PCP deal

chifans

Hi,
I’m after some advice! I’ve come to the end of my current pcp deal on a Honda CR-V. Due to the mileage travelled with my job, I’ve gone 10k over the 60k limit and so will get stung if I hand the car back. Looked at new pcp deals and apparently there’s no equity in my current car!
What’s my best options - just buy the car by financing myself but obviously will be running the mileage pretty high?!
Any advice appreciated!!

Angus_Og

Do the maths.

But remember it is car that you know and are therefore well placed to tell if it is a lemon or not.

If you do decide to buy best to finance it over the shortest period feasible.

System

chifans wrote: »

What’s my best options - just buy the car by financing myself but obviously will be running the mileage pretty high?!
Any advice appreciated!!

Yes.

I bought my Mondeo at 2 years old for £8500, just 1/3 of its new price as it had 38k on the clock. I've owned it 7 years, done over 100,000 miles in it and it is now on 141,000 miles and other than normal servicing and a couple of very minor non consumable sub £200 repairs (track rod end, 2 suspension bushes and a wheelbearing) has been trouble free. It is now worth roughly £1500 so it has cost me £7000 for 7 years/100,000 miles of motoring equating to roughly £1000 a year plus maybe another £50-£100 a year for the aforementioned non-service/consumable repairs. It is still looking tidy other than the alloys looking a bit tired, its fault free so there's no reason to change it.

Your CR-V if you maintain it properly and fix things when they break or make themselves be known rather than leaving them should easily be able to hit 200,000 miles and has been mentioned you know how well it has been looked after.