u/Charming_Tiger6972

Hello,

I am planning to purchase an EV to replace my 10 year old car. I can't decide whether to purchase outright or go with PCP, or even HP.

My situation:
40 years old
Salary ~100k
Savings: ~110k (bank account, investments)
Healthy pension contributions
Own home, fully paid off.

EV is about 45k. Old car I will get 8K for. If I purchase outright I'll get a discount, maybe 2k. HP and PCP and 0% APR.

I'm leaning on purchasing outright, but then I keep reading about EV deprecation and PCP protecting against that, but I don't see it.

Any suggestions?

Hello,

I am planning to purchase an EV to replace my 10 year old car. I can't decide whether to purchase outright or go with PCP, or even HP.

My situation:
40 years old
Salary ~100k
Savings: ~110k (bank account, investments)
Healthy pension contributions
Own home, fully paid off.

EV is about 45k. Old car I will get 8K for. If I purchase outright I'll get a discount, maybe 2k. HP and PCP and 0% APR.

I'm leaning on purchasing outright, but then I keep reading about EV deprecation and PCP protecting against that, but I don't see it.

Any suggestions?