Car on the never never question
Car on the never never question
Author
Discussion

eck c

Original Poster:

347 posts

212 months

Sunday 24th September 2017
quotequote all
I'm a bit old fashioned when it comes to buying things, as in if I don't have the cash I wont get it and the same applies to any cay I have owned. Now whatever is sitting in my driveway may not be special by PH standards but there is a certain sense of achievement seeing what you have bought and paid for.
Of late I have been looking to replace my workhorse with a newer model on a HP agreement. So the question is this, if having a vehicle on PCP/HP/etc do you still have that feel warm and fuzzy feeling driving a car that you will never fully own?

Ilovejapcrap

3,310 posts

130 months

Sunday 24th September 2017
quotequote all
According to my mate on his 3rd BMW on never never it wears off and you grow to resent it.

It's finishing soon and he's just got a 8 grand loan for a second hand golf instead. My ex girlfriend had a Citroen DS3 same thing and got annoyed near the end of any deal.

I don't know anyone else who's done it so out of the two I know, I'd say no

Dog Star

17,062 posts

186 months

Sunday 24th September 2017
quotequote all
I suspect any "warm and fuzzy" new car feeling will be as nothing compared to your smug sense of "achievement" about owning a used one.

The way it goes on here.

bitchstewie

60,503 posts

228 months

Sunday 24th September 2017
quotequote all
Depends on your mindset I guess.

People who have a £100/month C1 and I get it, it's just buying a service.

People who are paying £300/400/month or more and I just don't think it's as simple as mindset it gets into things like salary and other outgoings and just how much of a fk you need to give about that £300-400/month.

I don't think I'd like it but last time I did finance was on a 50/50 interest free that I knew I'd be paying off.

Ved

3,902 posts

193 months

Sunday 24th September 2017
quotequote all
Better off meeting half way with a cheap loan on a car you can pay off quickly that’s already depreciated.

There aren’t many new cars that excite me but there are decades of good ones out there so it depends on your needs.

I’ve done all sorts over the years and I don’t think I’ll go back to PCP.

anonymous-user

72 months

Sunday 24th September 2017
quotequote all
There’s no right answer, it depends entirely on the individual.

I like driving a lot of cars and change them frequently, at the moment I’m doing it without finance but I have had cars on finance in the past. It doesn’t make me feel any different about them, but then I’m not very materialistic and don’t give two hoots about how other people fund their lifestyles, or indeed what their lifestyles are.

eck c

Original Poster:

347 posts

212 months

Sunday 24th September 2017
quotequote all
Dog Star said:
I suspect any "warm and fuzzy" new car feeling will be as nothing compared to your smug sense of "achievement" about owning a used one.

The way it goes on here.
I merely try and live within my means, nothing smug intended,
I'm in NE Scotland and the amount of decent cars going about day to day is very high but with the recent downturn in the oil industry there has been a multitude of high end stuff returned to the dealers, dare I say it but your getting a half decent deal nowadays.


frisbee

5,382 posts

128 months

Sunday 24th September 2017
quotequote all
Rented driveway or mortgaged driveway?

daemon

38,051 posts

215 months

Sunday 24th September 2017
quotequote all
eck c said:
I'm a bit old fashioned when it comes to buying things, as in if I don't have the cash I wont get it and the same applies to any cay I have owned. Now whatever is sitting in my driveway may not be special by PH standards but there is a certain sense of achievement seeing what you have bought and paid for.
Of late I have been looking to replace my workhorse with a newer model on a HP agreement. So the question is this, if having a vehicle on PCP/HP/etc do you still have that feel warm and fuzzy feeling driving a car that you will never fully own?
Why not just a bank loan? Unless its a brand new car, its unlikely to be a lower interest rate on PCP or HP anyway.

Jag_NE

3,269 posts

118 months

Sunday 24th September 2017
quotequote all
i have a company car and a car that i own outright. i get much more pleasure looking after the one i own outright. the company car is worth at least double versus the one i own!

steve-5snwi

9,626 posts

111 months

Sunday 24th September 2017
quotequote all
I would consider a lease but I wouldn't spend more than £150 per month with very little deposit.

I would much prefer to go down the route of hp via a personal loan. The last time I looked m&s were 2.8%, even if I had the money in the bank I reckon I would borrow it.

eck c

Original Poster:

347 posts

212 months

Sunday 24th September 2017
quotequote all
frisbee said:
Rented driveway or mortgaged driveway?
I'd be smug if I told you that

Heathwood

2,880 posts

220 months

Sunday 24th September 2017
quotequote all
For me, a white goods / appliance type car on PCP lease and / or something a bit more special owned outright seems to work best.

anonymous-user

72 months

Sunday 24th September 2017
quotequote all
I've purchased all my cars apart from the current one on PCP.

No difference in the 'ownership' experience at all for me.

Edited by anonymous-user on Sunday 24th September 13:22

SAS Tom

3,703 posts

192 months

Sunday 24th September 2017
quotequote all
I’ve got a car on PCP and I enjoy having it. It gets looked after just as much as if I’d bought it outright.

I don’t really get the smugness of people who buy cheap cars. I’ve nothing against cheap cars and would happily own something that cost less than a grand if insurance allowed but this whole “I own my car so I’m superior to you” is bizarre.

eck c

Original Poster:

347 posts

212 months

Sunday 24th September 2017
quotequote all
SAS Tom said:
I don’t really get the smugness of people who buy cheap cars. I’ve nothing against cheap cars and would happily own something that cost less than a grand if insurance allowed but this whole “I own my car so I’m superior to you” is bizarre.
More "look at what I drive" but pay a fortune a month for is fairly common in my area, so many conversations started with "what you driving now"

Trif

783 posts

191 months

Sunday 24th September 2017
quotequote all
bhstewie said:
it's just buying a service.
This is how I view my lease car. Pick your budget, chose a car to fit it, it gets delivered to your driveway and off you go for 2 years. It's a bit annoying being forced to change cars at the end. Likewise it is a bit annoying having to constantly change broadband, mobile, electricity providers every year to get the best deal.

Remember, whatever way you pay for a car, it is going to cost you money. Even if you have the cash, that cash has a value attached to it that may be put to better use. And if we were all thinking about it purely logically, we should be buying cars that have bottomed out on depreciation but are in good condition.

liner33

10,853 posts

220 months

Sunday 24th September 2017
quotequote all
eck c said:
I'm a bit old fashioned when it comes to buying things, as in if I don't have the cash I wont get it and the same applies to any cay I have owned. Now whatever is sitting in my driveway may not be special by PH standards but there is a certain sense of achievement seeing what you have bought and paid for.
Of late I have been looking to replace my workhorse with a newer model on a HP agreement. So the question is this, if having a vehicle on PCP/HP/etc do you still have that feel warm and fuzzy feeling driving a car that you will never fully own?
Never fully own? You do own a car at the end of a hp agreement and you also own a car after completing all the payments on a pcp??


Pica-Pica

15,426 posts

102 months

Sunday 24th September 2017
quotequote all
frisbee said:
Rented driveway or mortgaged driveway?
Neither, nor with car.

anonymous-user

72 months

Sunday 24th September 2017
quotequote all
eck c said:
so many conversations started with "what you driving now"
I think that's an age/maturity thing. I've not had that question from anyone in decades!