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Red ones · 16-04-17, 10:26 AM

Sorry. I don't get the anti PCP thing.

Would people be so keen to buy houses if their value dropped the longer you owned them. If you bought a house and 25 years later you had to pay to get rid of it would you be so willing to buy it, our party less and just rent?

Monthly outgoing on PCP is less than purchase on a loan and that's the big difference from house rental/mortgage.

16-04-17, 10:26 AM	#17
Red ones Member Mega Poster Join Date: Jul 2003 Location: Hertfordshire Posts: 1,422	Re: joined the property ladder Sorry. I don't get the anti PCP thing. Would people be so keen to buy houses if their value dropped the longer you owned them. If you bought a house and 25 years later you had to pay to get rid of it would you be so willing to buy it, our party less and just rent? Monthly outgoing on PCP is less than purchase on a loan and that's the big difference from house rental/mortgage.