I'm a few years away, 6 minimum from packing it it, but need to start planning.
My weakness in life has always been a nice car, and yes, I know, its not sensible at all, but we all have vices. Maybe I need a cheaper one.
Still, I need to plan for the big drop and less ability to keep that nice car habit going.
I used change my cars regularly, 2 to 3 years, and would have had them financed, over the past few years, that moved to various PCP deals ranging from 0% to 4.9%, depending on the brand.
I'm thinking that I need to get out of PCP for when i retire, and hence my question. What do most people do when they retire, hold on to an existing car? Buy a new one? Is it utterly foolish to contemplate having a rolling monthly car payment when retired, or do most buy outright and run a car for years as mileage would be so low?
Or is it all dependent on income.
Interested to hear what others do or have done.
My weakness in life has always been a nice car, and yes, I know, its not sensible at all, but we all have vices. Maybe I need a cheaper one.
Still, I need to plan for the big drop and less ability to keep that nice car habit going.
I used change my cars regularly, 2 to 3 years, and would have had them financed, over the past few years, that moved to various PCP deals ranging from 0% to 4.9%, depending on the brand.
I'm thinking that I need to get out of PCP for when i retire, and hence my question. What do most people do when they retire, hold on to an existing car? Buy a new one? Is it utterly foolish to contemplate having a rolling monthly car payment when retired, or do most buy outright and run a car for years as mileage would be so low?
Or is it all dependent on income.
Interested to hear what others do or have done.