I considered myself very lucky , that 650 per month on a pcp isn’t that noticeable, therefore PCP works for me. You pay the money, have no maintenance costs because of warranty, insure, tax it and change the rubber and drive it all the time. I certainly don’t want to own it outright, because I know I’m going to hammer it.
Another example is the lorries and tractors we run. A new 300 hp fendt tractor , of which we have 5 , we change every 5000 hours or 3 years. They are on an equivalent to pcp. If we paid the ballon at end and the thing starts going wrong which it definitely will , we are into bills for maintenance for thousands. We got caught a few years back, 20k bill for gear box. A fixed monthly cost lets us know where we are from a budget perspective.
Lorries the same, 200k for new Scania, yet a payment of 2000 per month allows you to run smart new kit under full warranty with repairs and maintenance included. Then get an another new one. Even with interest rates going up, the extra interest is small in the big scheme of what the lorry is capable of earning you.
It will get that way that not many people will actually never own a vehicle outright.
I would guess most people on here, who would enter into a PCP, know exactly what they are signing up to.
| 
