End of PCP repairs - more issues!
Discussion
Mandat said:
ericmcn said:
Cocky but the truth, PCP is just that - a Hire. The onus is on the person who hired the car to maintain as per contract, Not a fan myself and never did a PCP thing.
Er, no. A PCP is just a form of purchase loan, like HP but with a couple of options at the end of the loan term.It's all in the name; Personal Contract Purchase.
I've never went in to a PCP loan with handing a car back to the finance company or VTing it being my exit strategy. If i had that view going in, i'd just PCH it and have done with it.
dme123 said:
Do the w
kers who harp on and on about PCP/Leasing being "renting" also bang on and on about how stupid it is that companies lease brand new photocopiers when they could buy half dead ones for tuppence ha'penny when they come off lease?
I run older cars because I'm a cheapskate and I don't mind the odd shock bill, but only a tt would be incapable of seeing the merits of a new car, and only a twin turbocharged, direct injection, V12 ultratt would then take issue with how people choose to fund it.
You've created a false choice though. It's not 'buy new' or 'buy half dead' - unless you consider a 3 year old car with 15,000-30,000 to be 'half dead'. kers who harp on and on about PCP/Leasing being "renting" also bang on and on about how stupid it is that companies lease brand new photocopiers when they could buy half dead ones for tuppence ha'penny when they come off lease? I run older cars because I'm a cheapskate and I don't mind the odd shock bill, but only a t
t would be incapable of seeing the merits of a new car, and only a twin turbocharged, direct injection, V12 ultratt would then take issue with how people choose to fund it.Integroo said:
daemon said:
Integroo said:
I'm not anti-PCP. It isn't right for me, and I think a lot of people focus on the monthlies rather than the real cost, and end up spending a lot more money than the need to or possibly should on a car, but that's their business.
The biggest advantage (and my circumstances show) is that if you lease or PCP you are bound in. If you own you can chop and change at your merriment (subject to the depreciation loss). You can also sell and get out easier if your circumstances change.
Agreed. The biggest advantage (and my circumstances show) is that if you lease or PCP you are bound in. If you own you can chop and change at your merriment (subject to the depreciation loss). You can also sell and get out easier if your circumstances change.
I would maybe consider a PCP deal again at some point, but a lease wouldnt work for me as you are committing to keeping a car for pretty much an absolute time period.
Plus, who knows where I might be in 30 months time, what I might be doing, how much money I may or may not have? Not me. Yes, I bought using a loan, but the car was always likely to depreciate more slowly than I paid off the loan, so I should never have been upside down, which means I could get out at any time.
HumanDoing said:
You've created a false choice though. It's not 'buy new' or 'buy half dead' - unless you consider a 3 year old car with 15,000-30,000 to be 'half dead'.
No it's not half dead at 3 years old but it isn't new either. When buying new I get to choose the colour I want inside and out. I also get to pick the extra 'toys' I'm will to pay for. By paying via a PCP I know the cost in advance, I have no interest in keeping the car beyond the PCP term. I prefer to return the car and start again.Yes of course it's cheaper to buy used but don't kid yourself that you're getting as good a product. Same goes for most consumables. Do the PCP haters buy used computers, washing machine and/or clothes etc? They're all available cheaper than new.
ericmcn said:
anothernameitist said:
No I always OWN my vehicles, you signed a PCP now take the consequences
Cocky but the truth, PCP is just that - a Hire. The onus is on the person who hired the car to maintain as per contract, Not a fan myself and never did a PCP thing.bad company said:
No it's not half dead at 3 years old but it isn't new either. When buying new I get to choose the colour I want inside and out. I also get to pick the extra 'toys' I'm will to pay for. By paying via a PCP I know the cost in advance, I have no interest in keeping the car beyond the PCP term. I prefer to return the car and start again.
Yes of course it's cheaper to buy used but don't kid yourself that you're getting as good a product. Same goes for most consumables. Do the PCP haters buy used computers, washing machine and/or clothes etc? They're all available cheaper than new.
