How do people afford to PCP brand new cars?!

[JusWunderin]

DH recently mentioned looking into us getting the car I’ve had my eye on for many eyes now. But we’ve looked at prices for financing one and my good god alive it’s not what I expected!

I’m struggling to imagine someone having £400 a month to comfortable pay for a car, we had a budget of about £200 a month.. which I thought would get me something pretty nice!😂

My heart is a little sore, I’ve never really had anything ‘proper nice’ we don’t buy anything designer, branded/luxury. We live modestly, both work full time in what we thought were good jobs on relatively good money for where we live. this car was the one thing I just thought would be my little bit of luxury in life.. but it turns out it’s quite far out from ‘a little bit’ of luxury 😂 it’s big luxury and now I’m pretty gutted as I can’t imagine us ever having that sort of money to fork out every month for a car 😅

If you lease/brought a brand new car recently.. how? What job do you do? How much do you earn (if you don’t mind me asking)? I need to know where I’m going wrong 😂

I know it’s an old comment but you absolutely can get a < £10K on a PCP.

PCP can be good.

I keep my cars for 8 to 10 years so always buy new or nearly new.

I am in a position where I could pay cash. Just ordered a Skoda on 0 percent PCP. Which means I get to keep the money in a fixed rate account for 2 years at five percent.

Then the dealership offered me 8 percent off list price. The Max discount for cash was 2 percent.

Also got a free dash cam, alloy insurance as part of the deal. And free service for 2 years.

Also it gives me worry free motoring for three years and European wide breakdown cover for three years.

So the whole value of the deal on PCP works for me. I get the interest from the money in the bank, they can give me a bigger discount and I got some extra added value bits too .