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Full payment vs PCP

masterboy123 · 2016-12-17 21:29:38

I need an advice on this issue. If a car costs 35000 euros and have got the savings to pay for it in full. However then i will be left with limited funds. So i thought of paying 60% down payment and get 40% loan from dealer. But dealers PCP finance say max deposit could be 11000 euros. And then pay 5.9% APR and total cost…

Comments

#32 21-12-2016 03:00PM

masterboy123

Registered Users, Registered Users 2 Posts: 6,133 ✭✭✭

Join Date: July 2012

Posts: 5330

Well i have taken into consideration the cost of motor tax, fuel economy, interest rate as well as my insurance which is ridiculously high.

I wouldn't go for demo version. Because so many people drive the car and uses the gear differently...i believe in long term demo car would cause engine trouble.

Idbatterim wrote: »

credit union have a loan within share option, which might work well for you. Hilarious actually being on a thread, where interest is being mentioned as a substantial cost, which it is. Isnt it all about the E280 motor tax and interest isnt a legitimate cost? :rolleyes: Depreciation also isnt a cost to most :rolleyes:

op would you buy a demo etc? I work beside a bm garage and know a few of the lads working there, the hit people bought buying a 161 brand new v a 161 demo in the second half of the year, was substantial...

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