Big balloon payment is the key!!
Yes but I want to own the car outright at the end of the term and not have a big balloon payment at the end. Doing that would mean cheaper monthly payments but I would be in same situation again when I come to sell my zed ie no equity in the car. Even if my car is only worth £10k in 3 years, thats £10k I can put towards another car
Im with you, id never do finance through a dealership, id rather get a loan out and spread that over 3/4 years and have higher monthly payments. However i can see why its a great idea for people who prefer doing it the other way round, also using their car as a trade in and getting a similar new one after the deal is up.
I took out a personal loan for mine instead of HP which mean't I was able to sell my old kuro without any HP worries. Just used the cash from the sale to buy the UY. It also means that I could ( If I really wanted/needed to) sell my car for say £23-£24k and stick all the money in the bank. Obviously I would have to keep up the repayments but I'm doing that now anyway