Pros and cons of PCP vs keeping old bike

[wheelnut]

PCP is an expensive way to own nothing

Or a cheap way to free up cash for other things.

Other opinions are available.

When is borrowing money cheaper than paying cash?

Couchy had pointed out an obvious example, but it’s not just about being ‘cheaper’, it can be about freeing up cash, even if just for cash flow.

[Skub]

Blowing the cash on drugs and bookers would be a better use of it than putting it in a pension (I'm not expecting a long life)

That's a great idea,until you find yourself,despite your best efforts,unexpectedly long lived and reasonably healthy.

[Le_Fromage_Grande]

Blowing the cash on drugs and bookers would be a better use of it than putting it in a pension (I'm not expecting a long life)

That's a great idea,until you find yourself,despite your best efforts,unexpectedly long lived and reasonably healthy.

The way my body's falling apart, that's not a worry for me, if I live beyond 80 it'll be in a wheelchair.

[Supermofo]

Without PCP most people would still be driving older 2nd hand cars rather than new Audi's and Beemers. Even fairly standard saloon cars cost £30k+. It disguises how much inflation has outstripped wages.