PCP isn't MSE

Jenni_D

How many revolutions has this thread taken in the 16 pages? It's like Groundhog Day 🙄

dipsomaniac

Wonder what the stats are for new cars going back to the garage for repairs in the first year? Saw a new roller being hoisted onto breakdown truck recently. Also my neighbour was without his brand new Merc for 6 weeks while they tried to fix the daytime running lights

m0bov

MSE is about buying or doing whatever you want, for the best price and value.

Herzlos

fred246 said:

Herzlos said:

fred246 said:

For me it's not the PCP it's buying a new car every 3 years. What other item do you do that with? House? washing machine, TV? You are buying a highly depreciating asset whose depreciation is inversely proportional to it's age. Just when the depreciation is levelling out you swap it for another one with the highest depreciation possible. Crazy.

Always in warranty, doesn't need an MOT and nothing should need replacing.
If you view cars as a service and can afford it then it's fine.

It's a MASSIVE waste of money. That is the whole point of the thread.

This thread has no point. It's someone complaining about people having shiny things.

Herzlos

dipsomaniac said:

Wonder what the stats are for new cars going back to the garage for repairs in the first year? Saw a new roller being hoisted onto breakdown truck recently. Also my neighbour was without his brand new Merc for 6 weeks while they tried to fix the daytime running lights

I'd say it's much less likely that a new car will need repair work in the first year than, say, a 15 year old car. For a start it should have had a complete PDI and all of the parts are new. There can be some teething problems so there will be some needing work.

epthree

Herzlos said:

fred246 said:

Herzlos said:

fred246 said:

For me it's not the PCP it's buying a new car every 3 years. What other item do you do that with? House? washing machine, TV? You are buying a highly depreciating asset whose depreciation is inversely proportional to it's age. Just when the depreciation is levelling out you swap it for another one with the highest depreciation possible. Crazy.

Always in warranty, doesn't need an MOT and nothing should need replacing.
If you view cars as a service and can afford it then it's fine.

It's a MASSIVE waste of money. That is the whole point of the thread.

This thread has no point. It's someone complaining about people having shiny things.

By the logic of OP everything that isn't essential to continue living and breathing aren't MSE (maybe buying food is not MSE too), therefore we should skip discussion of how to get the best deals on any of the finer things in life, despite ironically, owning a superbike.

I'm sorry @dipsomaniac but your point doesn't really seem to be about PCP (which can be a way to save money in some circumstances) but more about buying new cars in general, which I am sure is very easy to be envious of when you are behind the wheel of a 25-year-old Ford Galaxy.

If you had titled the thread "PCP isn't a good deal in lots of cases, despite being very popular" maybe the discussion would have been better received.

motorguy

dipsomaniac said:

Herzlos said:

dipsomaniac said:

We will have to agree to disagree as I still maintain PCP isn't MSE, not even if you get a discount (perceived or real) and pay the final figure in full as you still suffer depreciation.  I got no problem with people buying new cars, someone has to but its not MSE in my opinion.

So your problem isn't actually PCP, it's people buying new cars? And being able to do so in a cost effective way?
That sounds a bit like the green eyed monster.

Edit: Welding? That's luxury. We just had to hold them together with old string and hope for the best!

nope.  have been in a position in the past to buy a new car cash or could pcp now but choose not to.  definately, no green eyed monster.  not saying i wouldn't like a nice car but all the really nice cars are well out of my price range (£100k+),  especially as i still have a mortgage.

was enjoying a pint the other day in a pub garden on a busy roundabout.  must have seen 70% of all makes of current car in that hour and have come to the conclusion that there are 4 types of car - small ones, medium ones, large ones and those that 99.9% of us can't afford.

Who are you defining as the "us" there?

Just because you cant, doesnt mean others cant.

motorguy

Herzlos said:

fred246 said:

For me it's not the PCP it's buying a new car every 3 years. What other item do you do that with? House? washing machine, TV? You are buying a highly depreciating asset whose depreciation is inversely proportional to it's age. Just when the depreciation is levelling out you swap it for another one with the highest depreciation possible. Crazy.

Always in warranty, doesn't need an MOT and nothing should need replacing.
If you view cars as a service and can afford it then it's fine.

Agreed.  And yup fine with me also.  It does seem that a small minority - for whatever reason - seem to take exception to that?  Some seem to care greatly how other people chose to spend their money.

motorguy

Jenni_D said:

How many revolutions has this thread taken in the 16 pages? It's like Groundhog Day 🙄

Indeed.  Clearly there was nothing Dipso could argue with in 68ComebackSpecial's post a couple of pages back, but now has found an "in".

motorguy

dipsomaniac said:

Wonder what the stats are for new cars going back to the garage for repairs in the first year? Saw a new roller being hoisted onto breakdown truck recently. Also my neighbour was without his brand new Merc for 6 weeks while they tried to fix the daytime running lights

Good job they bought new and under manufacturers warranty then