PCP is the way forward...
...smallish deposit (eg 10%) with 3 years of low payments (eg under ?200) with the remaining balance left on the car - you either pay up in full (say, ?6k) or return the car for a pre-agreed (at point of sale) trade in value against another new one.
Potential downsides - you never actually own the car and you're tied into a contract based on annual mileage (average 10k/year) and will charged an excess should you go over it. Still a good way to get into a new (or under 3 year old used) car though.
Posted By: mr chimp on March 10th 2014 at 14:52:07
Message Thread
- Anyone had a car on finance? (NCFC) - hoolahan, Mar 10, 14:34:30
- drivethedeal dot com - bought two cars from main deler through them (n/m) (NCFC) - Higher Wrather, Mar 10, 16:08:29
- *dealers* They sometime (n/m) (NCFC) - Higher Wrather, Mar 10, 16:08:59
- ...s have good finance deals built in. (n/m) (NCFC) - Higher Wrather, Mar 10, 16:09:29
- *dealers* They sometime (n/m) (NCFC) - Higher Wrather, Mar 10, 16:08:59
- Had last two on finance from Robinsons in Norwich. We also opted for the service pack (NCFC) - malkybarkid, Mar 10, 15:25:45
- personal lease is my preferred method (NCFC) - ingi, Mar 10, 15:22:12
- I just picked up a Ford Fiesta today (NCFC) - inutero, Mar 10, 15:01:43
- PCP is the way forward... (NCFC) - mr chimp, Mar 10, 14:52:07
- I bought my new motor from dealer when they were offering 0% financing... (NCFC) - Brom, Mar 10, 14:48:58
- No but..... (NCFC) - Larry Hagman, Mar 10, 14:43:26
- There are usually a few options (NCFC) - RochdaleCanary, Mar 10, 14:42:22
- drivethedeal dot com - bought two cars from main deler through them (n/m) (NCFC) - Higher Wrather, Mar 10, 16:08:29
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