horses for courses, you don't always pay more in the long run, to many variables.
If you are happy with renting and upgrading, go for it.
I have done both pcp and cash.
If you cant pay for it up front then buy something that you can afford, im a bit old and live well within my means thats the way i was brought up and its never harmed me. neeer during the war.
Surely you always more under PCP than cash (unless there is 0% interest) ? Or are you assuming you invest the cash freed up from the PCP or something?
If you cant pay for it up front then buy something that you can afford, im a bit old and live well within my means thats the way i was brought up and its never harmed me. neeer during the war.
I did pcp couple years back and hated it, couldn't wait to get out of it, worse thing I ever did and never again but that was just me.
I generally buy my bikes with cash, or a bank loan without an early payment penalty.
I've never ran a loan for it's full term, as always paid it off early.
However, last year Honda did a PCP Deal on a brand new Africa Twin. That really was a no-brainer.
£3200 Dealer Contribution Deposit
£0 Customer Deposit
0% Finance on the £9000 balance over 3 years
£70 pcm payments for 36 months.
£6,300 Final Payment to own the bike
4000 miles allowance per year, 12000 miles total
Now that was a no-brainer...