What gives with all the PCP threads.

neilmcl

We seem to be getting a lot of PCP threads today, particularly from new posters. I might be off the mark but I smell something fishy going on.

[Deleted User]

Probably one person having an issue with finance - because they either don't qualify for it or they didn't read what they signed and now have sour grapes. How empty does someones life have to be to create fake accounts and made up stories on the internet?

[Deleted User]

I posted a PCP thread today. I've been on here since 2010 though.

neilmcl

camelot1971 wrote: »

Probably one person having an issue with finance - because they either don't qualify for it or they didn't read what they signed and now have sour grapes. How empty does someones life have to be to create fake accounts and made up stories on the internet?

You'll be surprised about the number of posters we get here that do exactly that.

mark1959

flashg67 wrote: »

Why the heck is someone a 'mug' just because they don't share your opinion on whether a particular finance method is a good option? I've had several cars on PCP, and I understand exactly how they work and what they cost.

I'd suggest that people who spend a fortune and many hours of their life paying over the odds for RFL and fixing what are basically scrap cars and praying to their God that it will start on any given morning are mugs. Been there, done that, and after all, it's my money to spend how I wish isn't it?

It's not really "moneysaving" though is it. Perhaps you should go on a "moneyspending/wasting" site and big up your PCP deals. :rotfl:

neilmcl

mark1959 wrote: »

It's not really "moneysaving" though is it. Perhaps you should go on a "moneyspending/wasting" site and big up your PCP deals. :rotfl:

Money saving can take many forms. If I can save a few extra thousand on a new car purchase by playing the system and taking a PCP then I'd say that's every bit worthy of MSE.

[Deleted User]

flashg67 wrote: »

Why the heck is someone a 'mug' just because they don't share your opinion on whether a particular finance method is a good option? I've had several cars on PCP, and I understand exactly how they work and what they cost.

I'd suggest that people who spend a fortune and many hours of their life paying over the odds for RFL and fixing what are basically scrap cars and praying to their God that it will start on any given morning are mugs. Been there, done that, and after all, it's my money to spend how I wish isn't it?

Exactly! Too many sanctimonious people on here.

System

I'm still waiting for the car I keep getting told will break down and not start because its over 4 years old and has done over 24,000-40,000 miles by those justifying getting new cars they can't afford to do just that and I've been waiting now for well over a decade. Classic car aside I think I have to go back over 20 years to a MK1 Astra I bought for £60 which had a fuel pump fail on me at 3am in the morning. Yep, that would be the last time I've broken down.

As for being sanctimonious, this is the MONEY SAVING expert.com website. PCP isn't money saving unless you're one of the very rare few people getting a car on PCP who actually have enough money to pay it off immediately and take advantage of the discounts. And most PCP posters are not those people and in fact are people who couldn't even really afford the PCP given the majority of the posts are to do with them no longer being able to afford it, even less than a year in.

B_Penny

I'm considering pcp.
I bought a 58 plate Passat estate from a local garage 18 months ago as our dog car, for three Labrador sized dogs, I bought it at the time on a wim as our shogun was having the latest in it's £7.5k of problems over 2.5yrs (now gone thank god).
However the Passat was 1 owner, been serviced on time by the same garage since new, a garage we still use. The day after a trip of 900 miles in a week to Northumbria the Passat broke down, the bill was £1700 for high pressure fuel pump, injector and a cambelt service at the same time. Doing the maths, that £100 a month head start over the same period.
Got it back, noticed rust is appearing at the top of the driver's front wheel arch (there is a sponge behind and I'm told this is not uncommon). The washer bottle is leaking and when you adjust the drivers mirror the passenger one moves too - my wife uses the car lunchtime, me morning and evening, so it gets used and maybe wear and tear.
But in answer, I've run older cars without issue in the past, but the tech in car's now means I'm considering a petrol skoda estate. Yet there is trouble with those too, excessive oil comsumption et, so pcp and warranty is what I'm considering and trawling the forum to research if it's a good ideal or not?

Nasqueron

Tarambor wrote: »

I'm still waiting for the car I keep getting told will break down and not start because its over 4 years old and has done over 24,000-40,000 miles by those justifying getting new cars they can't afford to do just that and I've been waiting now for well over a decade. Classic car aside I think I have to go back over 20 years to a MK1 Astra I bought for £60 which had a fuel pump fail on me at 3am in the morning. Yep, that would be the last time I've broken down.

As for being sanctimonious, this is the MONEY SAVING expert.com website. PCP isn't money saving unless you're one of the very rare few people getting a car on PCP who actually have enough money to pay it off immediately and take advantage of the discounts. And most PCP posters are not those people and in fact are people who couldn't even really afford the PCP given the majority of the posts are to do with them no longer being able to afford it, even less than a year in.

How is it not money saving to take a PCP deal on 0% finance and leave the money that would have been used on buying the car in a bank earning interest until the time comes to buy it at the end? The only argument I ever see on here about it is the depreciation rubbish (irrelevant unless you intend to sell the car or rely on the GMV at the end for a cycle of spending) and people who don't read the paperwork and sign up without a plan for the final payment. No different from people who take out loans to pay for stuff they don't need rather than saving up or people who signed up for PPI without reading it or any other number of problems. People not reading what they sign doesn't mean the system is bad!

motorguy

B_Penny wrote: »

I'm considering pcp.
I bought a 58 plate Passat estate from a local garage 18 months ago as our dog car, for three Labrador sized dogs, I bought it at the time on a wim as our shogun was having the latest in it's £7.5k of problems over 2.5yrs (now gone thank god).
However the Passat was 1 owner, been serviced on time by the same garage since new, a garage we still use. The day after a trip of 900 miles in a week to Northumbria the Passat broke down, the bill was £1700 for high pressure fuel pump, injector and a cambelt service at the same time. Doing the maths, that £100 a month head start over the same period.
Got it back, noticed rust is appearing at the top of the driver's front wheel arch (there is a sponge behind and I'm told this is not uncommon). The washer bottle is leaking and when you adjust the drivers mirror the passenger one moves too - my wife uses the car lunchtime, me morning and evening, so it gets used and maybe wear and tear.
But in answer, I've run older cars without issue in the past, but the tech in car's now means I'm considering a petrol skoda estate. Yet there is trouble with those too, excessive oil comsumption et, so pcp and warranty is what I'm considering and trawling the forum to research if it's a good ideal or not?

I'm with you on this. Whilst running an older car can work out cheaper - and no doubt we'll have people citing how they've ran their particular car with no issues for 10 years, etc, etc - modern cars are hugely complex and can incur large bills, particularly diesel variants.

Whilst its by no means the cheapest option, there is a lot to be said for a set monthly payment that covers depreciation and warranty particularly given how cheap a lot of these deals can now be.