Hi there, first post, apologies for it being a request for help. I'm a long time browser of this forum...hopefully I can contribute usefully before too long. I'm looking to replace my ageing Octavia ii with a new or nearly new model - either 1.6 tdi Greenline or 2.0 tdi. Possibly considering 4x4 as an option but not Scout. I'm struggling to weigh up the pros and cons between buying new from a dealer or broker, or buying nearly new from a dealer, looking at PCP finance. I have some fairly specific but modest option extrasaside from possibly the 4x4 (heated windscreen; driver's armrest) but I don't want leather seats so I guess that rules out Elegance spec. What I really can't figure out is whether I'd be better off to buy new with 0% finance and get exactly the spec I want (either through a broker or a dealer), or save a little buying nearly new (sub 5000 miles) but have to pay more on finance (dealers currently offer 8.9% I think). Not sure what impact NOT being first keeper has on future resale value but chances are I'll keep the car for 5 years so maybe not an issue. Any help gratefully received.

What sort of mileage are you doing per year?

 

PCP's are becoming increasingly common. Set your term, put down a deposit, agree a monthly amount and enjoy hassle free motoring with a new car every three to five years.

 

Skoda often do 0% deals too making a PCP even more attractive. Getting the model/spec right means the car will meet the minium future guranteed value reducing the deposit contribution on the next car.

 

The downside is that you never own the car, pay for a large chunk of the cars depreciation and are often limited to low annual mileage.

 

If you opt for standard finance through Skoda then again look for the 0% deals or free servicing etc. At 8.9% you'd be better off getting a non-secured bank loan, there are some pretty competitive deals out there, far better than 8.9%.

 

You really need to do the sums to calculate the pro's and con's of each option for your particular scenario.

 

By the time you come to sell a 5 year old car not being the first owner won't have any impact on price, especially if you (the second owner) bought the car from nearly new.