Thanks to Sadiq Khan's plan to extend the ULEZ zone to all of London, I'm going to have to change from my 2.0TDi. I'm looking at getting the 1.8 Corolla Design Hatch.
The question is whether to buy for cash or PCP. A lot of my firends are now buying by PCP, but I'm a bit old fashioned and like to own the car. I guess the key factor is depreciation. Does anyoe have an idea of the likely depreciation from new to 3years c. 5k pa mileage? The Money Calculator reckons 11.9% or £,083 based on £26k purchase price. This seems very low as autoexpress expects between 47% - 50%.
Pros and cons of cash v PCP would be good too.