Finance?

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S4WON
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Joined: Sun Apr 19, 2009 8:30 pm

Re: Finance?

Post by S4WON » Sat Aug 01, 2015 5:51 pm

Hey scottie. I feel your pain mate and got realllll close on a pcp deal on a C7 myself recently.

Sadly though, whichever way you cut it there is only one winner in finance deals and thats the house.

I came to the conclusion that I would sit out the C7 train until i can buy at around 50% of Sticker price/natural depreciation, thats the only way you can guarantee you wont lose 4 digit depreciation. For those who buy new and can afford it i say fair play with a tinge of jealousy but however i cut it, throwing 30k or so away on depreciation is not for me.

That said, c7 prices are pretty firm. Cheapest on auto raider is about 60k on what was probably a 80k car, so that ain't too bad, but the stealers will never pay you that and i don't fancy trying to sell a 60k motor private.

Pcp is a also a real pain to sell yourself if needs must, there are cheaper ways to get hold on 50k+ if thats what you need.

Bottom line. If the cost is making you think, you probably cant afford or justify it, (at least, that was my own conclusion) Wait a little and buy 2nd hand in a couple of years, thats what im doing.

Itll still be the fastest estate on the world and someone else wouldve taken the big hit

Patience grasshopper! Lol

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