That's garbage. It's about total cost of ownership. Why do you think firms push PCP so much? Because they make lots of money out of it. Who do they make the money from? You.Why own something that's falling in value? Sound financial wisdom has always suggested:
If it appreciates - buy it
If it depreciates - lease it
If you're capital rich and can simply buy a car for cash - no harm in doing so.
If you're income rich it may suit you better to pay for it monthly
At the end of a pcp deal if the car is worth more than the balloon - you can buy it , or sell it
If it's not - just hand it back and the lease company takes the hit.
Key to all of this is the interest rate - at the moment you can get 2.9% on a new vehicle - that's a good deal. I saw 12.6% on an approved used vehicle - not a good deal.