I have thought about and looked into this a few times. My last car was on PCP (Mazda MX-5 ltd edition), sadly had to sell it after 2 years as I was finding it really difficult to drive with a dodgy knee. I really look after my cars and did well out of selling it privately and paying the finance off. Obviously sold it for a wedge less than I paid for it but did well with the car and don't regret buying it.
When selling the MX-5 I was really struggling with what to replace it with and was very reluctant to get finance on a car I wasn't 100% on. Anyway I decided to scratch an itch and get a Mini for a run around whilst I decided on a what to get. A year later I still have the Mini and adore it. I keep thinking of buying a new but I own mine outright and like that I don't have a monthly payment to make. I keep looking at new Coopers / Cooper S but doubt I would like it that much more to merit paying out £200+ a month and not actually owning the car. For that reason, I'm sticking with Black Betty
R50 Mini One in Black - Registered September 2005