Would you buy another diesel?

ChuckMountain

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.

duffbeerdrinker

The cheapest way to buy a car is cash because you don't have to pay interest for 2/3/4 years

ChuckMountain

Hook, line and sinker

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.

ChuckMountain

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.

duffbeerdrinker

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".

ChuckMountain

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?

jonna

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 [emoji51].

ChuckMountain

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.

duffbeerdrinker

Yep

jonna

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.