You are reading a single comment by @TGR and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
TGR
mcmyk
When i got to the end of the deal, Skoda sent me a letter saying the agreed final value was £6.5k, they were selling on autotrader at £8.5k+ for the same car, similar mileage and history.
So i paid the remaining 6.5k, bought it outright and have run it for 2 years and it's now worth about 6.5k-7k.
I think PCP is really good if you need a car that's an affordable deposit with affordable monthly repayments - it suited my financial situation at the time, but i wouldn't use it again personally as i'm in a different situation compared to then. I'd probably try and buy something 3yrs old outright.