PCP 2014 Eco Sport 70.000 miles

Cherryjack

Hey Guys,

I've never had PCP before and a £5000 balloon payment is due next April. I purchased this 2014 car for £12.000 and it's done 70.000 miles. Should I keep and get a personal loan over two years (it will then be out of Warrenty) or swap again? Hate all this finance but need a reliable car

forgotmyname

You dont need to spend £12k to get a reliable car.

Pay the £5k and keep the car for another 7 years...

k3lvc

Cherryjack wrote: »

Hey Guys,

I've never had PCP before and a £5000 balloon payment is due next April. I purchased this 2014 car for £12.000 and it's done 70.000 miles. Should I keep and get a personal loan over two years (it will then be out of Warrenty) or swap again? Hate all this finance but need a reliable car

Is it not out of warranty already or have you extended it ?


Assuming it's reliable, still suits your needs and you couldn't buy another in similar condition for under £5k then buy it and it you worry then buy/extend the warranty for the 2 years you're planning to keep it. Should be much cheaper than the depreciation/interest on something new/shiny

AdrianC

k3lvc wrote: »

Is it not out of warranty already or have you extended it ?

If it was bought in 2017 as a 3yo Ford approved used, it'd have come with a 2yr warranty as part of that.

Cherryjack

Thanks so much, I'm going to keep it. Appreciate your advice. Its had a new clutch and all the services so hopefully it will work well for another so many years.