PCP deal, leaving early via Voluntary Termination

aphill24

Hi Evesham, I fully understand your predicament as I am a Ford employee. I don't do PCP myself but my wife had 3 deals which were really good value back in the day. Unfortunately even for employees the deals are now not a lot better than Joe Public can get. People on here find it hard to believe you but I want to support your statements. Now is the time to get out of pcp in my opinion as Ford have upped the price of all cars due to sterling dropping against the dollar. They want more money for profit and on a monthly pcp they are upping the contracts from 24 months to 36 to hide the total cost from people who only look at the monthly cost.
There s no way to get cheap motoring today whether its buying new or 2nd hand but there is a lot more sense on buying 2nd hand and owning it outright at the end of the hp. Bank loans at 3.3 % are a good way to go for cheap finance,

AnotherJoe

Evesham_Hardcore wrote: »

When you have a car for under a year it doesn't need those things, no. Thanks for the great input :T

So you are going to swap your car every year to avoid getting it serviced or paying for tyres, thinking you're saving money - and ignoring the loss you make each time on the sale and subsequent purchase , which as you pointed out, has resulted in a decreasing spec each time...... that's your money being lost right there, much more than on service and tyres.

And of course these costs are factored into the price of the car you are buying and the one you are selling "needs a service and the tyres have got 10k miles on so the price will be dropped by £500 to allow for that". Jeez.

DrEskimo

AnotherJoe wrote: »

So you are going to swap your car every year to avoid getting it serviced or paying for tyres, thinking you're saving money - and ignoring the loss you make each time on the sale and subsequent purchase , which as you pointed out, has resulted in a decreasing spec each time...... that's your money being lost right there, much more than on service and tyres.

And of course these costs are factored into the price of the car you are buying and the one you are selling "needs a service and the tyres have got 10k miles on so the price will be dropped by £500 to allow for that". Jeez.

I've had people suggest they should upgrade to a brand new car to avoid MOT costs....
To me that's akin to buying a brand new TV every time the batteries in the remote run flat.

Herzlos

DrEskimo wrote: »

I've had people suggest they should upgrade to a brand new car to avoid MOT costs....
To me that's akin to buying a brand new TV every time the batteries in the remote run flat.

It makes sense if you're used to MOTs costing lots of money to get through; probably drivers that ignore maintenance until MOT time and blame the MOT for needing new brakes/discs/tyres/exhaust.