It depends, shop around for the deal that suits, PCH and PCP can be comparable, both you can't walk away from.There are some cracking PCH deals around if you like that particular model etc.Equally though some PCP deals are cheaper for a given car model.
The cheapest way to buy a car is cash because you don't have to pay interest for 2/3/4 years
Hook, line and sinker data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
No its not you cannot state that categorically.
If you walk into a dealer and pay cash 9/10 cars brand new cars will be more expensive to you.Its actually cheaper to buy on finance a most of the times as you will get a substantial finance deposit contribution that comes from the finance company not the dealer.
This offsets any interest that you may pay, assuming its a good rate which typically are around 3% or so on quite a lot of cars.
You can negotiate the price on any car regardless of how you pay.Cheaper overall to pay more for the car and not pay interest over the term.
The only reason to buy a car on PCP is because you can't really afford it.
Each to their own though - everyone has a different approach to their finances.I know people with PCP contracts who are happy and I know others who say "never again".
I don't doubt you can negotiate the price on a car, but you won't get anywhere near the same price as if you take finance.Have you tried recently on a new car?
My daughter got an Audi A3 S Line on a PCP 2 yrs ago and she received a letter last month which basically said ‘give us a call we can offer you a good deal’.
So we went and they offered her £15000 for hers if she part exchanged her car for a new one which meant she had lost £9000 in 2yrs .
In which case she hands it back to Audi at the end of her term and walks away.It hasn't cost her 9k its cost her whatever monthly payments deposit she has paid.
Yep
She put £5000 down and paid over £200 a month, in my head that’s around £9000.
Also, to walk away from the deal she would need to pay £800.