gbb
Squire
- Location
- Peterborough
I guess it's just down to finding the right pathway, the one that suits your circumstances.
My son had an Astra on PCP, payments were do-able but in the end, he figured it restricted him too much on mileage and once you're into a PCP, you have to really make an effort to come out of it, you're starting at zero, no car to trade in etc.
Once out, he brought a fairly simple 2015 CMax diesel, low mileage and he still has it, long since paid off, still really quite low mileage, just costing him running costs now.
Personally I always did bank loans which were cheaper than finance but last couple times I tried, it was more expensive. So I'm happy (or was while I was working ) having a 1 to 3 year old car every 3 or 4 years on finance. It was all affordable, we have enough in the bank to pay off all debts so job loss wouldn't have been the end of the world.
I like cars of that age, most of the depreciation has already been taken, they're still really quite new (<1 to 3 years old, <30k miles), and invariably reliable . But of course now, you're going to spend maybe 9 to 14 k for something not that exciting, more if you want exciting.
Buy an older car, low mileage, something to with a good reputation is the way to go based on my sons CMax. It has to be the cheapest route. (but not a very exciting one, but that's fine )
I don't use the car that much now I'm retired and do make use of the concessionary free bus pass but, couldn't imaging not having the freedom a car gives you.
My son had an Astra on PCP, payments were do-able but in the end, he figured it restricted him too much on mileage and once you're into a PCP, you have to really make an effort to come out of it, you're starting at zero, no car to trade in etc.
Once out, he brought a fairly simple 2015 CMax diesel, low mileage and he still has it, long since paid off, still really quite low mileage, just costing him running costs now.
Personally I always did bank loans which were cheaper than finance but last couple times I tried, it was more expensive. So I'm happy (or was while I was working ) having a 1 to 3 year old car every 3 or 4 years on finance. It was all affordable, we have enough in the bank to pay off all debts so job loss wouldn't have been the end of the world.
I like cars of that age, most of the depreciation has already been taken, they're still really quite new (<1 to 3 years old, <30k miles), and invariably reliable . But of course now, you're going to spend maybe 9 to 14 k for something not that exciting, more if you want exciting.
Buy an older car, low mileage, something to with a good reputation is the way to go based on my sons CMax. It has to be the cheapest route. (but not a very exciting one, but that's fine )
I don't use the car that much now I'm retired and do make use of the concessionary free bus pass but, couldn't imaging not having the freedom a car gives you.