PCP deals you pay the depreciation+Interest over say 3/4 years - renting not owning.
D-i-L bought a Lexus CT in 2013 (2011 car with 20K) for £14,000 IT/I+cash)
Sold it last month for £6,500 (80K+ miles)- so lost £7,500 over 7 years
Depreciation = £7,500 / 7x12 = £90 per month for roughly 9,000 miles / year.
To Bangernomic runners this would be expensive - to PCP buyers it would be cheap.
Repairs next to nil. Tyres, brake pads, wipers, 2 or 3 bulbs & 12 weeks ago front disks & pads - the first "repair".
It's up for sale at £8,000 in the middle of England having been T/I in Aberdeen 3 weeks ago.
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