mjheathcote
Centenary Club
- Messages
- 9,046
I think this maybe right. I don't know many people who have bought expensive cars out right. Plus when you can get deals at 0% surely it's better to leave your own money alone for a rainy day. After all your money will not depreciate where as the car you pay cash for will as soon as you drive it away so in some cases financing makes sense.
The 0% deals are on brand new cars, which you loose thousands as soon as you drive it home for the first time!
You don't see 0% deals on their used cars, if you ever do, the price is inflated with no further discount, so not really 0% at all!
When I was buying my BMW as my 'company car' being second hand, every dealer was pushing their PCP deal, which even with BMW was around 10% APR!! Why should you, when if you have a decent credit score you can borrow the money at around 3% saving thousands of pounds and no tie-ins.