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A PCP should be viewed as a rental and at the end you give the car back.
Whether £700 a month is a reasonable sum to drop on a rental only Dammit can decide.
You can lease a new Passat for about £260 a month. My mate just spent £1800 getting his 2009 Passat through the MoT. Add £1000 for depreciation and that's £233 a month. Add in the free breakdown cover and better mpg of a new car and it looks like a no brainer.
As I pointed out a while ago my 18 year old "cheap" 911 has cost more (or at least had a couple of months ago) than a brand new one would have done, if I'd leased it.
That said it's mine, now, and I shouldn't have to spend any more cash on it - I am going to, but that's because I want to.
In terms of the Volvo replacement I genuinely don't know what I want. Hence the vacillating. However, whilst 700 or so quid is well within the realms of affordability it does seem somewhat profligate to burn through that sort of money to drive 3,000 miles per year.
That's £2.80 per mile, which is almost certainly more expensive than just Ubering everywhere, albeit less sexist.
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Dammit
A PCP should be viewed as a rental and at the end you give the car back.
Whether £700 a month is a reasonable sum to drop on a rental only Dammit can decide.
You can lease a new Passat for about £260 a month. My mate just spent £1800 getting his 2009 Passat through the MoT. Add £1000 for depreciation and that's £233 a month. Add in the free breakdown cover and better mpg of a new car and it looks like a no brainer.