Used car prices

Used car prices

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Discussion

Armchair_Expert

18,356 posts

207 months

Wednesday 18th May 2022
quotequote all
I do think there are a lot of people who are so financially ignorant, that they either don't do or can't do the maths to work out they would be better off paying off the balloon. For a fair few people it may just be a subconscious decision to chop in and replace with a new...

Court_S

13,002 posts

178 months

Wednesday 18th May 2022
quotequote all
Armchair_Expert said:
I do think there are a lot of people who are so financially ignorant, that they either don't do or can't do the maths to work out they would be better off paying off the balloon. For a fair few people it may just be a subconscious decision to chop in and replace with a new...
It might not always be that cut and dry...

Lots of businesses are closing company car schemes in favour of allowances (we've just done it), so people are personal leasing instead sometimes changing every few years out of habit / not seeing the car allowance as wages. Some car allowances have age limits attached to them, forcing you to stay on the PCP / lease cycle.

DiscoSINGH

271 posts

146 months

Wednesday 18th May 2022
quotequote all
TypeRTim said:
a.) add extra to the deposit and b.) up the monthlies to maintain spec.
This is where I’m at with my pcp hence looking at coming off the pcp merry go round.