Buy outright & DIY vs PCP

motorguy

fred246 wrote: »

They do seem to be a cause of a lot of anguish on the forum. People taking out deals getting into negative equity, wanting to change their car early, not understanding them. They may work for some people, but seem to cause a lot of trouble for many.

Theres 3.9 million new cars sold each year and some 80% or thereabouts are on PCP. The amount that cause anguish are tiny. Most people take out a PCP, drive the car, make a decision what to do at the end of the term.

PCP deals will almost always be in negative equity until close to the end of the term.

fred246

So we seem to have agreed that I picked my perfect car and have loved owning it and I have saved a small fortune in comparison with replacing my car every 3 years, but if I had driven a brand new car that I didn't want and nobody else wanted my savings would have been less.

motorguy

fred246 wrote: »

So we seem to have agreed that I picked my perfect car and have loved owning it and I have saved a small fortune in comparison with replacing my car every 3 years, but if I had driven a brand new car that I didn't want and nobody else wanted my savings would have been less.

Yup. Agreed. I genuinely think you're doing precisely works best for you and fair play to you for it.

eamon

I'm pleased that this is all settled now.

motorguy

eamon wrote: »

I'm pleased that this is all settled now.

Oh not for long i'm sure.

TheMoonandBack

fred246 wrote: »

So we seem to have agreed that I picked my perfect car and have loved owning it and I have saved a small fortune in comparison with replacing my car every 3 years, but if I had driven a brand new car that I didn't want and nobody else wanted my savings would have been less.

Comparison is the thief of joy, Frederick.

photome

I’m happy that Fred is happy

fred246

photome wrote: »

I’m happy that Fred is happy

Well of course I am happy. I have my perfect car and it hasn't cost much. The point of me posting is that I try to help other people understand the economics of running a car. I try to teach people that a car lasts longer than 3 years. Not sure that I ever achieve much though.

motorguy

fred246 wrote: »

Well of course I am happy. I have my perfect car and it hasn't cost much. The point of me posting is that I try to help other people understand the economics of running a car. I try to teach people that a car lasts longer than 3 years. Not sure that I ever achieve much though.

I think everybody knows that Fred.

You say "teach" like everyone else is wrong and you are right? Perhaps we could "teach" you that everyones circumstances are different and what works for others doesnt have to work for you and vice versa?