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, Mar 10, 14:52:07