JamieS2K

Just wondered how may people paid cash for their car or did this pcp thingy ! (think thats what it is) , where you put a deposit down, pay monthly for 3 years then a lump sum at the end? Cash probably as you are all very affluent !!!



thanks

Lurking Lawyer

Good old hard filthy lucre all the way.

(Not particularly affluent - just fortunate to have bought a little two bed shoebox of a house that has doubled in price in 4 years and so have some equity to squander! Neither my 02 nor the new 04 would have been affordable without the joys of equity release)

simmo

Cash / Loan as the car is then yours to do with as you please.

Hp can be a real pain if you want to sell the beasty before the end of term.

Richieh

50% cash, and a 4 year loan at 5.9% for the rest.
I could have afforded 3 years, but liked the idea of having lots of cash spare each month. The cost of spreading the loan over another year was minimal.

S2000 0E

Cash for me ..... i follow horse racing big time and the new car beleive it or not is the result of two good months racing , paying of the mortgage next

eSeM

Cash

JamieS2K

Blimey you lot have a few quid !!!!

I could have paid cash but didnt mainly because i wanted to have a bit in the bank for a deposit on a house, I did that 30 pct down bit with monthly and a lump some at the end which my ISA will take car off..

Bassoctopus

5.9% Loan for me. Looked at pcp on nearly new cars, but the interest was horrendous. Could have emptied my bank account and shares and almost paid for mine outright (mine was only

henrysj

cash by 18month loan + plus my old HR-V

gaddafi

I'm self-employed so...........

Lease purchase over 4 yrs.

I have no idea how the exact figs stacked up - that's my accountant's job.

I put down about