PCP Dilemma

[roadsmash]

Sheepshanks said:

roadsmash said:

Surely you’d be better off VT’ing?

After you’ve paid half the balance you can just hand the car back regardless of the negativity equity.

As you’re 18 months in surely you can’t be far from half way? Unless it’s a 4/5yr PCP?

Likely the 50% paid point will be near the end of the PCP term, even if it's only 3 years - some deals never hit 50%. Finance companies like PCP as it makes VT awkward.

Plus OP bought used - PCP doesn't usually work well on used cars. On new cars there's often deposit contributuons and low interest rates.

I thought that was more likely on new cars rather than 5yr old ones?

[Sheepshanks]

roadsmash said:

I thought that was more likely on new cars rather than 5yr old ones?

I don't think it would make much difference. Yes, in pounds there's be less depreciation, but the purchase price is lower and the GFV is lower, so percentage wise everything would be pretty similar.

Plus likely the interest charges on used are usually significantly higher than new - again maybe a lower amount of pounds as the value is lower, but greater in percentage terms. And it's all about getting to the 50% point - the pounds don't matter.

[Earthdweller]

Don’t buy a Juke for transporting a child

The boot is tiny and weirdly shaped, the rear doors don’t open very wide and rear space is poor

You’ll struggle to get a buggy and stuff in the boot and placing a child in a chair in the rear is a ball ache

[CaptainSensib1e]

Earthdweller said:

Don’t buy a Juke for transporting a child

The boot is tiny and weirdly shaped, the rear doors don’t open very wide and rear space is poor

You’ll struggle to get a buggy and stuff in the boot and placing a child in a chair in the rear is a ball ache

+1

See if you can upgrade to a Quashqai instead. We had one when our first was born and it was just about big enough!

[Rob2005uk]

Thanks for all comments. Plenty of food for thought