Car Finance - New or Old?

MyRealNameToo

born_again said:

tintin_1929 said:

Ayr_Rage said:

I agree with @born_again, don't have a PCP agreement that runs beyond the manufacturer's warranty period.

What is you plan at the end of the PCP?

Planning to get into the cycle of using the car as a down payment for the next PCP purchase in 4 years time.

Well anyone's guess haw car prices will go in 4 years. ICE could really tank, or not. Given the 2030 change.

The likes of Glass provide future estimates of vehicle's worth. Like any prediction its far from 100% accurate but has the potential to be more accurate if its a manufacturer dealing with it and is prepared to give early notice of model changes etc. 

Finance companies often use these for setting the balloon, though undoubtedly some will have their own models or adjust the figure based on their own view. 

Nasqueron

born_again said:

Nasqueron said:

born_again said:

tintin_1929 said:

Ayr_Rage said:

I agree with @born_again, don't have a PCP agreement that runs beyond the manufacturer's warranty period.

What is you plan at the end of the PCP?

Planning to get into the cycle of using the car as a down payment for the next PCP purchase in 4 years time.

Well anyone's guess haw car prices will go in 4 years. ICE could really tank, or not. Given the 2030 change.

I'm not personally invested as I want to run my car for as long as I can and if I can get to at least 16 years in 2030 hopefully EV will be better priced then, but I would bet that ICE prices go up as the refuseniks try and avoid getting an EV as long as possible.

As I said they could go up or down. A lot will depend on what Government does in the mean time to force the issue. 
There are many ways that they can price ICE pretty much out of the marketplace. With extra taxes on them.

There's no chance either Labour and especially not Reform would put taxes on ICE to force people to use EVs when there will be tens of millions of ICE cars on the road in 2030. Nearly 2m new cars were sold last year, if we take a car as an average 14 year life, that means you'd have potentially 10m more cars sold between now and 1/1/2030 that will be running to late 2030s and early 2040s with another 15-20m sold 2017 to now. Even just on average sales you've got 25-30m cars that are somehow going to be taxed out of use and where are the EV cars going to come from to replace them? A new car sold 31/12/29 could be on the road to 2045 and how many could afford to junk it immediately and buy an EV?

Newer (<5 year) ICE especially, will go through the roof in 2030 as people want to buy them to keep running ICE as long as they can, there a lot of people who don't want to and others who realistically can't (flat owners for example) own one without huge changes to charging infrastructure and pricing.