DublinHead54
Registered User
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- 1,054
Hi,
I am in the market to buy a new car (including 2nd hand) and trying to figure out the best way to finance. I've bought one car previously which I did on hire purchase and paid off early.
The PCP deals look pretty attractive, but I have a couple of questions and hope people have some insight! I'm looking for a car that will see me through 10 years, probably a PHEV or maybe a full electric. I only do short journeys during the week so not sure about Diesel and then I do long trips at weekends of ~250km with no car chargers at the houses I visit.
1. Is the balloon payment generally a fair price?
2. How often do you end up in the situation at the end of the PCP that the car is worth more than the fair value giving you equity / deposit for another PCP deal?
I am in the market to buy a new car (including 2nd hand) and trying to figure out the best way to finance. I've bought one car previously which I did on hire purchase and paid off early.
The PCP deals look pretty attractive, but I have a couple of questions and hope people have some insight! I'm looking for a car that will see me through 10 years, probably a PHEV or maybe a full electric. I only do short journeys during the week so not sure about Diesel and then I do long trips at weekends of ~250km with no car chargers at the houses I visit.
1. Is the balloon payment generally a fair price?
2. How often do you end up in the situation at the end of the PCP that the car is worth more than the fair value giving you equity / deposit for another PCP deal?