If no one bought new cars there would be no 2nd hand ones
With PCP you are basically paying the depreciation, it might not make financial sense to some but to others there is more to life than just money. I am fed up fixing dailys, yes you can buy a 2nd hand car thats good as gold for years but you can also buy ones that are a total PITA and there is nothing worse than coming out on a Jan morning at 7am to find out your POS car dont start. Some people are just happy paying a set amount each month, having a new car and knowing if it goes wrong you just ring the dealer.