Buying a Car.

[MrWhale]

Hi all,

After some advice,

After xmas I will be looking to buy a new car 10-12k Max, (Still undecided on car)

Basically I will most likely be paying Cash for the car however after reading a few threads on here it may be cheaper to buy it on finance or something similar and put the cash somewhere useful?

How do these deals work out? I wouldn’t want to be tied in for long 1-2years max as I change cars often. What options are there for me?

Thanks

[Dr Jekyll]

MrWhale said:

Hi all,

After some advice,

After xmas I will be looking to buy a new car 10-12k Max, (Still undecided on car)

Basically I will most likely be paying Cash for the car however after reading a few threads on here it may be cheaper to buy it on finance or something similar and put the cash somewhere useful?

How do these deals work out? I wouldn’t want to be tied in for long 1-2years max as I change cars often. What options are there for me?

Thanks

Don't listen to them, just pay cash.

[scirocco265]

Change your car often? PCP I'd say, as long as you can put the money in an account with a good rate of interest.

[sidicks]

scirocco265 said:

Change your car often? PCP I'd say, as long as you can put the money in an account with a good rate of interest.

Don't be silly, you should do exactly the opposite!!

Unless you are able to obtain a zero APR finance deal then pay Cash!

Sidicks

[uuf361]

Stick with cash!

[wargriff]

PCP...

[sidicks]

wargriff said:

PCP...

If you are going to be cancelling the contract earlier to move onto a new car it could work out very expensive. I don't understand why anyone would recommend anything other than cash in this scenario as cash has to be the cheapest way.

Why are suggesting PCP???

Sidicks