I want to get of the pcp cycle

[Brandonflowers123]

Which is the best way and makes sense financially?

1. Buy my current car? 4.3k is the ballon payment. If still has warranty to 2021 As long as they service the car.

Or hand it back in, pay of the little damages? Someone hit the side of my car. Which has lead to a two small dents on door and a panel and paint damage. ( I don't mind it)

Buy a skoda Fabia vrs. or skoda superb

Both 1.9 tdi pd

I was thinking of getting one around 3k mark. Or maybe even less. And leaving 1k of any fixes and services I need to do such as cambelt change or turbo orball joints.

Which options makes financial sense?
Buying my car means I have a car which I know has had 9 services.

[Miserablegit]

It’s not clear what your current car is.
If it is worth more than the balloon then I’d pay the balloon and either keep the car or trade it in. You know the history of the car and buying another used one might cost you more in the long run as you don’t know the history etc.

[Car-Matt]

So £4k ish for what sounds like a 3-4 year old car OR a cash outlay to hand it back, give up on any equity in it and spend the same amount of cash on a 10 year old plus snotter?

I cant see what the dilemma is myself or maybe its just me?

[IanCress]

£4.3k for a 4 year old car with full service history sounds reasonable. I doubt you would be able to hand it back and get something similar.

Is it very high mileage? I ask as you mentioned your 4 year old car has had 9 services.

[Brandonflowers123]

Car-Matt said:

So £4k ish for what sounds like a 3-4 year old car OR a cash outlay to hand it back, give up on any equity in it and spend the same amount of cash on a 10 year old plus snotter?

I cant see what the dilemma is myself or maybe its just me?

The dilemma is, my current car is a1.4 turbo petrol.

It's in 45k miles.

I was hoping with a few repair these old vag engines go up to 200k. I've had one before but it was brought off a family member who I can trust

[Car-Matt]

Brandonflowers123 said:

Car-Matt said:

So £4k ish for what sounds like a 3-4 year old car OR a cash outlay to hand it back, give up on any equity in it and spend the same amount of cash on a 10 year old plus snotter?

I cant see what the dilemma is myself or maybe its just me?

The dilemma is, my current car is a1.4 turbo petrol.

It's in 45k miles.

I was hoping with a few repair these old vag engines go up to 200k. I've had one before but it was brought off a family member who I can trust

I rarely find its engines that cost money, its all the bolt on consumables......cambelts, water pumps, clutches, gearboxes, turbos , wheel bearings, suspension, bushes, cv joints and other age/mileage related items that are likely to present running costs.

It sounds like madness to me

[Baldchap]

The answer is to keep the current car, with its warranty for the next three years and its lower chance of issues. You then have (likely) a higher residual value than the snotter.

[IanCress]

You keep asking the same question over and over https://www.pistonheads.com/gassing/topic.asp?h=0&...

Clearly keeping the newer car with a warranty is financially the best option. I'm not sure what more we can tell you.

[ZX10R NIN]

+1 to the above, make the balloon payment & keep your current car.