I'm amazed at home many people, with quite modest houses, have the new squashed Range Rover thing on their drives, does seem an insane amount of money to spend on something that will depreciate £10k+ in the first year....
Makes me laugh. I'm a bit of a petrol head it has to be said yet have never spent over 12k on a car in my entire life, all of those bought outright with cash or a simple bank loan.
Interesting that for that first years 10k depreciation on one of those brand new 'Cock Chariots' you could afford some really unusual, deeply cool, fairly rare and fast machinery. How about a seriously cool and seriously fast B5 RS4 Avant, the manic mid engined Renault Clio V6, a duo of Mint Fiat Coupe 20V Turbo and Mint 205 Gti, A 8-10yr old BMW M3? The list could go on . . .
I know which I'd rather have.
PCP or leasing seems a mugs game to me. You have the depreciation of the car to pay for, plus the profit margin of the lease company on top, plus a 'pants down shafting' at the end of term when you've gone over your mileage allowance or there's a small scratch to the paintwork - all spread over 36 convenient monthly payments.