As you may or may not have worked out I’m not a huge fan of car finance deals and PCPS’s. They trap many people into incredibly expensive finance deals and burden them with huge monthly payments. They are inflexible and unnecessary. Most of the recent tech with cars is tech for the sake of it! I’d much prefer to have the money in my pocket to shape my life in different ways.
In the years of low interest rates, you could argue that having a brand-new car with a monthly payment was worth it. I think those days are gone now. Your typical car finance is nearly 6.9% and many families face the burden of hefty car finance payments, often exceeding £400 per month. With rising living costs and the growing cost of living crisis, more people are questioning whether a new, financed car is truly worth the expense. I would recommend all families question the popular narrative and look at the difference it could make to their lives if they opt out of this.
Families can enjoy significant financial, health, and social benefits by opting for a reliable second-hand vehicle and incorporating cycling into daily routines.
Let’s explore this transformational shift in depth and provide several scenarios to help you make what I believe is a life-changing decision for your health and your wealth.
Hello. I am Ryan and along with my wife Beth and our two children Matilda and Barney, we love all things cycling and exploring. We spend our weekends exploring fun places to cycle and discover and wanted to help other people do the same too. There’s no better way to travel than via bike and it’s an amazing activity for the whole family to enjoy.