PCP Plan - Best Way Forward

jimjames

IAMIAM said:

I want to be in a position where I can continually hand a car back after 3-4 years instead of keeping a car and ultimately forking out circa 2k every year in MOTs and Repairs when I have previously tried to keep hold of a car for 5-10 years.

You must be either very unlucky or not maintaining your vehicles to be paying £2k every year for MOT and repairs. I have cars that are significantly older than 5 years and pay nothing like those sorts of amounts. 
You're really just swapping one cost for another though. The cost of PCP will be way higher than £2k every year and you still won't have a car at the end of it.

daveyjp

jimjames said:

IAMIAM said:

I want to be in a position where I can continually hand a car back after 3-4 years instead of keeping a car and ultimately forking out circa 2k every year in MOTs and Repairs when I have previously tried to keep hold of a car for 5-10 years.

You must be either very unlucky or not maintaining your vehicles to be paying £2k every year for MOT and repairs. I have cars that are significantly older than 5 years and pay nothing like those sorts of amounts. 
You're really just swapping one cost for another though. The cost of PCP will be way higher than £2k every year and you still won't have a car at the end of it.

The OP doesn't mention how old the vehicles they are buying and then keeping for 5-10 years are.

Buy a one year old car, look after it with preventative maintenance where required and it should do 10 years with minimal outlay.  

Buy a ten year old car which has been abused and it will become a money pit.