28-10-13, 07:39 PM
Think you hit nail on the head there Nick.
My car is on pcp, my last one i thought id keep but it was really unreliable so my plan now is to do the 3 years and then decide whether to keep it or not based on if i like it or or if it is reliable.......however what if i do wanna keep it then i gotta cough up the outstanding on it from its new price minus what ive already paid....& where the foc am i gonna suddenly produce this sum from.....nowhere....so ive gotta really put that money aside each month anyway which makes it no different to just financing the full price & and id still get the car......or selling the car if i don't like it...
Far as i can see the dealers/finance company are really banking on me forgetting to save my payments or not being disciplined enough & spending it on other stuff each month......thus tying me in forever and ever in a perpetual finance spiral.......so basically leasing the car....
Only bonus i can see is if i lose my job i can afford to keep driving coz the payments are so low....ats about it. IMO 8)
Dont know why i did it, actually it was more the dealers mistake & i went along with it but im saving the extra nicely so far but its annoying remembering to save it each month.
My car is on pcp, my last one i thought id keep but it was really unreliable so my plan now is to do the 3 years and then decide whether to keep it or not based on if i like it or or if it is reliable.......however what if i do wanna keep it then i gotta cough up the outstanding on it from its new price minus what ive already paid....& where the foc am i gonna suddenly produce this sum from.....nowhere....so ive gotta really put that money aside each month anyway which makes it no different to just financing the full price & and id still get the car......or selling the car if i don't like it...
Far as i can see the dealers/finance company are really banking on me forgetting to save my payments or not being disciplined enough & spending it on other stuff each month......thus tying me in forever and ever in a perpetual finance spiral.......so basically leasing the car....
Only bonus i can see is if i lose my job i can afford to keep driving coz the payments are so low....ats about it. IMO 8)
Dont know why i did it, actually it was more the dealers mistake & i went along with it but im saving the extra nicely so far but its annoying remembering to save it each month.
Easiest way to go fast........don't buy a blue bike