With used it's highly likely that someone will be able to get the colour and spec they would like as well, unless they hanker for some really unusual toys as part of the deal. Comparing buying cars new to buying clothes new is completely preposterous. I happened to buy my car outright a 2 years old 12,000 miles and as far as I'm concerned it is pretty much exactly as good as the brand new product but for only 60% of the cost. Yes of course it's cheaper to buy used but don't kid yourself that you're getting as good a product. Same goes for most consumables. Do the PCP haters buy used computers, washing machine and/or clothes etc? They're all available cheaper than new.
There have been quite a few posts on here where people defend PCP on the grounds that somehow it is either 'buy new' or 'buy some depressing old piece of crap that's about to fall apart'. The notion that a car that's done 30,000 at 3 years is the equivalent of a decrepit sheepdog about to be put out of its misery is completely absurd.
HumanDoing said:
There have been quite a few posts on here where people defend PCP on the grounds that somehow it is either 'buy new' or 'buy some depressing old piece of crap that's about to fall apart'. The notion that a car that's done 30,000 at 3 years is the equivalent of a decrepit sheepdog about to be put out of its misery is completely absurd.
Its not "defending" PCP or PCH, its explaining their reasoning for chosing it for their specific circumstances and from their perspective.Its interesting you use the word "defend", because frankly these threads do descending in to people "attacking" PCP / PCH users usually without wholly understanding the products and rarely taking an objective view.
If anyone is explicitly saying that a 3 year old car is "the equivalent of a decrepit sheepdog about to be put out of its misery" then yes they are wholly wrong, but likewise just because there are reasons why people might chose new over used, it doesnt make those who dont wrong - OR more pertinently if someone choses used over new it doesnt make PCP / PCHers wrong
There genuinely is no right or wrong answer. I bought my 2016 Passat at a year old for £15K when a new one after discount was £21K. That made sense to me and theres two years manufacturers warranty remaining. I'll probably recover £10K ish of that when i've owned it two years. I'm not however sitting here saying that EVERYONE must do as i have done otherwise they are WRONG, merely that thats what worked for me on that occasion. If someone wants to PCP / PCH a new one, or run an older one, then great
.HumanDoing said:
With used it's highly likely that someone will be able to get the colour and spec they would like as well, unless they hanker for some really unusual toys as part of the deal. Comparing buying cars new to buying clothes new is completely preposterous. I happened to buy my car outright a 2 years old 12,000 miles and as far as I'm concerned it is pretty much exactly as good as the brand new product but for only 60% of the cost.
Be grateful for pcp then because that's likely where your car came from. As long as you feel a 2 year old car is the the same as a new one, all power to you , but thats not how most people feel and the market reflects that liner33 said:
Be grateful for pcp then because that's likely where your car came from. As long as you feel a 2 year old car is the the same as a new one, all power to you , but thats not how most people feel and the market reflects that
What I mean is, it's not like it looked used inside or outside, looked 'old' or damaged. Genuinely if you sit in a 2 year old car with just a few thousands miles and it had a private plate or the plates taken off, I doubt you'd be able to categorically state if it was new or old. I'd never presume to lecture anyone on their financial affairs. HumanDoing said:
With used it's highly likely that someone will be able to get the colour and spec they would like as well, unless they hanker for some really unusual toys as part of the deal. Comparing buying cars new to buying clothes new is completely preposterous. I happened to buy my car outright a 2 years old 12,000 miles and as far as I'm concerned it is pretty much exactly as good as the brand new product but for only 60% of the cost.
There have been quite a few posts on here where people defend PCP on the grounds that somehow it is either 'buy new' or 'buy some depressing old piece of crap that's about to fall apart'. The notion that a car that's done 30,000 at 3 years is the equivalent of a decrepit sheepdog about to be put out of its misery is completely absurd.
