Opinions on PCP Deal

[Papalaz]

Peoples thoughts on the pcp deal below?


The figures are based on our showroom car, which is Glacier White with Cup Chassis and 17” Black Speedline Alloy Wheels.

Clio Renaultsport 200
Glacier White

Basic Price £18,135.00
i.d. Glacier White Paint £160.00
Speedline Alloy Wheels £185.00
Cup Chassis £450.00
GAP Insurance £348.00
G3 Glasscoat – Premium Preparation Pack £337.00
Total £19,615.00
Discount £1,930.00
Total £17,685.00

Part Exchange £1,200.00
Cash Deposit £1,500.00

Balance to Finance £14,985.00

First payment £358.77
Followed by 47 payments of £259.77
Optional Final Payment £5,653.21 (of which £5,504.21 is a Guaranteed Future Value, £149 Option to Purchase Fee)
APR 7.8%
10,000 miles per annum

You will also benefit from the 4+ aftersales package, which includes:
· 4 year / 100,000 mile warranty
· 4 years servicing (up to 48,000 miles)
· 4 years AA roadside assistance

 

[Sir_Dave]

Doesnt seem like a particularly amazing deal really.

I was quoted less for one with Recaros back in January - when they werent trying to flogging off old stock.

 

[Adam.]

That seems pretty steep compared to my old 200.

 

[JON13S]

Personally the thought of paying £260 a month for a car that isn't mine would get boring very quickly. Especially once the dealers start the old wear and tear Vs warranty battle.

 

[The Russian.]

Rather have this 250 http://item.mobileweb.ebay.co.uk/vi...6fffd0695?itemId=321009164839&kw=321009164839

 

[GiT]

Not good I'm afraid. Get looking about and play places off against each other.

And do GAP / PPI payments away from the dealership... I recall GAP was £119 odd or so for me.

And G3 Glasscoat... pleeeease - a Professional Valeter will rape that price.

 

[not normal dan]

Doesn't really seem attractive, plus as mentioned don't bother with any "paint protection" products are overated an over priced.

 

[Ad]

Cant help feeling recaros are a must?

 

[Sargara]

£260 for a new FF200 is about the going rate currently so seems pretty average, not overpriced, not amazing.
I would sack off the GAP and G3 Glasscoat though, they can be had cheaper if you wish outside of the dealership.

 

[Martin_172]

imo financial suacide unless you can see yourself in it for the 4 years. with the new model round the corner. they depreciate fast enough as it is.

 

[Papalaz]

I can see myself in it for 4 years, I don't tend to change cars very often

Spoke to a dealer today and they have no unregistered 200s left with cup packs and recaros (which would be my ideal choice)

Needs to be PCP option really as I have no spare funds for a hefty deposit, I thought PCP deals were only a good choice on new cars - are they worth it on used vehicles?

Cheers for feedback so far!

 

[adamlstr]

I have no spare funds.

Then sack a hefty finance deal right off.

 

[Adam.]

lol @ the haters.

f**k right off buying a 18k Clio cash.

PCP are good on nearly new cars too. Depends on your circumstances.

 

[Papalaz]

Yeah when I say no spare cash I mean with regards to a deposit...the actual monthly repayments are manageable

PCP seems not a bad choice as you dont need a large initial deposit?

Ok will investigate some pcp deals on nearly new cars, see how they compare

Thanks fellas

 

[Chip-mk1]

If you do it, make sure you make some plans for at the end.

At the moment you have a car and 1500 quid, at the end of the 4 years you will have neither.

 

[Matt W]

Same as what i'm doing, although I got proper seats.

Putting away extra every month so I can pay the final payment at the end

 

[Papalaz]

Same as what i'm doing, although I got proper seats.Putting away extra every month so I can pay the final payment at the end

Mind me asking what sort of pcp deal you got? PM me if you want

 

[Sargara]

If you do it, make sure you make some plans for at the end.

At the moment you have a car and 1500 quid, at the end of the 4 years you will have neither.

Although you could also just re-finance the remainder and other than your monthly payments decreasing everything would continue as before (apart from no longer having a warranty).

@OP you can also PCP on 2nd hand so long as the car is no older than 4yrs at the end of the deal. However the deals are not as attractive due to no longer having the manufacturers backing, just the dealership in question but you miss the initial depreciation hit.

 

[EllD90]

Buy this for £10k and get a loan:

http://classifieds.pistonheads.com/...lio/renault-clio-x85-renaultsport-2010/908062

£7500 loan over 4 yrs is a approx £180 a month @ 7% APR. You'll own the car at the end.....

4 years servicing cost about £1000? 4 years roadside £150? Another £1000 on broken parts.

Car will have cost you about £14000. Will be worth about £5000 in 4 years time.

You will be throwing away £9000 instead of £15000. Make sense?

 

[2Damnsly Andy]

I see they've put their APR's back up, residual looks very optimistic to me and the discount for a company that are in the major poo seems a tad low. I'd try and haggle my px up, them down and get rid of the glass coat. I'd want to be paying no more than £225 a month for that car.

 

[R18 RHT]

Rather have this 250 http://item.mobileweb.ebay.co.uk/vi...6fffd0695?itemId=321009164839&kw=321009164839

How much did that go for?