I totally agree Pinkaardvark. I too have bought a number of cars on PCP, ended up buying 2 and keeping them in the family but the last one ( a Peugeot 2008) I gave back. I intend to keep this one if all goes well with its reliability, bought it on PCP terms because of the low interest rate offered. If it proves to be unreliable or my circumstances change it will go back and its that flexibility I find most beneficial part of PCP dealsYour just offsetting the debt which gives you a degree of implied flexibility. I have purchased my last 2 cars this way and will do with the 3008. I have so far always bought the car at the end of the term as you will always generally get a a much better deal selling it privately or choose to hold on to it for year 3-5 where you really get some good value.
Where it could be a smart move is with the diesels, if they get pilloried heavily by the government looking for a scapegoat, it may be handy to be able to terminate the contract at the end and walk away.
But if you really just want to change a car every 2-3 years you should stop fooling yourself with the belief that you own anything and simply just lease the car as in effect that is all you are doing.
I'm with you on this. Technology is moving fast. I wanted a plug in hybrid but they are 12 to 18 months away (aside from the long in the tooth Outlander) so I'm leasing.defiantly a personal choice really.
I have gone from HP to PCP, and now with the pug i have done lease. I feel the technology in cars is moving so fast that i prefer just getting a new car every few years as well as saving the money.
i think my next car might be different but for now i am not fussed about owning the car at the end