Michael.
I see where you are coming from. My SIL has her cars on PCPs. IMO A very expensive way to drive a new modern car. But she may well laugh at me as she goes around in her 65 plate Landie. Sadly it's not hers but she can rub shoulders with the landed gentry and feel she has arrived
On the surface there is no question a PCP is going to give you a new caravan.
Sadly it's not yours and even if you can afford the final payment to keep it, which most PCP punters can't , you will have paid way over the odds from a conventional all cash or cheap bank loan.
So there is no collateral, no residual value and ownership at a pretty inflated
price
We were fortunate to trade a previous unit and pay the balance in cash or a new TA 8 years ago. Cost £17k. I have twice this year been offered £10k px on a new
Model. Not quite your 50% depreciation .
I am a sceptic but no fool. We have seen PPI, Endowment Insurance mortgages, shared housing association purchases and even rent to buy never mind buy to rent.
Let's be honest. Black Horse and the subscribing dealers are here to make money. Do they care about us ? NO!
Sadly not everyone can buy their own houses. Renting as we all know is dead money. Isn't a PCP another term for renting?
I emphasise I may sound prejudiced but in my book as much as I'd love it perpetual motion is still a fantasy.