PCP finance - what's the catch?

Silvertabby

DrEskimo wrote: »

Oh I agree, I don't spend thousands on holidays either!

Well yes my house is second hand. It's a Victorian terrace so I'm guessing quite a few have lived here! Although I did completely gut it and renovate it so that would solve any irrational fear I had of naked, chronic sneezers living there before me....

I don't buy many of the other things second hand because the cost saving relative to the benefits of brand new (easy to return when faults occur, longer warranty that are very costly to extend, etc.) are not nearly as large, but sure, I've bought ex display TVs, second hand computers (most of the components in my custom PC are from eBay) and phones in the past.

I don't think there is the same second hand market on those things like there is with cars though. I bought a 2yr old car recently with just 5k miles on it. It still has the new car smell and is completely unmarked. The small price of extending the warranty for an extra year (£289) and the need to disinfect the steering wheel is worth the nearly £5k I saved IMHO...

I guess I'll be just as perplexed about why people spend the extra thousands as I am about people who spend thousands each year on holidays....!

As you say i should be thankful for supplying me with good used cars...!

You'd love our 'old' cars - low mileage, no smoking, no kids, no dogs. By the way, forgot to mention another reason for buying new - at the risk of sounding girlie, we (I) get to pick the colour we (I) want !