Mustang V8 GT 2015 UK PCP
Discussion
croyde said:
Have not seen any info on the Ford site but someone did suggest speccing a Mondeo or Galaxy up to a similar price and use that as a rough example.
That's what I did but talking to the dealer, it'll give you a very rough guide but because the residuals on a Mustang should be a lot better than a Mondeo, it might not cost as much.A Mondeo of similiar value is £620 per month, but APR OR 6.8%😱 I just have a feeling once your deposit is down ford will be able to hit you hard on price as if you pull out there still £2k up, Wait until early 16 when ford put deals on them, not sure how to play this one, any thoughts?
king way, that'd pay for some seriously nice machinery!Thats what I mean, With a lot price of 32k it makes no sense, Im trying to get to grips with how much it will cost roughly. Saying that all the decent machinery is a lot more, working on £600p/m with a 2k deposit its £7700 per annum (23,100 over 3 years) guess thats not a lot really,
I don't think Ford will need to offer preferential terms to sell these cars due to initial interest.
However I guess the PCP will be favourable as the residuals will be quite high at least to start with.
But who knows? It's not a car to order if the PCP deal makes / breaks the purchasing decision. Suggest you wait until the first cars are delivered and you can get some real world numbers.
However I guess the PCP will be favourable as the residuals will be quite high at least to start with.
But who knows? It's not a car to order if the PCP deal makes / breaks the purchasing decision. Suggest you wait until the first cars are delivered and you can get some real world numbers.
Not sure that Ford UK / UK Ford dealers would project the residuals to be especially high? They're used to dealing with Mondeo / Focus / Fiesta / KA etc. and a big part of that market is driven by running costs, taxation etc. The Ford dealerships I know would currently run a mile from retailing a £500 a year road tax 5.0 V8 petrol car needing preparation at the end of a PCP. In the longer term it could be where the EcoBoost steps forward as surely it will be seen as being a lot more 'mainstream' in the UK? Be interesting to see how it pans out as the cars become available!
I've been wondering the best way of purchasing the car without tying too much money up. The dealer already told me 'regular' Ford deals won't apply due to the type of car so it will be their best finance offer at the time. With rates being so low, I can get 20k for around 4.2% pa with about 10 minutes effort making my deposit 15k ish. I doubt the Ford finance deal will beat that rate. Cost would then be around £370 a month, which is fine and I'm not limited by any finance terms/can easily sell the car.
I doubt people will get unsecured loans for more than 20k though so you need a good deposit.
I doubt people will get unsecured loans for more than 20k though so you need a good deposit.
I bought my RS from my local dealer in 2009 (he was delighted btw) but I wanted to trade a Focus ST and finance it. He did his best but couldn't really discount it (we agreed other stuff) but Ford Credit Europe did a complete number on me because it "was such a lot of money", despite the fact that I'd had 10 years experience with them at that point and several new cars. I wasn't impressed but they finally agreed. I paid it off after a few months.
Roll forward to my most recent "hi Andy" call from my dealer, can I sell you a new ST? No sir you can't but you might be able to tempt me with a mustang. Problem is he cant as Ford are apparently going back to the old RS Dealer approach where selected bases only can sell the cars. He said give it six months and we'll all have them...
My point is FCE and whether they have deep enough pockets/risk appetite to lend given that their core business is in the 8-15k category...
Roll forward to my most recent "hi Andy" call from my dealer, can I sell you a new ST? No sir you can't but you might be able to tempt me with a mustang. Problem is he cant as Ford are apparently going back to the old RS Dealer approach where selected bases only can sell the cars. He said give it six months and we'll all have them...
My point is FCE and whether they have deep enough pockets/risk appetite to lend given that their core business is in the 8-15k category...
Worth going round the dealers and checking on finance. On a load of sales the only money they make is for selling a finance package. Given that they don't appear to getting much out of a Mustang sale they could be more enthusiastic. I never really worked this out until I went into two Audi dealers ready to buy a brand new car with cash and was completely ignored. There was nothing in it for the dealer!
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