• You can't really PCP a 17 year old car, more like a 3 year old car. Also, not many independent dealers offer PCP and contract hire/leasing, they offer traditional finance to cover the full value of the car, so you are buying the car thanks to a loan from a 3rd party finance company, usually at a non-competitive APR. Main dealers don't stock older cars, or if they do, they sell them in peak condition at a massively inflated price.

    It doesn't really matter how much is spent on one car per month as it just comes out of the profit at the end, comparing it to the monthly lease cost is bollocks because your end goal is to own outright an £80k car without spending £80k. It's the old trading up from a paperclip to a house idea, @Dammit is starting with a £7k car and hopefully ending up after 5 years or more with an £80k car by picking clever times to buy and sell cars. It's just trading in things you predict to increase in value.

    If you stand to sell a car for £30k and it cost you £15k including purchase price, then you've still made £15k profit, or more importantly in this scenario, you have £30k to buy another Porsche, hopefully one about to go up in value at an eye watering rate.

    Ideally, you buy one for £20k that needs £10k of work/regular maintenance to make it worth £40-45k in 2 years time.

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