Pro's and con's for buying an electric vehicle

No, agreed but sadly the article implies that people who are in debt tend to opt for this type of process which is why the scheme is being called into question, a bit like bad mortgage loans.

It was really pushed at us when we bought our EV, I suppose a lot of commission is involved. We listened but said no.

Here's some info on PCPs. One drawback is annual mileage limits which produce a surcharge. Take a look at the final cost differences. It's not something I would consider.

There are clearly different sorts of deal. Ours was for less than the total value of the car. The finance was at zero percent and mileage charges only applied if you wanted to hand the car back, not if you completed the deal. An HP deal even if we had obtained zero percent, would have been dearer as we would not have been given the manufactures discounts.

As with all expensive purchases, it pays to check things out, or as some are finding out it can come back and bite you.

I suppose they are a bit like a credit card. They work well as long as you pay them off each month.

It was in a BBC news report today that three fifths of new cars sold in the next 12 years must be electric.

If these PCPs are allowing more people to have cars, and for more people to have a new car more often, where are all the cars going after these PCPs have ended?

Scrap?

By 2030 not immediately.

I can see no reason why Malcolm. Any good reasons given? 

The government are proposing restrictions in 22 years time. 

If  you look on any main dealers forecourts on the used car side the majority are three years or younger,  it used to be a lot of company cars and motorbility vehicles  ,now the majority are ex pcp vehicles  ,there is a huge glut of used vehicles now as more and more are being "sold" this way to try to keep production figures of new vehicles viable ,and the value of used vehicles,is dropping ,so I would be very carefull if in the market now for any new vehicle to think about how much it will be worth in a couple of years

They will be increasingly flooding the second hand market

The council in Oxford want to ban all diesel and petrol cars from the centre by 2020 so at least anyone with an electric car will be able to drive into Oxford City centre in a couple of years time!   I'll just have to carry on using the train, cheaper than parking anyway.

EasyT this is why secondhand values have gone down,