If PCP didnt exist...
Discussion
Muzzer79 said:
The same cars I have now.
This thread is going to have a theme I think - I doubt many say they wouldn't have the car they drive if it weren't for a particular finance product.
Oh, and anyone with a 3 series or an Audi is still doing well for themselves - PCP or not.
I'm going to hold my hand up and say my driveway wouldn't be the same, i wouldn't be able to afford the GT3 monthlies if it didn't have a balloon of £70000, it would take my payments up from £1200 to almost £3000 a monthThis thread is going to have a theme I think - I doubt many say they wouldn't have the car they drive if it weren't for a particular finance product.
Oh, and anyone with a 3 series or an Audi is still doing well for themselves - PCP or not.
Can’t really remember what people used to do in the early 00s - in 2002 for example UK car production was 1.6 million cars, a lot higher than it is now.
I imagine leasing was still a thing, also average disposable incomes were higher back then.
If people had to pay cash? (maybe what the OP was asking). Probably a lot of remortgages, I know people who do that, with interest rates low why not. Very hard to answer hypotheticals because you’d have to know all the hypothetical circumstances.
I imagine leasing was still a thing, also average disposable incomes were higher back then.
If people had to pay cash? (maybe what the OP was asking). Probably a lot of remortgages, I know people who do that, with interest rates low why not. Very hard to answer hypotheticals because you’d have to know all the hypothetical circumstances.
2006 Civic. Definitely some form of Honda or Toyota reliability.
I ain't narcissistic, I don't care about the car I drive so long as it's reliable and dependable. I've had nice cars, it ruins your mental state when someone dinks it in the car park etc.
My father bought a brand new Mercedes in the '80s his long list of tales with things that happened to his brand new car were enough to put me off ever buying new, plus the depreciation.
If I spent the same money on my house for example an extension, it'd add value to my house if I ever sold, but the £30-35K on a new car will turn into about £12k resale value in 3-5 years time.
I ain't narcissistic, I don't care about the car I drive so long as it's reliable and dependable. I've had nice cars, it ruins your mental state when someone dinks it in the car park etc.
My father bought a brand new Mercedes in the '80s his long list of tales with things that happened to his brand new car were enough to put me off ever buying new, plus the depreciation.
If I spent the same money on my house for example an extension, it'd add value to my house if I ever sold, but the £30-35K on a new car will turn into about £12k resale value in 3-5 years time.
cowboyengineer said:
I'm going to hold my hand up and say my driveway wouldn't be the same, i wouldn't be able to afford the GT3 monthlies if it didn't have a balloon of £70000, it would take my payments up from £1200 to almost £3000 a month
Can I have your GT3 for 70k when you’re done with it then?Depends on what deals i could get on what cars.
I've purchased cars through many different methods, depending on what my situation was and the deal that could be had.
I've PCPd
I've leased
I've got bank loans
I've had finance from the car dealership (0%)
I've used money from remortgages
I've bought outright with savings
Apparently car loans started around 1919 so it's not a new thing - Many of the RS turbo boys from the early 90's were running on finance, i used to look up to them with envy, until i realised i could blow them away in my £3000 Pug 205 1.9GTi
The mistake most make is not the cost of the car, it's the cost to run the car. My friend's 25 year old son bought a very questionable and fairly old RS4 avant, just cos audi and v8 - but every time something went wrong with the car it would sit outside his house for months while he saved to pay for repairs, often being done with backstreet garages to a not very high standard.
I've purchased cars through many different methods, depending on what my situation was and the deal that could be had.
I've PCPd
I've leased
I've got bank loans
I've had finance from the car dealership (0%)
I've used money from remortgages
I've bought outright with savings
Apparently car loans started around 1919 so it's not a new thing - Many of the RS turbo boys from the early 90's were running on finance, i used to look up to them with envy, until i realised i could blow them away in my £3000 Pug 205 1.9GTi
The mistake most make is not the cost of the car, it's the cost to run the car. My friend's 25 year old son bought a very questionable and fairly old RS4 avant, just cos audi and v8 - but every time something went wrong with the car it would sit outside his house for months while he saved to pay for repairs, often being done with backstreet garages to a not very high standard.
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