Jones886
Established Member
Good point you have made there and in the current climate people are making or loosing very little money in there cars so it is a win win situation ATM but at some point this used car boom will crash I can see it going back to the days of been either thousands upside down or having to keep your PCP till the end to be in some sort of equity at the end market can't carry on like this forever.(everyones is different though depending on deposits they put down and so on)I bought my car new 5/21 for £23000 and am trading in for £22500, using simple mathematics that = £500 for 14 months which in my book is better than paying £5000 over 24 months for sweet f... a..
My personal opinion and this is just in my circumstances I used to find before all this started with covid/war etc I'd allways have a PCP on all my cars and 12/18 months down the line I'd allways find my self in negative equity and it would either be a lump and bump in to the next car which I never advise (learnt a hard lesson from that) or just ride it out I've now gone lease for the very two reasons 1. I can't change my car and be a idiot as I used to be so no getting my self in to debt with cars .2 breakdown/tax combined in to price
I know it's all a long hard slog ATM but hopefully soon we will see our new shiney Mg on the drive