How do you use PCP?
Discussion
I paid cash for one of my cars, wish I had got PCP, at least I would have had some future value and "get-out" point, instead it has probably cost me £1k per month in depreciation and I am pretty sure the interest would have been less.
PCP, HP, lease, cash all have a right place and right time, who really cares what other people do or if they can "afford" it, sad pathetic little lives you must lead if it actually bothers you.
I, for one, am glad people do, as I generally buy my cars used so the more new cars people buy the greater my choice in a few years.
PCP, HP, lease, cash all have a right place and right time, who really cares what other people do or if they can "afford" it, sad pathetic little lives you must lead if it actually bothers you.
I, for one, am glad people do, as I generally buy my cars used so the more new cars people buy the greater my choice in a few years.
TheStigsWeeBrother said:
It was a very simple question but obviously not simple enough for you.
1) Where did I say I buy all my cars cash?
2) Wher have people said that ALL PCP'ers have no money?
3) Do you actually believe that EVERY PCP'er has the full purchace price in the bank?
4) Could you answer the original question without all the hyperbole/lies?
Off topic but related1) Where did I say I buy all my cars cash?
2) Wher have people said that ALL PCP'ers have no money?
3) Do you actually believe that EVERY PCP'er has the full purchace price in the bank?
4) Could you answer the original question without all the hyperbole/lies?
Edited by anonymous-user on Wednesday 23 January 07:23
Throw a pic or two up of your MK1 on your profile or in readers’ rides.
Cracking little motors.
PS - don’t worry about including pics of the receipt to show how you paid for it. Nobody with half a brain cares
Edited by anonymous-user on Wednesday 23 January 07:47
TheStigsWeeBrother said:
roadsmash said:
Oh god!
Caught red handed!!! We’ve got a monthly insurance payer here!!!
BUYS ALL HIS CARS CASH BUT HASNT GOT ENOUGH LEFT IN THE BANK TO INSURE IT UP FRONT!!!
Do you know how pathetic that sounds?
That’s what you sound like when you and your other cronies claim that all who PCP have no cash.
It was a very simple question but obviously not simple enough for you. Caught red handed!!! We’ve got a monthly insurance payer here!!!
BUYS ALL HIS CARS CASH BUT HASNT GOT ENOUGH LEFT IN THE BANK TO INSURE IT UP FRONT!!!
Do you know how pathetic that sounds?
That’s what you sound like when you and your other cronies claim that all who PCP have no cash.
1) Where did I say I buy all my cars cash?
2) Wher have people said that ALL PCP'ers have no money?
3) Do you actually believe that EVERY PCP'er has the full purchace price in the bank?
4) Could you answer the original question without all the hyperbole/lies?
Edited by TheStigsWeeBrother on Wednesday 23 January 07:23
But I’ll answer the PCP’ing isn’t spreading the cost question...
...Of course it is. With an optional balloon at the end.
Jesus Christ.
Let people buy cars how they want stop being so bothered.
Superleg48 said:
I really don’t care how people purchase their cars. It really does not interest me at all. Why the subject of PCP or indeed any other mechanism creates so much debate is beyond me.
I also don’t care who drives what, just so long as they are enjoying what they are driving if the car was their choice to buy. This notion that PCP somehow entitles the undeserved to drive a nice car, expressed by some people is utter bks. Since when do we sit in judgement and determine who should be driving what? Plainly ridiculous.
As with most things, people will just do what suits them. It really is not that interesting. The cars, however, are interesting...sometimes...so talk about them instead.
Why do you open a thread that you're not interested in, then post on it tell everyone you aren't interested in the subject.I also don’t care who drives what, just so long as they are enjoying what they are driving if the car was their choice to buy. This notion that PCP somehow entitles the undeserved to drive a nice car, expressed by some people is utter bks. Since when do we sit in judgement and determine who should be driving what? Plainly ridiculous.
As with most things, people will just do what suits them. It really is not that interesting. The cars, however, are interesting...sometimes...so talk about them instead.
roadsmash said:
TheStigsWeeBrother said:
roadsmash said:
This topic was exhausted on a very similar thread only last week. It reached over 30 pages.
