AIBU to ask…

4 replies

hiddeneverythin · 14/07/2025 22:57

Those of you who drive a new-ish SUV - what do you pay and how do you finance it? I’ve been shopping round for a family car recently and the monthly payments on PCP are eye watering. Is there a better way?! (I need to change my car!)
Thank you!

OP posts:

CantHoldMeDown · 14/07/2025 23:00

This reply has been withdrawn

This has been withdrawn by MNHQ at the poster's request.

Original poster

hiddeneverythin · 15/07/2025 22:39

@CantHoldMeDown Thank you! That’s certainly different to how I do it!

OP posts:

mintgreensoftlilac · 15/07/2025 22:42

Yeah I have a ‘21 plate Skoda kodiaq (really rate it!). We bought it last year (so it was 3 years old) for £19k. Took out a 5 year bank loan which is £350 per month. We plan to keep it more than 5 years so will have hopefully a few years of no monthly payments (though of course some repairs are likely so there will be some cost). Personally I’d rather do that than go on PCP for a brand new car. Cars these days are much more reliable so no need to go brand new in my opinion!

HarryVanderspeigle · 15/07/2025 22:53

When you finish paying off the new car, put the same amount into savings each month. Then when you need the next car you will have a hefty down payment, or possibly the whole lot.

Flip