Quote:
Originally Posted by sarg
If you only do 5000 miles or year...
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Mileage could be changed I am sure, doubt it will make a huge difference to deal. It only really matters if you send the car back at 4 years old anyway!
Quote:
Originally Posted by sarg
Still means you are borrowing 46k on a car that’ll be worth no more than about 38k trade soon as you drive away
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Yup, or you could clear the loan on day 1 and pay 46k cash and not borrow it a 0% APR!
It is still cheaper than a demo car, zero previous owners, spec it yourself, new car smell etc..
Any way you slice it, it is a huge discount on RRP - which is likely to reflect badly on used values and undermine D4's also.
A 48 month, 6000 mile per year PCP on
this late D4 would be a deposit of £2,500 and ~£493 per month!
Code:
Monthly payments £493.24
Contract length 48 Months
Cash price £29,782.00
Customer deposit £2,500.00
Total amount of credit £27,282.00
Total amount payable £38,242.28
Representative APR 10.9%
Total interest payable £8,460.28
Fixed rate of interest pa 10.38%
Optional final paymentThe future market value of the vehicle as predicted/estimated by the lender based on the mileage you expect to drive during the agreement. An optional payment which you have to pay if you want to own the vehicle at the end of the agreement. You must pay this amount to own the vehicle at the end of the agreement, but payment is optional. Some lenders may refer to as a ‘guaranteed minimum future value’. £12,560.00
Option to purchase fee £10.00
Some would rightly point out that £2,500 and £0 per month would get you a D2 - but that isn't really comparing apples with apples is it!
Used values are going to be poor, but still they reckon the 20k mile 4 year old D5 will trade for £22k - personally I am not convinced
7th August 2018, 10:42 AM
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