ABB125
Established Member
Similarly, my dad has (for approaching two years now!) been considering options for a new car. He currently has a 2011 Skoda Superb estate diesel, which is a brilliant car but could do with replacing soon (currently around 140,000 miles, I think it was around 60,000 when he bought it in 2015). It was originally his own car, but a few years ago he did something to turn it into a company car instead (probably because some expensive maintenance was due!).I wouldn't touch one of those schemes with a bargepole. I have yet to find a situation where an unsecured personal loan didn't offer me a better deal. When the dealer starts blabbing "oh, we might be able to match it", I put it on the table and they go "ah, no chance". Every time
And unlike people on PCPs, when the loan is paid off, I can have a couple of years with a reliable car with no payments due, and then when it's time to change I've got value left in it to put towards the next one.
The current plan is to buy a new Skoda Superb estate hybrid (even more space to bung stuff in than his current one, can run on electric between home and work but still do a day trip to (say) Glasgow for business on petrol, most importantly tax benefits as a company car) through work. However, he's now decided that he'll buy it (assuming he ever gets around to it!) using the Boris Business Bounceback loan scheme, for a variety of reasons. PCP no thanks!