[Sir Trev]

Before you decide either way check to see if there are any conditions of your car allowance. Back when I gladly handed back my lease car and took the cash (saving shed loads) there was a clause that you had to have a "reasonable" vehicle for your role. Open to interpretation I know but some colleagues were hassled by HR after a while as their cars were basically scrapyard dodgers.


As Paul so delicately said PCP schemes are great for people who want to keep the feeling of the company car and the benefits (frequent refresh, maintenance deals) but don't mind the lack of asset at the end of it. Bear in mind as well that the larger the deferred amount is the more interest you pay on it. If you're happy to keep a smaller/lower spec car for five or six years go for a two or three year bank loan and once paid off keep making the payments but into a deposit account and use it for the next car. About the same overall cost but you are running the show and not a lease company.


(post overlap!!) Looks like you've done a good job of considering your options. If you're set on a car like that and don't have a sizable deposit it looks like you're doing the right thing.