My head is spinning.
We would like a Nissan X Trail. Looking at around £360ish per month on a PCH, or I could get a loan for the same monthly payment (albeit over 7 years) and buy a 1 year old version with about 5k on the clock.
Pros of PCH? Hand back and get a new one
Cons...limited mileage (around 10-12k pa)
Pros of buying? It becomes mine, have a bit of equity in it - although not sure how much with an 8 year old car
Cons...keep car for 7 years at least...?
The payment is no problem, so all 'buy a car for £10, you ponce' comments will be noted. But probably ignored. My wife has been through some shit over the last couple of years and she fancies a nice car.