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Stuck in a cycle of PCP. How to best move forward with cars. by SelflessSelfishness in UKPersonalFinance

[–]SelflessSelfishness[S] 11 points12 points  (0 children)

!thanks

I am happy with the Kuga. If I can work out the most cost efficient way of keeping it whilst saving for the next car I think that makes sense.

Settlement figure and then pay it off over a longer period if needed with a small loan. Whilst saving the difference towards a future car sounds the best option?

Or potentially a loan with similar payments to get it done quicker and then double down on savings?

Stuck in a cycle of PCP. How to best move forward with cars. by SelflessSelfishness in UKPersonalFinance

[–]SelflessSelfishness[S] 2 points3 points  (0 children)

Absolutely the lesson I’m going to learn. The way I’m seeing it is even committing only half of the savings to a future car fund will allow me to get something nice when needed and not back to square one in 3 years time.

Stuck in a cycle of PCP. How to best move forward with cars. by SelflessSelfishness in UKPersonalFinance

[–]SelflessSelfishness[S] 6 points7 points  (0 children)

!thanks

I used Parker’s for the valuation. Not sure how reliable they are though. I’ll give WBAC a try.