Car appreciation... the aesthetics, the engineering, etc

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TGR in reply to @hudsoncjnr

Thanks for that. Re. Leaving the agreement when the value is less than expected, someone mentioned that this may result on a black mark against you when a credit check is done. Not sure if this is accurate info.

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mcmyk in reply to @TGR

I originally bought my Fabia on PCP when i got my first "real" job out of university and needed a car having not owned a daily driver for years. PCP worked out great because the initial deposit was low (1%), the repayments were affordable, interest rate was reasonable (3.6% iirc) and it came with 3 years free servicing included.

At the end of the term i had positive equity over market value, decided to just pay the final value of the car outright and keep it. That was 2 years ago, it's just about at break even point now as far as i can tell, but i'll probably run it until something catastrophic breaks

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TGR in reply to @mcmyk

Just to be clear as I’m a bit dim. At the end of the term your car was valued higher than market value, so you paid the final amount to buy the car outright. Now, some time later, your car has depreciated to what is current market value.
Have I got that right?
Also, would you go for PCP again?

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