My point Graeme, is that all of that expense would have been avoided if I had taken a 36 month PCP instead of a 42 month.
The tyres/brakes/service/MOT wouldnāt have been necessary.
I know that you donāt want a Kia Rio, but, 5 years ago we bought a low (8K) mileage model from a Kia main dealer for Ā£8K., At 49,000 mls we have just traded it for an 8K 17 plate Kia Picanto SE, which also cost Ā£8K, they gave us Ā£4K in part ex, Ā£800 per year depreciation is pretty good in my book.
2 Likes
XF sportbrake?
Bah, not diesel 
If you can āsave upā a whole load of servicing issues and hand them back to the carās owners at the 36 month point then I can see that that would be a sensible thing to do. Theyāre a business of course, so the costs of that work will be spread over their customers somehow. The trick with buying from any large-volume seller is always to try to cut a deal where, as the customer, you get a disproportionately large share of the benefits and a disproportionately small share of the costs.
Our situation is different. Weāve always paid cash for cars so the finance cost wouldnāt be 4%, it would just be the lost interest that we could otherwise have raised by investing the money i.e. fuck all for the last decade or so. And weāre prepared to run cars for a lot longer than 3 years (basically until they become too unreliable and/or too expensive to maintain) which means we get years and years where the depreciation costs are very small indeed.
VB
3 Likes
Or, just to complete the utterly predictable (but absolutely sensible, obviously) suggestions, what about a nice Discovery?
1 Like
Buzz, contradiction.
1 Like
What are you going to do when you retire, continue with PCP? If that is going to happen in the nearish future is that a consideration?
Is this a time for you to consider a different method of car ownership and save some cash?
36 x Ā£400 is Ā£14400 = Ā£4670 PA
My model is similar to Graemes I think buy a comfortable two or three year old car around Ā£10K and run it until it becomes unreliable. My milage averages Ā£15K Currently I am on 5 years going on 6 and that equates to Ā£1500 PA.
MOTās are not generally a hassle if you use independent garages.
1 Like
Take off to Thailand.
That sounds like a great idea
1 Like
Iām being tempted by one of these Ā£220 a month no deposit handback in two years. 12k miles. I hasten to add my bro is a Jag engineer.
Currently a 12 year focus estate Iāve had for donkeys that has cost me next to nowt each year
Itās actually better than that. The new price of cars is basically a lie - you can usually get a substantial discount if you pay cash, often around 20%. The 0ish% PCP deal is anything but.
interestingly the reverse was true with my last PCP. I could have financed the car differently the equiv of cash or PCP, but I was offered a discount albeit small (about 2%) to do a PCP.
We chose PCP as we donāt ever want to own the car, and we want to change every 2-3 years.
Are you going to get the othe half of the operation done then?
3 Likes
Itās been multiple visits over many years. Snip here, tuck there. Adamās apple next 
2 Likes
That has crossed my mind as a family car. But Iām sick of having to pay stupidly expensive prices for parts.
Leave Adam out of this!
3 Likes
Safe haven for proggers from ridicule and arrest?
Subaru Outback or Levorg
Prog is sooo much better for upsetting the neighbours
Ā£32,000
1 Like