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Financing a car - PCP and other options

  • 06-02-2017 10:15pm
    #1
    arrowman
    Registered Users, Registered Users 2 Posts: 124 ✭✭


    Need to change the car in the next 3 months or so

    Currently driving a 2008 Avensis D4D imported from UK - has 150K miles on it. Burning a small bit of oil - not sure what I would get for it either as a trade or by selling it myself.

    Do about 20k miles per year with often up to 2 longish trips most weeks so I think a diesel is my only option.
    Thinking of an estate - have 3 kids although the other car is mainly used for ferrying them about.

    Have about €8-10K to put to the deal myself.

    I was wondering if a cheap (0%) PCP deal is an option for me? I have read many of the threads here and many newspaper articles on it but am still unsure. Would my mileage leave me at a disadvantage in terms of the value of the car at the end of the PCP?

    Have traditionally liked doing the deal on the basis that I have the money in my pocket - either my own or the bank's but the current car loan rates are mad expensive.


Comments

  • #2
    Colash
    Registered Users, Registered Users 2 Posts: 1,377 ✭✭✭Colash


    arrowman wrote: »
    Need to change the car in the next 3 months or so

    Currently driving a 2008 Avensis D4D imported from UK - has 150K miles on it. Burning a small bit of oil - not sure what I would get for it either as a trade or by selling it myself.

    Do about 20k miles per year with often up to 2 longish trips most weeks so I think a diesel is my only option.
    Thinking of an estate - have 3 kids although the other car is mainly used for ferrying them about.

    Have about €8-10K to put to the deal myself.

    I was wondering if a cheap (0%) PCP deal is an option for me? I have read many of the threads here and many newspaper articles on it but am still unsure. Would my mileage leave me at a disadvantage in terms of the value of the car at the end of the PCP?

    Have traditionally liked doing the deal on the basis that I have the money in my pocket - either my own or the bank's but the current car loan rates are mad expensive.

    Sell your avensis private .. and maybe start looking in the 10-12k price bracket of cars.. nothing against pcp or finance but if I had money there .. as u do.. id be trying to stay clear of finance and buy straight . 10-12k will bring you into low tax brackets and should get your a fairly decent diesal


  • #3
    arrowman
    Registered Users, Registered Users 2 Posts: 124 ✭✭arrowman


    Yes I know that my Avensis won't be too appealing as a trade in but I have little time to waste with tyre kickers over DoneDeal - apologies if I have offended anyone by this but I have experience of selling a piece of farm machinery on there before and the amount of time wasted in dealing with lads who were definitely buying it but then never closed the deal

    I was thinking of spending around the €20k mark and getting into a 2104/15 motor with low mileage.
    VW bank often seem to do good deals but maybe these are also PCP's - a Passat or a Skoda would be worth looking at.

    I had a look at a Volvo V60 (I think) estate - nice motor but a bit overpriced and I have heard bad stories on the Volvos re reliability


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