Re: Mega Cheap GT Cloverleaf Anyone?
I seriously looked into the PCP option when I chose my new car. After an awful lot of number crunching, taking into account all of the factors involved (depreciation, value of the car after x years if you buy it on finance, how much you are actually paying in total including interest, etc etc) then in my case it worked out better to buy the car outright with a loan than to go with the PCP.
Admittedly this was before the new offers came out, and the loan deal I got was a very good rate, plus I have a decent deposit to pay this time, which would effectively get wiped out if I had a PCP. But I'd say there is no deal that is right for everyone - go away and do the maths, then decide which is best for you, don't just assume that a lower monthly payment equals less actual cost to you come the end of the term.