This was my first PCP. The unfortunate current circumstances and the timing of the end of contract have worked well for me as it happens and I’m jolly glad that I didn’t buy the car. Back it goes. Doesn’t mean that I’ll do it again though.
Dad and I have said for years there'd be no congestion on the roads if all the vehicles that weren't fully paid for were removed. Maybe we will find out now....
According to government guidance you shouldn’t be on the road now unless your journey is necessary or words to that effect, makes you realise how much unnecessary traffic was on the roads.???Dad and I have said for years there'd be no congestion on the roads if all the vehicles that weren't fully paid for were removed. Maybe we will find out now....
The wording used is "essential"
Funny how not so long ago a monstrous 19 plate German SUV was the thing to be seen in. Now I see one on it's one trip out per week parked at the supermarket and think "Glad I've not got to make the payments on that".
I should imagine it's a bit quiet now in Philips yard!
I stand corrected, when I wrote my original post I was unsure of the exact wording of the govt advice which is why I added “or words to that effect “, I’m sure the vast majority of the population will be unsure of the exact wording or indeed the difference between not necessary and not essential, it’s the spirit of the Advice rather than the technicalities that’s important.
Yep, many of this young generation don’t realise that they are only renting a car not buying it. Sometimes that can be an advantage for business if you can justify the cost. Fleets are best funded like that to fix costs. Personally after 38 years of company vehicles I run my own now and as long as you look after them it’s fine. They are still a pit for money though. Only old classics appreciate in value!!
Surprisingly used car prices haven’t really dropped that much at least not as much as I expected........ yet
came across an acquaintance in the q for the chemist who was put on the 80% .his works had shut the business earlier and helped all employees, emergency lads on rota etc, good on them( window roofing etc) now on the 80%reckons no transport costs, no pub, no spend on family ,no little luxuries , mrs not spending ,holiday cancelled says hes better off , money in pocket.The question I would like answered is who will end up with the bill,?
I think it has an element of truth. One of the “drivers” for price is availability and until now the glut of 2/3 year old ex PPI cars and short term contract hire has kept used car prices competitive, but maybe with the new car market faltering, that will change. Also the era of company cars being given out like water since the 80’s will also diminish so the manufacturers and dealers will face a decreasing market. Mid quality brand new car prices are now crazy e.g Volvo and Audi. The Koreans are going to wipe the floor with them in certain sectors if not already doing so.
@Clive reckons 80% is going to be tight
There’s apparently hundreds of lorry’s coming back of contract hire/lease agreements which are way over the top valued and no buyers
