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Farm Business
Agricultural Matters
vehicle purchase, is my thinking old fashioned and out of date.
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<blockquote data-quote="335d" data-source="post: 7187540" data-attributes="member: 13498"><p>what restrictions?</p><p>you pay a monthly fee based on an agreed mileage. You go over the mileage, you pay this when you hand the car back. If you know you are going to do 30,000 a year, then you are better to agree this at the time you take the deal out, as it will be cheaper in the long run. Normally the first 10% over the agreed mileage limit is at a cheaper price, say 5p a mile.</p><p>A few years ago there were some excellent pcp deals for people who do less than 6000 miles a year. think it was something like 2+24 at £199 a month for a golf r. So £5174 over two years. No way you could have bought a new one and sold it 2 years later for £5k less. Dealer margin would be at least 3k.</p><p>Of course some people took this deal, done 40k over two years, then had a big lump sumo to pay when they handed the car back due to the excess mileage. That’s their fault, not understanding the deal,if they had agreed on 20k miles a year, the monthly payments would have been higher of course. But probably better off overall.</p><p></p><p>By the way, I have owned 17 cars and never had a pcp deal, as it wasn’t right for me.</p></blockquote><p></p>
[QUOTE="335d, post: 7187540, member: 13498"] what restrictions? you pay a monthly fee based on an agreed mileage. You go over the mileage, you pay this when you hand the car back. If you know you are going to do 30,000 a year, then you are better to agree this at the time you take the deal out, as it will be cheaper in the long run. Normally the first 10% over the agreed mileage limit is at a cheaper price, say 5p a mile. A few years ago there were some excellent pcp deals for people who do less than 6000 miles a year. think it was something like 2+24 at £199 a month for a golf r. So £5174 over two years. No way you could have bought a new one and sold it 2 years later for £5k less. Dealer margin would be at least 3k. Of course some people took this deal, done 40k over two years, then had a big lump sumo to pay when they handed the car back due to the excess mileage. That’s their fault, not understanding the deal,if they had agreed on 20k miles a year, the monthly payments would have been higher of course. But probably better off overall. By the way, I have owned 17 cars and never had a pcp deal, as it wasn’t right for me. [/QUOTE]
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vehicle purchase, is my thinking old fashioned and out of date.
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