PCPs

[Oldy]

This article makes interesting reading.

/www.theguardian.com/money/2017/feb/10/are-car-loans-driving-us-towards-the-next-financial-crash

[Oldy]

Well, it would if the link worked!!

www.theguardian.com/money/2017/feb/10/are-car-loans-driving-us-towards-the-next-financial-crash

[doylebros]

Yes an interesting article - I know of vehicles which the the ballon payment was thousands more than they got at the auction, since the renter took the out option.

[rich83]

The market will be flooded with golf Rs, BMW M135i 335i etc etc. There should be some bargains to be had

[doylebros]

The market will be flooded with golf Rs, BMW M135i 335i etc etc. There should be some bargains to be had

I feel you could add the M4 to that list Rich, as I see there price falling quickly, especially if it's the wrong specification.

[grey golfster]

Yep, would very much agree that this is likely an impending problem, that may well touch us all- like it or not?

Another being the VW dieslegate scandal, which are some of the reasons I have leased a new diesel auto Tiguan as my "beater" for work.
£33k car for £1k down and £350 a month, meets my work transport needs, and because of the lease, not PCP, I don't give a monkeys what it's "worth" in 3 years.
Big difference being it's a tool I need, not an aspirational want? A budgeted overhead.

But when the car market all collapses, then what???   

Perhaps namsgti will get his Ed 30 for even less that the £5k he seems to have budgeted for 
And I may get my F Type?