PCP: How many people actually pay the balloon

[Rawwr]

HumanDoing said:

Rawwr said:

I really wish he'd just answer my question

Apologies, I'm sure you'll appreciate I have a lot of people demanding my time these days (on this thread alone in fact) - can you repeat what your question was and I'll be very happy to offer a considered response.

Regards,
HumanDoing.

I want to know what was bad about my PCP deal:

Honda Africa Twin DCT

MSRP: £12,179
Discount: £3,264.96
Flat rate: 0%
Deposit: £0
Amount of Credit: £8,914.04
36 Payments: £70
Balloon: £6,394.04

[HumanDoing]

Rawwr said:

I want to know what was bad about my PCP deal:

Honda Africa Twin DCT

MSRP: £12,179
Discount: £3,264.96
Flat rate: 0%
Deposit: £0
Amount of Credit: £8,914.04
36 Payments: £70
Balloon: £6,394.04

What was bad about your deal? Nothing. Looks like you got an excellent deal, congratulations.
Does that make PCP the best option for most people? No.

You can probably find the odd person who has run around the Southern Sahara desert at night wearing nothing but chunks of fresh gazelle meat strapped to their bks who didn't get attacked by lions, doesn't make it statistically the best course of action.

[Granfondo]

swerni said:

Rawwr said:

HumanDoing said:

Rawwr said:

I really wish he'd just answer my question

Apologies, I'm sure you'll appreciate I have a lot of people demanding my time these days (on this thread alone in fact) - can you repeat what your question was and I'll be very happy to offer a considered response.

Regards,
HumanDoing.

I want to know what was bad about my PCP deal:

Honda Africa Twin DCT

MSRP: £12,179
Discount: £3,264.96
Flat rate: 0%
Deposit: £0
Amount of Credit: £8,914.04
36 Payments: £70
Balloon: £6,394.04

Bike’s the wrong colour ?

Or it's an auto-spastic?

[Rawwr]

HumanDoing said:

Does that make PCP the best option for most people? No.

Source?

[Granfondo]

swerni said:

Granfondo said:

Or it's an auto-spastic?

Mine is

[Granfondo]

swerni said:

Granfondo said:

swerni said:

Granfondo said:

Or it's an auto-spastic?

Mine is

When I get a licence I'll come up and borrow your Harley.
Just been practising U turns on my Yukon.

The only thing that makes a Harley a bike is the fact it has 2 wheels the rest is agricultural machinery!

[Slopez]

I'm planning on keeping my Leon FR when the balloon payment is due next september. 1) it's a great all rounded car, done everything ive asked of it, so why would I want to sell? 2) sick of paying monthly repayments, much rather put that money into making the car better than what it can be e.g subtle interior and exterior modifications, plus a bit left to stash into savings.

[Blown2CV]

why is it after decades of leasing and financing options being available we have not just yet all concluded together that:

no one method of purchase is inherently better or cheaper, it's all about doing an intelligent eyes-open comparison
finance buyers aren't showing off anything
cash buyers aren't better people
having "something to show at the end" is not some kind of benefit (see above regarding comparing) and definitely does not mean you made a successful investment
there are lots of reasons to choose new over used, and vice versa, and it's down to the individual to prioritise what they want

[Mark-C]

Mark-C said:

Well I thought mine was a fair question but i’m not a fan of doxxing and can’t see it on this thread so if it’s happened to you and it’s not been dealt with by mods then that’s a bad reflection on PH. Of course you’re entitled to defend your wife.

So I now understand your anger but still don’t understand why you are so anti-PCP

Hi HD - just wondered if you have an answer to this? Was looking at comments on the Fiesta vs Civic article and see you’re back online. I really don’t care about the PCP thing that much but I am intrigued by people that get very angry about stuff online (and from what you say you seem to be on both sides of that) so was wondering why it is that PCP has you so riled ...

Cheers,
Mark

[HumanDoing]

Mark-C said:

Hi HD - just wondered if you have an answer to this? Was looking at comments on the Fiesta vs Civic article and see you’re back online. I really don’t care about the PCP thing that much but I am intrigued by people that get very angry about stuff online (and from what you say you seem to be on both sides of that) so was wondering why it is that PCP has you so riled ...

Cheers,
Mark

I'm not angry about anything sir. I first came on Pistonheads in order to have a bit of a laugh and discuss cars but unfortunately quickly learned it's (for the most part) populated by a bunch of overgrown bullies who act and behave as if the highlight of their lives was picking on kids at school and now hope to recapture that 'glory' by abusing people on the internet. So I only have two choices - take it lying down or come out fighting.

I've discussed it with my wife and she agrees that the right thing to do is not to be a coward and to come out in defence of my views, in defence of my right to express myself, in defence of common decency in fact. So that's what I'm doing.

[Mandat]

HumanDoing said:

I'm not angry about anything sir. I first came on Pistonheads in order to have a bit of a laugh and discuss cars but unfortunately quickly learned it's (for the most part) populated by a bunch of overgrown bullies who act and behave as if the highlight of their lives was picking on kids at school and now hope to recapture that 'glory' by abusing people on the internet. So I only have two choices - take it lying down or come out fighting.