Why is it preposterous to compare buying a used car with other consumables such as clothes and electrical products? Take a look at the offerings in charity shops, they're generally good quality used for a fraction of the price.There have been quite a few posts on here where people defend PCP on the grounds that somehow it is either 'buy new' or 'buy some depressing old piece of crap that's about to fall apart'. The notion that a car that's done 30,000 at 3 years is the equivalent of a decrepit sheepdog about to be put out of its misery is completely absurd.
As I said used can be OK but don't kid yourself that it's as good as new for a fraction of the price, it isn't.
daemon said:
del mar said:
I am sure we all offset out monthly pcp costs against our income tax ......
And thats frankly horse st of the highest order right there. 
Frankly its getting stunning the absolute b
ks people come out with to justify their skewed viewt?Granfondo said:
daemon said:
del mar said:
I am sure we all offset out monthly pcp costs against our income tax ......
And thats frankly horse st of the highest order right there. Frankly its getting stunning the absolute b
ks people come out with to justify their skewed viewt?daemon said:
Granfondo said:
daemon said:
del mar said:
I am sure we all offset out monthly pcp costs against our income tax ......
And thats frankly horse st of the highest order right there. Frankly its getting stunning the absolute b
ks people come out with to justify their skewed viewt?Granfondo said:
daemon said:
Granfondo said:
daemon said:
del mar said:
I am sure we all offset out monthly pcp costs against our income tax ......
And thats frankly horse st of the highest order right there. Frankly its getting stunning the absolute b
ks people come out with to justify their skewed viewt? out of people (yet actually always looking like a yourself) AND derail a thread - both of which you're doing now.I really dont understand what pleasure you get from doing what you do. The rest of us want a bit of debate but you just come along and derail it.
Pretty much every post you put on is a snide comment, an attempt to be a smart ass (invariably failing miserably) and you seem to take genuine pleasure in winding people up. No-one thinks your funny and you dont add any value.
Not only that but you follow me about on these threads like some sort of bad smell, and i frankly wish you'd f
k off.I've tried ignoring you, i've tried responding to you civilly, i've tried reporting you, i've tried being nice to you, i've tried being nasty to you, i've tried hinting, i've tried explicitly telling you and you just relentlessly turn up with your snide comments.
Why do you persist? You are genuinely the epitome of the pigeon on a chessboard analogy.
Edited by daemon on Saturday 23 September 14:08
Edited by daemon on Saturday 23 September 14:10
Jimboka said:
Bmw Bca Pricelist here:-
http://m.bmw.co.uk/finance/existing-customers/retu...
I guess from their perspective they dont actually do the repairs, but they know the car will make a little bit less at auctionhttp://m.bmw.co.uk/finance/existing-customers/retu...
Ok Deamon,calm down dear,and I will explain why your "horsest" put down is wrong!
As a partnership or sole trader you can offset depreciation and interest against your income tax at your tax rate and buisiness use even if it is on PCP or HP.
Not everyone is a powerfully built Co director with a goatee.
t" put down is wrong!As a partnership or sole trader you can offset depreciation and interest against your income tax at your tax rate and buisiness use even if it is on PCP or HP.
Not everyone is a powerfully built Co director with a goatee.
Granfondo said:
Ok,calm down dear,and I will explain why your "horsest" put down is wrong!
As a partnership or sole trader you can offset depreciation and interest against your income tax at your tax rate and buisiness use even if it is on PCP or HP.
Not everyone is a powerfully built Co director with a goatee.
You can yes, however t" put down is wrong!As a partnership or sole trader you can offset depreciation and interest against your income tax at your tax rate and buisiness use even if it is on PCP or HP.
Not everyone is a powerfully built Co director with a goatee.
(a) only a very small amount of people PCPing cars run their own business are in a position to do so
(b) of that very small amount, most people would be directed by their accountant to claim the miles instead rather than attempting to do what you are suggesting
(c) it a very tenuous link to suggest that of those very small amount of people who are doing that, that impacts everyone else as they have to pay for everyone elses PCP through their taxes.
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