Applied for finance

[tsedge]

Sure, but I only buy cash. Never seen any advantage in PCP or any other finance.

Main advantage is you can invest the cash or use it for something else if you finance.

 

[MikeJS]

Main advantage is you can invest the cash or use it for something else if you finance.

Old school me. Never borrowed to buy anything in my life other than my first house.

 

[tsedge]

Old school me. Never borrowed to buy anything in my life other than my first house.

Fair play. Different strokes for different folks.

 

[LenEV2016]

Old school me. Never borrowed to buy anything in my life other than my first house.

Fortunate position to be in, they way everything has increased in comparison to wages (houses especially) the younger generation will unfortunately be relying on mortgages/loans etc

 

[JonnyG]

Sure, but I only buy cash. Never seen any advantage in PCP or any other finance.

ETTO but to pay that much cash into a depreciating asset is not something I’d do.

I much prefer to personal lease my cars with low upfront 3 months payment and invest my cash in a Stocks and Shares ISA and watch it grow tax free. It’s certainly worked well over the last 2, 3, 4, 5 years.

Plus no £400 odd per year VED tax to pay on a lease.

Plus more consumer rights through the Financial Ombudsman.

That can be the advantage of leasing and even more so if you can do it through work on salary sacrifice.

DefinitelyNotAGuru on YouTube has done plenty of detailed comparisons to show leasing is best in most cases.