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I bought my last car in the UK on PCP - it worked out great for me at the time (I had recently graduated from my masters and had a full time job but not heaps of savings to buy a car outright).
I spent 10,400gbp with 1% deposit, over 3yrs with a ~6k baloon payment at the end. I think repayments were about 180gbp a month. I ended up buying the car out right at the end and using it for another 3yrs before I sold it when i left the UK.
The deal I got was a bit sweeter as it also included 3yrs free servicing and a lower than normal interest rate (i think it was 3%?)
mcmyk
Been sucked down the PCP rabbit hole on piston heads and money saving expert where it is torn apart, but lots of people use it to get a car, so surfacing here for a reality check. I’ve seen one and it looks like the right deal for me at the moment. Has anyone got any genuine PCP horror stories?