MK5 Golf GTI

General => Random Chat => Topic started by: berg on April 02, 2015, 09:00:00 am

Title: PCP v Lease
Post by: berg on April 02, 2015, 09:00:00 am

Hi guys, have never bought anything on finance except a house so dont know much about apr's and balloons!

What are the advantages of a PCP over a lease apart from you can buy it if you want to? Is that the only one as monthlys are more expensive always aren't they?

Thanks

Title: Re: PCP v Lease
Post by: GTD on April 02, 2015, 09:15:57 pm

Check 5th gear tonight on history. Talking about deals just now!  :happy2:

Title: Re: PCP v Lease
Post by: berg on April 05, 2015, 02:38:14 pm

doh missed it, thanks anyway

Title: Re: PCP v Lease
Post by: Bane on April 05, 2015, 06:40:48 pm

Oddly enough, I came on here to ask a similar question.
I've been looking at the PCP deal as way to buy a new Golf.
In a nutshell.you order the car in your spec, pay a deposit then agree on a final value, an agreed mileage,then pay a monthly amount.At the end of the period, you pay it off and you own the car,chop it for a new model or finish the contract and walk away.
VW are also offering a £725 pound deposit contribution and 2 years free servicing as well, on a MK7 GTI .
Downside is that you never actually "own" the car,with it being a contract between you and VW finance and you run the danger of being in a cycle of forever paying VW for cars you wont actually own if you continually change every few years.
If you don't mind this, then it seems to be a decent deal,although I can't help but feel that there's a catch somewhere. :grin: