Mattss Corsa
Member
Registered: 11th Jan 03
Location: Milton Keynes (BUCKS)
User status: Offline
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Im just the same mate, no finance or nothing, if i dont have the funds, i wont get it, end of 
Save up for a bigger deposit on your morgage, and get a better house, and rate  yourll never lose
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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quote:
Originally posted by JadeM
quote:
Originally posted by Matty G
PCP finance you pay £330 a month. For the same car on a loan over the same amount of time you pay around £550 a month
But thats worst case taking no deposit & full balance over 3 years!!? Try getting a finance quote with a 2.5k deposit & over 4 years instead of 3!! After 3 years you have a car sitting worth about £10k to sell & settle whats outstanding......trust me you'll be quids in & you can still get a new motor every 3 years!!
If these PCP finance things were that good dont you think everyone would do it
So if I put down a 2.5k deposit with a loan and spread it over 4 years (not keen on 4 years) it would be a more manageable amount?
Are you saying after 3 years I could sell the car and get out of the loan and still have money left over to put down as a deposit on another new car and a new loan?
This is why I started this topic as I am not too clued up on all this 
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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quote:
Originally posted by Mattss Corsa
Im just the same mate, no finance or nothing, if i dont have the funds, i wont get it, end of
I have always been the same in the past. Save up for things rather than loans but if I waited and saved up a load of money and say after 3 years I had 20k sat in the bank I'd chicken out of spending it on a car and put it towards a house.
I just want to have a nice car before I get stuck into being all grown up  Only live once and cant get a nice car without either PCP or a loan
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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Jade/Colin - just tried that 4 year thing with 2.5k deposit and works out slightly more than PCP payments but that was just the 1st site I tried (8% interest) so could probably get it at a cheaper rate than that. Its definately another option to consider that I hadn't thought about and could work out being the better option!
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