Quote:
Originally Posted by alanwalne
It is very ominous for all of us if the cars are not going to be worth more than their PCP baloon payment at the end of 3 years.
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Certainly is but the whole idea of the pcp is to cover all the bases and give flexibility. What if you have a petrol car on a pcp with a predicted GFV of say £8000 and over the next three years, petrol becomes so expensive, ecologically unsound etc etc that the market falls out of them leaving your car worth say £7000. You arent going to want to keep it are you?
Ask anyone near london who has a 3/4yr old X3 or similar sized engine car. No-one wants them the prices are dropping by the day.