Bottom line is that I PCP/lease my cars and buy everything else. Although I’m not against buying cash and may do so in the future for the right deal/car.
There are MANY good PCP/leases and MANY poor cash deals... and VICE VERSA.
I wonder how many “anti PCP’ers” on here pay monthly for their car insurance opposed to buying up front.
It would be laughable if any of them refuse to spread the cost of a car over monthly payments but then insure it via a monthly direct debit.
Would love to know that stat.
PCP’ing a car isn’t spreading the cost over the term though is it?Bottom line is that I PCP/lease my cars and buy everything else. Although I’m not against buying cash and may do so in the future for the right deal/car.
There are MANY good PCP/leases and MANY poor cash deals... and VICE VERSA.
I wonder how many “anti PCP’ers” on here pay monthly for their car insurance opposed to buying up front.
It would be laughable if any of them refuse to spread the cost of a car over monthly payments but then insure it via a monthly direct debit.
Would love to know that stat.
Caught red handed!!! We’ve got a monthly insurance payer here!!!
BUYS ALL HIS CARS CASH BUT HASNT GOT ENOUGH LEFT IN THE BANK TO INSURE IT UP FRONT!!!
Do you know how pathetic that sounds?
That’s what you sound like when you and your other cronies claim that all who PCP have no cash.
VAGLover said:
Fair point, if cash purchase brings more risk, and you apply a realistic opportunity cost of return. Say 1.5% then it actually makes pcp seem more compelling.
Anyway, each to their own
FYI. I have enough cash to buy my cars in cash. I personally pcp and then pay off half way through,
I don’t want a good sized chunk of cash tied up in an asset on the drive - I value liquidity
Surely you have enough liquidity remaining that you can cover a cash purchase without financial hardship. If not, PCP is indeed for you.Anyway, each to their own
FYI. I have enough cash to buy my cars in cash. I personally pcp and then pay off half way through,
I don’t want a good sized chunk of cash tied up in an asset on the drive - I value liquidity
jimPH said:
VAGLover said:
Fair point, if cash purchase brings more risk, and you apply a realistic opportunity cost of return. Say 1.5% then it actually makes pcp seem more compelling.
Anyway, each to their own
FYI. I have enough cash to buy my cars in cash. I personally pcp and then pay off half way through,
I don’t want a good sized chunk of cash tied up in an asset on the drive - I value liquidity
Surely you have enough liquidity remaining that you can cover a cash purchase without financial hardship. If not, PCP is indeed for you.Anyway, each to their own
FYI. I have enough cash to buy my cars in cash. I personally pcp and then pay off half way through,
I don’t want a good sized chunk of cash tied up in an asset on the drive - I value liquidity
I have more than enough to cover my daily outgoings and buy a car with cash if needed.
roadsmash said:
TheStigsWeeBrother said:
roadsmash said:
Oh god!
Caught red handed!!! We’ve got a monthly insurance payer here!!!
BUYS ALL HIS CARS CASH BUT HASNT GOT ENOUGH LEFT IN THE BANK TO INSURE IT UP FRONT!!!
Do you know how pathetic that sounds?
That’s what you sound like when you and your other cronies claim that all who PCP have no cash.
It was a very simple question but obviously not simple enough for you. Caught red handed!!! We’ve got a monthly insurance payer here!!!
BUYS ALL HIS CARS CASH BUT HASNT GOT ENOUGH LEFT IN THE BANK TO INSURE IT UP FRONT!!!
Do you know how pathetic that sounds?
That’s what you sound like when you and your other cronies claim that all who PCP have no cash.
1) Where did I say I buy all my cars cash?
2) Wher have people said that ALL PCP'ers have no money?
3) Do you actually believe that EVERY PCP'er has the full purchace price in the bank?
4) Could you answer the original question without all the hyperbole/lies?
Edited by TheStigsWeeBrother on Wednesday 23 January 07:23
But I’ll answer the PCP’ing isn’t spreading the cost question...
