maddogsetc
Well-known member
- Joined
- May 22, 2014
- Messages
- 506
Question for the UK buyers mainly here as I'm not sure what finance options are being offered in other markets.
I was planning on taking the 0% HP option as I hate paying interest, but read an article yesterday about EV's having poor residuals. This got me thinking - as the PHEV is mostly going to appeal as a business purchase, what will the residuals be like, say 1 and 3 years down the line?
Seems to me it could go one of two ways - either it will be highly sought after as a used car if the expected fuel savings and practicality stand up in the real world in which case supply and demand suggests in the early stages at least residuals will be good. But on the downside it might be sometime before values fall low enough to attract private buyers in and with concerns about battery life, resistance to change etc. I am worrying that the 3 year residuals might not be good.
So, I'm now wondering if the c. £4.5k interest charge to take a PCP might actually be money well spent to ensure a guaranteed minimum future value.
That said, if it proves as good as expected I might buy it from the business at the end of the 3 years and keep it long term instead.
Any thoughts?
I was planning on taking the 0% HP option as I hate paying interest, but read an article yesterday about EV's having poor residuals. This got me thinking - as the PHEV is mostly going to appeal as a business purchase, what will the residuals be like, say 1 and 3 years down the line?
Seems to me it could go one of two ways - either it will be highly sought after as a used car if the expected fuel savings and practicality stand up in the real world in which case supply and demand suggests in the early stages at least residuals will be good. But on the downside it might be sometime before values fall low enough to attract private buyers in and with concerns about battery life, resistance to change etc. I am worrying that the 3 year residuals might not be good.
So, I'm now wondering if the c. £4.5k interest charge to take a PCP might actually be money well spent to ensure a guaranteed minimum future value.
That said, if it proves as good as expected I might buy it from the business at the end of the 3 years and keep it long term instead.
Any thoughts?