What exactly is PCP? Have you ever done it?

Hairy Japanese BASTARDS!

Can someone explain it to me in simple terms?

What if someone sells it privately away from garages before the two years is up? And then defaults on the payment, then there's no car to repossess?

My car cost me €10k. It's a basic car. It's my car and I own it outright. It's 4 years old. I'll drive her until she dies. That could be 10-15 years, even more. I can't justify pissing €30,000 on a car, even if I had the money.

Thought this was gonna be about angeldust.

I Am Nobody

Oh I thought you were meaning the dust.I'll bow out now.Jaysus I must be old if that was what came to mind.

Ipso

Spot the scammer farmers.

Ipso

Ipso wrote: »

Spot the scammer farmers.

Animal angel dust and the human versoon are different. You wouldn't get high off the animal stuff, I don't think.

Or maybe it would. Angel dust is legal for horses, it comes in a syrup which you add to their feed, and they go mental for it. They get the sweats and everything.

I Am Nobody

A Tyrant Named Miltiades! wrote: »

Animal angel dust and the human versoon are different. You wouldn't get high off the animal stuff, I don't think.

Or maybe it would. Angel dust is legal for horses, it comes in a syrup which you add to their feed, and they go mental for it. They get the sweats and everything.

You'd go mental and have the sweats in the human version.Never knew there was an animal one!Oh those were good times and met alot of interesting people.

Insect Overlord

There was an American drug dealer in one of the early Ross O'Carroll-Kelly books called Peasey Pea.

I Am Nobody

Insect Overlord wrote: »

There was an American drug dealer in one of the early Ross O'Carroll-Kelly books called Peasey Pea.

There was a woman dealer in Branson called Olive Oil.Very intelligent woman and full of fiestiness. No idea why she chose that name though.Guess maybe because she was so slick in her dealings.

Look what we did with this thread!Sorry OP.

Ubbquittious

Hairy Japanese BASTARDS! wrote: »

Can someone explain it to me in simple terms?

What if someone sells it privately away from garages before the two years is up? And then defaults on the payment, then there's no car to repossess?

My car cost me €10k. It's a basic car. It's my car and I own it outright. It's 4 years old. I'll drive her until she dies. That could be 10-15 years, even more. I can't justify pissing €30,000 on a car, even if I had the money.

You piss up 6,000 or so as a deposit or bring back an old car to reduce the over-inflated purchase price (a price you'd never pay if you were just paying cash and not returning an old car) then you pay 2-300 a month for 3 years. Then you're suddenly expected to cough up 6-8k at the end of the 3 years. If you don't have how ever many k you need after 3 years the dealer gives you the soft option of continuing the monthly payments and getting another brand new car

Because so few people bother paying the 8k at the end (the """balloon payment""") and stay on repayments this keeps the sales ticking over and pumps a great deal of ~3 year old second hand cars onto the market.

Eventually the fun has to end because so many people signed up to the scheme and there is nowhere to get rid of the 3,6 and 9 year old cars that are still perfectly good. These cars tend to be quite boring and underpowered so they don't have much appeal unless you can ship a sh1tload of them out the country to some thirdworld place that wants them.

Hairy Japanese BASTARDS!

Ubbquittious wrote: »

You piss up 6,000 or so as a deposit or bring back an old car to reduce the over-inflated purchase price (a price you'd never pay if you were just paying cash and not returning an old car) then you pay 2-300 a month for 3 years. Then you're suddenly expected to cough up 6-8k at the end of the 3 years. If you don't have how ever many k you need after 3 years the dealer gives you the soft option of continuing the monthly payments and getting another brand new car

Because so few people bother paying the 8k at the end (the """balloon payment""") and stay on repayments this keeps the sales ticking over and pumps a great deal of ~3 year old second hand cars onto the market.

Eventually the fun has to end because so many people signed up to the scheme and there is nowhere to get rid of the 3,6 and 9 year old cars that are still perfectly good. These cars tend to be quite boring and underpowered so they don't have much appeal unless you can ship a sh1tload of them out the country to some thirdworld place that wants them.

Does that not produce a lot of perfectly good 2nd hand cars for people who don't give a sh1t about power and appearance? IE, me.

Ubbquittious

Hairy Japanese BASTARDS! wrote: »

Does that not produce a lot of perfectly good 2nd hand cars for people who don't give a sh1t about power and appearance? IE, me.

It does. But in 3 years time your 2nd hand car is probably still good and since you don't give a sh1t and you don't have a massive balloon payment knocking on your door you won't feel compelled to to buy another one that's 3 years old


Eventually the fat guy who owns the local ugly glass box main dealer has trouble shifting his 3 year old cars and he starts ringing SIMI and agitating them to drum up a massive smear campaign against older cars and to pressurise their insurance industry contacts into making older cars hard to insure so the PCP game can go on for another couple of rounds