Same deposit, same monthly payments, means that you have the same total sum borrowed and that you are paying it off at exactly the same rate, and as long as its the same APR, then surely that means there is no difference. Your cost is most likely in the small print of any early repayment fee clauses.
From my PCP... "For the 911, £90k car, £15k deposit, £75k finance @ 6% £1,200/m 4yrs residual £35k so round figures are £55k depreciation + £15k interest."
I have received a HP quote 5%+, and doing the £75k, but over a total repayment of 5 years instead, so paying it down quicker at £1,440 a month, it reduces total interest to £11.4k cost, so literally about £2k a year interest, which on such a car and level is pence. Extra £200 a month, but at end if year 4, in theory it would be worth £35k+ and have finance balance of £18k, so a larger level of equity accordingly.
all man maths
[/quote]
From my PCP... "For the 911, £90k car, £15k deposit, £75k finance @ 6% £1,200/m 4yrs residual £35k so round figures are £55k depreciation + £15k interest."
I have received a HP quote 5%+, and doing the £75k, but over a total repayment of 5 years instead, so paying it down quicker at £1,440 a month, it reduces total interest to £11.4k cost, so literally about £2k a year interest, which on such a car and level is pence. Extra £200 a month, but at end if year 4, in theory it would be worth £35k+ and have finance balance of £18k, so a larger level of equity accordingly.
all man maths
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