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+---- Thread: Outright Purchase or Hire-Purchase (/Thread-Outright-Purchase-or-Hire-Purchase)
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RE: Outright Purchase or Hire-Purchase - xxxx5 - 26-12-2012 11:21pm
Pcp for me, wouldn't buy a car any other way now.
RE: Outright Purchase or Hire-Purchase - Vokey - 27-12-2012 01:24am
I did the same as Bodlyfunctions. put it on the house at 2.69% over a 4 year term. The PCP rate was 8.9% and a HP loan was 7.9% If i had the Cash out right i would still buy as PCP and HP rates dont make sense. However i can see some merit in PCP as you can just give the car back after the term and dont have any issues trying to sell it etc.
xxxx5 - whats the reason for your decision?
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Dynamic SD4 5dr Auto / Firenze Red / Verve interior / Lux pack / Santorini Black contrast roof / Ebony Headliner / Privacy Glass / Heated Steering Wheel / Style 7 Shadow Chrome Wheels
RE: Outright Purchase or Hire-Purchase - griff - 27-12-2012 10:10am
HP for me with low interest and payments to match my work car allowance so its cost neutral for me.
RE: Outright Purchase or Hire-Purchase - xxxx5 - 27-12-2012 12:29pm
(27-12-2012 01:24am)Vokey Wrote: I did the same as Bodlyfunctions. put it on the house at 2.69% over a 4 year term. The PCP rate was 8.9% and a HP loan was 7.9% If i had the Cash out right i would still buy as PCP and HP rates dont make sense. However i can see some merit in PCP as you can just give the car back after the term and dont have any issues trying to sell it etc.
xxxx5 - whats the reason for your decision?
-------------------------------------
Dynamic SD4 5dr Auto / Firenze Red / Verve interior / Lux pack / Santorini Black contrast roof / Ebony Headliner / Privacy Glass / Heated Steering Wheel / Style 7 Shadow Chrome Wheels
It just works out cheaper for me, and I change my car every 2-3 years.
Outright Purchase or Hire-Purchase - muff - 28-12-2012 01:29am
Outright purchase. Don't trust banks or financial institutions anymore.
RE: Outright Purchase or Hire-Purchase - Steveb68 - 28-12-2012 09:23am
Cash purchase
Re: Outright Purchase or Hire-Purchase - DaveR - 29-12-2012 10:54am
I also in effect borrowed from my mortgage. I used savings to buy the car outright instead of paying the mortgage off with it. .... well you can't take it with you
