To ask how much you spend on car pcp p/math?

[Springiscoming20]

Need a new car (new to us) and for the first time we are tempted to buy a car on pcp rather than save and buy something outright. Just curious really what car you have and how much you pay.thank you

I do HP (£190pm for a 3 year old Suzuki Ignis, the newest car I’ve ever owned) but I know a few people who do PCP and they just make the monthly payments and then trade in for a new model without ever caring about owning the car at the end.

I only know one person who actually made the balloon payment and it was because her 17yo son had just passed his driving test. She agreed that if he saved up half of the final payment, she would pay the other half and he could have the car. She then took out another PCP on a new car.

I come from a long line of hardened car owners. Keep them till they fall apart. My BMW would have been 21 this coming January, i've had her 13 years, and yesterday she finally died :(

We could have spent apx 1k getting her through her MOT next month but honestly - she's becoming unreliable and living out in the middle of nowhere i can't have that. (plus she's always been awful to drive in any snow).

On Tuesday we're picking up a shiny 2 year old SUV with all the trimmings. We put down £500 and it's costing us £175 per month. It wont break down and we wont be shitting ourselves and fretting every time MOT month comes around.

It's taken a massive change of heart from DH - but our older DDs all do PCP and drive about safely in reliable brand new little cars which pass their MOTs for about £100 max each time. We wouldn't have a hope in hell of helping them to buy what they're driving. They have no qualms about budgeting a portion of their wages aside each month towards driving a nice car. Oldies like us are still a bit .... wincy about it but the sunken cost issues/will it wont it pass the MOT under a squillion quid of driving an old car around is not something i'll miss tbh.