...Of course it is. With an optional balloon at the end.
Jesus Christ.
Let people buy cars how they want stop being so bothered.
jimPH said:
Brooking10 said:
Have cash must spend ?
That sounds remarkably irresponsible Jim
Maybe you should read my post again. I'm pointing out how irresponsible it would be to spend all your money on something like a car. That sounds remarkably irresponsible Jim
Sounds sensible, surely ?
Brooking10 said:
jimPH said:
Brooking10 said:
Have cash must spend ?
That sounds remarkably irresponsible Jim
Maybe you should read my post again. I'm pointing out how irresponsible it would be to spend all your money on something like a car. That sounds remarkably irresponsible Jim
Sounds sensible, surely ?
Did you?
VAGLover said:
My desire for liquidity isn’t to cover basic outgoings - it’s for having the ability to do spontaneous things, or make major purchases. Or in this climat post brexit pick up distressed assets!
I have more than enough to cover my daily outgoings and buy a car with cash if needed.
We seem to be sharing the same outlook re post brexit. Yet have completely opposing strategys. Mine has been to eliminate or minimise any and all monthly outgoings in order to maximize my total savings. I also have the option of credit, without declaring any monthly payments that might affect my application to do so.I have more than enough to cover my daily outgoings and buy a car with cash if needed.
If anyone was looking to remain liquid in preparation to purchase an expensive asset, surely getting bogged down with car finance would be best avoided?
Might just be me. But arguments along these lines are generally just hyperbole.
TheStigsWeeBrother said:
Brooking10 said:
jimPH said:
Brooking10 said:
Have cash must spend ?
That sounds remarkably irresponsible Jim
Maybe you should read my post again. I'm pointing out how irresponsible it would be to spend all your money on something like a car. That sounds remarkably irresponsible Jim
Sounds sensible, surely ?
Did you?
Where have you got that idea from ?
jimPH said:
VAGLover said:
My desire for liquidity isn’t to cover basic outgoings - it’s for having the ability to do spontaneous things, or make major purchases. Or in this climat post brexit pick up distressed assets!
I have more than enough to cover my daily outgoings and buy a car with cash if needed.
We seem to be sharing the same outlook re post brexit. Yet have completely opposing strategys. Mine has been to eliminate or minimise any and all monthly outgoings in order to maximize my total savings. I also have the option of credit, without declaring any monthly payments that might affect my application to do so.I have more than enough to cover my daily outgoings and buy a car with cash if needed.
If anyone was looking to remain liquid in preparation to purchase an expensive asset, surely getting bogged down with car finance would be best avoided?
Might just be me. But arguments along these lines are generally just hyperbole.
Number of dependents, lifestyle, assets, mortgage or lack of, investments, career trajectory, earning potential, redundancy provisions etc etc
There really is no one size fits all answer.
Edited to add - the vast majority of people would agree with you that in times of economic uncertainty insulating oneself against a downturn in personal fortunes is a good idea.
The current trend of reduced consumer expenditure, falling car sales, slowing property sales and increased levels of household debt repayment should give you some comfort that the entire population is not as stupid as some think.
Edited by anonymous-user on Wednesday 23 January 09:57
jimPH said:
VAGLover said:
My desire for liquidity isn’t to cover basic outgoings - it’s for having the ability to do spontaneous things, or make major purchases. Or in this climat post brexit pick up distressed assets!
I have more than enough to cover my daily outgoings and buy a car with cash if needed.
We seem to be sharing the same outlook re post brexit. Yet have completely opposing strategys. Mine has been to eliminate or minimise any and all monthly outgoings in order to maximize my total savings. I also have the option of credit, without declaring any monthly payments that might affect my application to do so.I have more than enough to cover my daily outgoings and buy a car with cash if needed.
If anyone was looking to remain liquid in preparation to purchase an expensive asset, surely getting bogged down with car finance would be best avoided?
Might just be me. But arguments along these lines are generally just hyperbole.
Distressed assets sell fast, maybe no time to apply for Loan
Also, I have a car allowance which virtually covers monthlies anyway
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