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that's a Skoda PCP. You can normally change the deposit / balloon payment values to suit your repayment schedule if i remember correctly.
I originally bought my Fabia estate on a PCP but iirc i put down like 1% up front and then paid 180/month for 3yrs and had a 6k balloon payment at the end.
I also had 3yrs free servicing and some other stuff included
mcmyk
Fuck me I must admit I’m glad to be stuck in the banger end of the market (buying outright), I think I’d lose my mind trying to understand these more complicated finance options.
Neighbour has a new Fabia on lease that she recently bought at the end of the lease period - I’m not sure if it was a lease exactly, but monthly payments with an initial down payment then the option to buy outright. Even on something small like that the costs seem astronomical to me. £2-300/mo, at least 2k up front, and probably a sizeable final payment.
A £3k Astra (50k miles and 5 years old at purchase) did me for 80k miles and 10 years. I’ll accept that it wasn’t the classiest of motoring, but it was massively affordable and never skipped a beat in the decade I owned it - never broke down and never suffered any major component failure. Is it just the reality that car ownership is getting a lot more expensive?