PCP isn't MSE

dipsomaniac

The more I read this forum I don't  see how paying monthly for new cars is ever saving money. It's the lazy option, not MSE?????

Bigphil1474

There's a long thread about this somewhere, but it's horses for courses. Think of it as getting the best deal for paying for a car monthly rather than the cheapest way to run a car. For some its the less risky or most affordable option. In this instance the MSE  way is more about how can you get the same car on the same deal for less money from company A than company B.

dipsomaniac

Saving money is about the cheapest option not the cheapest bad deal

dipsomaniac

The best deal is usually the one with the least amount of middle men

Herzlos

PCP gives budgetting stability even if it's not the absolute cheapest. Some people would rather have a predictable £200/month car than a car that's £100 one month and £400 the next, especially those living pay day to pay day.

dipsomaniac

PCP is all about people that can't afford a 40 k car driving a 40k car. 

BOWFER

dipsomaniac said:

PCP is all about people that can't afford a 40 k car driving a 40k car. 

cynical and old-fashioned way to look at it.
As someone else has said, it's as close to 'fixed cost' motoring you can get, in that there should be no nasty surprise bills.
For people, like us, who rely on their cars for work, it's really critical we mitigate the risk of the car being off-road and a new car does that best.
I'm aware new cars aren't guaranteed fault free, but most of our recent new cars have basically only needed once a year visits for servicing.
And even that is a pain, truth be told.

BOWFER

Herzlos said:

PCP gives budgetting stability even if it's not the absolute cheapest. Some people would rather have a predictable £200/month car than a car that's £100 one month and £400 the next, especially those living pay day to pay day.

Precisely.

dipsomaniac

Doesn't matter how you dress it up it's not saving money. Which is what this forum is about. PCP is a expensive way (& encourages you to drive a more expensive car than you can afford) to drive a car

BOWFER

dipsomaniac said:

Doesn't matter how you dress it up it's not saving money. Which is what this forum is about. PCP is a expensive way (& encourages you to drive a more expensive car than you can afford) to drive a car

I think you need to recalibrate your view of this forum, TBH.
It's about 'money' in general, despite the word 'saving' in the title.
If it was purely about saving money, you wouldn't have the sub-forums on investments, because 'everyone should be skint on here and shouldn't have money to invest'

dipsomaniac

Investment is about saving money. PCP is definitely not saving money