenty of change out of £100 if you pay someone to do it.

Repairing your car is infinitely cheaper than the £5000+ you'll lose in depreciation in the first year of ownership of a brand new car.

If you really really must get another car then look at one that is 2-3 years old where the largest chunk of its depreciation has already been paid for by someone else, it'll be fairly low mileage and have a good 80-100,000 miles of life left in it at the least and it'll most likely still have some manufacturers warranty . Buy it on a loan and then at least you'll own it at the end of the 3/4/5 year deal.

consumers_revenge

Tarambor wrote: »

If you really really must get another car then look at one that is 2-3 years old where the largest chunk of its depreciation has already been paid for by someone else, it'll be fairly low mileage and have a good 80-100,000 miles of life left in it at the least and it'll most likely still have some manufacturers warranty . Buy it on a loan and then at least you'll own it at the end of the 3/4/5 year deal.

Funny enough this is exactly what I decided on last night and you saying it means I did make the right choice :-)