PCP, Lease, HP or Cash

[JJRS4]

I have always either paid cash or taken a bank loan for the shortfall but recently my attention has been drawn to PCP as a way of buying a new car. Does anyone have views on this?

It seems to me that PCP allows you to buy a car you would normally not be able to afford because the monthly payments are low. It may explain why so many second hand RS4's came on thge market after 2 years when the PCP expired and a final payment was due.

I am planning for my next RS4 [img]images/graemlins/biggrin3.gif[/img]

[Jon]

my contact for finance is

Chris Myers @ bank of scotland, he does PCP and straight finance. 0113 2150830

Tell him Jon Newall from Lockyer Insurance has contacted you, or pm your details and I'll get him to ring you!

[JohnW]

I sorted my finance through Chris on Jon's recommendation.

He did me a cracking deal. Only problem was him going on holiday before he fully sorted out the agreement.

I'd use him again, but would make sure everything was definitely in place before setting off on a 350 mile round trip again only to find out the funds had not been released.

I too would normally use cash where possible, or short term finance (I've used my plastic in the past, but paid it off quickly).

PCP is a good choice as you can adjust the size of the baloon and term to get your payments to a sensible level.
One thing you mustn't do though is then take out finance to pay off the baloon, else you will have paid interest on it twice !

A question for those of you that did the factory tour while at Hockenheim. Was a guide price for the next RS4 mentioned ?
If you would prefer not to post ot the forum can you please PM me instead. I too need to get my ducks in line, so need to know how many ducks I need [img]images/graemlins/grin.gif[/img]

Cheers, [img]images/graemlins/beerchug.gif[/img]
John.