I might be one of the few but I have the opinion that a PCP is slavery, nothing short and nothing less. Cars are far too expensive and if people did not sign up to them and went more for used cars in the end the manufacturers would have to review pricing. In my opinion if you cannot afford the car cash you cannot afford the car.
There are lots of used bargains some of them with less than ideal fuel consumption but factor in the full cost of ownership if you spend an extra £500 per year on fuel yet save more than £2k on depreciation then that has to make sense. We live in a society where some of the low earners drive 'new 'premium' cars and other high earners run older mainstream vehicles and are far better off in terms of financial status.
Thank you for preaching your sermon.
Do you hold the same viewpoint for houses, I wonder ? If people can't afford to buy a house outright, they shouldn't buy it, because they can't afford it ?
In fact, if everyone refused to buy houses, surely prices would come down. Just as in your example.
The only problem with your example of people refusing to buy new cars is that they'd then be buying used cars - which (as the laws of supply and demand tell us) would push up prices of said used cars.
Also, people are free to do as they wish. If someone can afford (after mortgage, other expenses, etc) to lease/HP/PCP/whateverformoffinance a new car, then good for them. It makes used cars more readily available, and creates that supply (as above) which keeps prices lower, then good luck to them. Go do it if that's what they want.
The alternative, comrade, is to live in a totalitarian state.
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