Strictly speaking, the amount that you put into a PCP is preferred to be small for that very reason ^ you will get your deposit back with a bit of luck, but in reality, you can put a bigger amount in to offset the monthly payments. SO in effect you could then save the difference between the 'Low deposit, high payment' and the 'High deposit, low payment' options. I guess ti depends what rates you can get for savings and PCPs. Although having a large lump of your savings still intact is quite nice and you can still put it towards your theoretically higher monthly payments in a 'drip' style. Thus making a little bit of interest as your savings pile slowly diminishes. But once again the bottom line is the important figure. There are dozens of ways to carve up a deal, you just have to look at them all and see which is best for you, there really isn't a right or wrong way. Thats the reason I loved selling car finance, you can nearly always find a decent deal for both you and the customer if you can sit them down and explain it all to them

Edited 22 April, 201115 yr by Lady Elanore

I wish the salesmen/women I met where like you Lady E.

Most of them can't be bothered to do that which is why I have to sit down and work it out myself.

Keep the Fabia & spend the £20K on a speedboat/yacht

Ah the two happiest days of a man's life - the day he buys a boat ............. and the day he sells it again

I wish the salesmen/women I met where like you Lady E.

Most of them can't be bothered to do that which is why I have to sit down and work it out myself.

Wish I had customers like you (when I was selling cars) that were willing to take the time and not assume I was trying to rip them off. I believe in PCPs, not because they are the cheapest form of finance (on there own they usually aren't, they need some free money from the manufacturer) but because of the flexibility that the incentives give you. I sold up to 85% of all the dealerships PCPs at the last place I worked, purely because I let the customer see the computer screen all the way through. Then we got a new Business manager and he did all the finance calculations. he made more profit, per car, but sold less PCPs. I reckoned it was better to sell more and have happier customers, We disagreed and I left

Ah the two happiest days of a man's life - the day he buys a boat ............. and the day he sells it again

One of my favourite sailing quotes

"The second best day of your life is the day you buy your boat, the best day is the day you sell it."

"Owning a boat is like standing, fully clothed, under a cold shower tearing up £20 notes"

"It it floats, ****s or flies, it's cheaper to rent it."

My father in law has a boat, I don't really get the appeal.

Lease it.

We have a C63 AMG on lease at minute for 2 years fully maintained for les than £650 a month.

They even come and change the Tyres every 5000 miles for free!!

In my eyes if it depreciates lease, if not buy!

That's business lease by the way.