I've discussed it with my wife and she agrees that the right thing to do is not to be a coward and to come out in defence of my views, in defence of my right to express myself, in defence of common decency in fact. So that's what I'm doing.

Can anyone show any examples of the bullying, doxxing or abuse that HD claims he has suffered on this thread, as I don't recall seeing anything of this nature?

[Rawwr]

Rawwr said:

HumanDoing said:

Does that make PCP the best option for most people? No.

Source?

[Stormfly1985]

HumanDoing said:

populated by a bunch of overgrown bullies who act and behave as if the highlight of their lives was picking on kids at school and now hope to recapture that 'glory' by abusing people on the internet.

That's a great description of your behaviour on the forums. Well done for admitting it.

[Elysium]

Slopez said:

I'm planning on keeping my Leon FR when the balloon payment is due next september. 1) it's a great all rounded car, done everything ive asked of it, so why would I want to sell? 2) sick of paying monthly repayments, much rather put that money into making the car better than what it can be e.g subtle interior and exterior modifications, plus a bit left to stash into savings.

Thats the best way to make PCP work. You have enjoyed a new car and built up a small amount of equity in it. By paying the balloon you will be buying a top notch used car, where you know the history inside out. If you PCP over 3 years and own for the following 2, you pretty much recover any interest costs and significantly drop your cost per month for the period of ownership.

[Rawwr]

Elysium said:

Thats the best way to make PCP work. You have enjoyed a new car and built up a small amount of equity in it. By paying the balloon you will be buying a top notch used car, where you know the history inside out. If you PCP over 3 years and own for the following 2, you pretty much recover any interest costs and significantly drop your cost per month for the period of ownership.

That's the way I think of PCP. It's a two step process, which is brilliant:

1) I get to specify a new vehicle to my requirements and tastes and then in three years time;
2) I get to buy a second-hand vehicle which meets my requirements and tastes of which I know the full history.

It's genius!

[TartanPaint]

You know when you've got friends over and a house full of kids playing together while the grown-ups have a cup of tea and a natter about the price of cars these days, and the kids start fighting over the non-existent rules to a totally made-up game, and it's completely nonsensical, but you just let them get on with it, because conflict resolution is a good thing to learn, and you try to carry on your grown-up conversation around it, but it goes on and on and on and escalates and gets louder and then the two older, fatter scruffy ones start ganging up on the little one with the thick glasses, and you start to get concerned a bit, but you still stand back because nobody is actually getting hurt yet, but eventually it's clear that neither side is going to get bored and go play with something else, and now all the adults in the room are looking sideways at each other and wondering when somebody is going to say something, but none of them want to because nobody was actually paying attention so nobody knows who was the instigator, and eventually it becomes clear that none of the the grown-ups is going to say anything, and you wonder if you should, and you wonder if the other grown-ups will thank you for it, or wonder quietly what makes you think you've got the right to shout at somebody else's kids, but clearly nobody else is going to do it, and your blood pressure rises, and you're no longer following the grown-up conversation properly, even though some interesting people seem to be trying to speak but the deafening brats are drowning it all out, and eventually you lose your rag completely and turn to the kids and shout,

WILL YOU LOT PLEASE KNOCK IT OFF!

Yeah, that's a bit like this thread.

Interestingly, in both my hypothetical scenario and this thread, there's an identical 99.9% chance the next comment being, "But he started it!!", and only a 0.1% chance of, "Sorry. We were just playing. We'll be quiet now."

[HumanDoing]

Mandat said:

Can anyone show any examples of the bullying, doxxing or abuse that HD claims he has suffered on this thread, as I don't recall seeing anything of this nature?

I'll put a 'greatest hits' of the some of the most appalling abuse I've received together later and post it. Some of it borders on hate speech.

[PhantomPH]

I'm quite amused by the fact that he is discussing this with his wife.

I hope she gave out a nice cuddle and said, "Don't pay attention to the nasty men...you're my big boy, yes you are".

This reminds me of those times when your see someone being overtaken over and over again and you think to yourself, "You think they would get it after a while", but in actual fact that person is just so blissfully self-involved that it never enters their head that they are actually the problem...

Anyway, this is hilarious. I'm going to miss reading this when the schools go back next week and HD's Mum limits his internet time again.

[Porsche911R]

Ken Figenus said:

But if that is your starting point end goal why not pay off more of the capital as you go rather than defer that whilst paying interest on it, and then pay interest on it AGAIN at end of the PCP? In my case swapping to a loan saved me about £12k over the PCP term for the same goal. !

the thing is it gets people into cars they cannot afford, hence they cannot get a loan over the PCP and why 85% have to give the car back.

all while the loan company make the money on the balloon !!

IF people are happy to see that as "rent a car" for £600 or what ever it's fine, but PCP is the single most expensive way to lose a load of money very quickly.

[PhantomPH]

I think this discussion was resolved a long time ago with the, 'Look at all your options and choose the best one for you as each case is different' comments, but some people seem determined to be validated by a bunch of strangers on a forum so keep coming back and insulting them and claiming to be being bullied etc.

I am a good example of how some things work some of the time and others work at others times. Some of my current garage is on PCP and some are bought outright with folding stuff. Who'd have thought it, eh? Different things are better on different occasions.