Best PCP deals new and used

[Shambler]

As the leasing thread has somewhat hit the buffers with decent deals. I thought it would be interesting to start a thread on decent PCP deals. I’ll start off with this.

https://www.autotrader.co.uk/car-details/202405300...

Land Rover Velar £1000 deposit 24 x £299 6000 mpa.

[Nemophilist]

That’s possibly the worst deal.
By the car for £28,409, and after two years you have a final payment of £25,857.63!!!

[Shambler]

Nemophilist said:

That’s possibly the worst deal.
By the car for £28,409, and after two years you have a final payment of £25,857.63!!!

Your looking to use it not buy it

[CG2020UK]

Shambler said:

Your looking to use it not buy it

Spot on.

Treat it as a £340 a month lease for 2 years and that is decent to me.

[nufcfan]

Been scouting around for decent PCP deals for a while but nothing really worth going for. Likely going to stick with salary sacrifice lease I think.

[Crumpet]

I know they’ve not got the best reviews but Mazda MX30s look like a steal to me at the moment.

http://www.autotrader.co.uk/car-details/2024042490...

£1300 deposit, £150 a month for 6000 miles a year. I’m half tempted to go and look at one.

[Register1]

Anyone spotted a new, or up to 3 year old Evoque?

[Pika28]

Shambler said:

As the leasing thread has somewhat hit the buffers with decent deals. I thought it would be interesting to start a thread on decent PCP deals. I’ll start off with this.

https://www.autotrader.co.uk/car-details/202405300...

Land Rover Velar £1000 deposit 24 x £299 6000 mpa.

This methods sounds interesting, never thought of it this way before. I’m looking for a car at the mo and will now be comparing PCH vs PCP

Edited by Pika28 on Thursday 6th June 09:33

[J1990]

Absolutely horrendous deal if you want to OWN a 4 year old velar as you're getting rinsed on the total repayable amount. However, if you have no desire to own it then it's not a particularly large amount of money over the term. The main concern for me would be extended warranty and ensuring I had rock solid GAP insurance.

[T_S_M]

This is exactly what I did with my E-tron. Audi were doing offers on used EV's if taken out on PCP.

My PCP deal was £500 deposit and £280 a month, 6kpa over an 18 month term. £26k cash price with a final GFV of £23k...which is irrelevant because I'll just give it back at the end like a lease.

Some good deals on PCP's through manufacturers as they try and shift used stock.

[oilslick]

I'd be nervous about getting a PCP deal on a car out of warranty. You're on the hook for fixing anything that's broken before you give it back.

[SWoll]

oilslick said:

I'd be nervous about getting a PCP deal on a car out of warranty. You're on the hook for fixing anything that's broken before you give it back.

Especially a 4 year old JLR product that isn't AUC sourced.

[T_S_M]

SWoll said:

oilslick said:

I'd be nervous about getting a PCP deal on a car out of warranty. You're on the hook for fixing anything that's broken before you give it back.

Especially a 4 year old JLR product that isn't AUC sourced.

I think that's key personally. I'd only do it on a an "Approved Used" car through a main dealer. Some of them do 2-year warranties on used cars anyway.

[Monkeez]

CG2020UK said:

Spot on.

Treat it as a £340 a month lease for 2 years and that is decent to me.

plus about £50 per month for road tax

[Truckosaurus]

oilslick said:

I'd be nervous about getting a PCP deal on a car out of warranty. You're on the hook for fixing anything that's broken before you give it back.

Aren't PCPs on older cars just a delayed loan, you have to pay off the money no matter what, no "handing the car back", although you could sell it to cover the outstanding balloon payment.

[T_S_M]

Truckosaurus said:

oilslick said:

I'd be nervous about getting a PCP deal on a car out of warranty. You're on the hook for fixing anything that's broken before you give it back.

Aren't PCPs on older cars just a delayed loan, you have to pay off the money no matter what, no "handing the car back", although you could sell it to cover the outstanding balloon payment.

No, you can give the car back at the end of the term with no additional costs.

1) Hand the car back
2) Part exchange it for something else
3) Pay the balloon and keep the car

https://www.evanshalshaw.com/finance/car-finance/u...

[snotrag]

Shambler said:

Nemophilist said:

That’s possibly the worst deal.
By the car for £28,409, and after two years you have a final payment of £25,857.63!!!

Your looking to use it not buy it

Not gonna be using it much at 6000 miles p/a are you!?

[loskie]

people are mad to PCP a used car

[ACCYSTAN]

Disagree

PCP a used car can make sense if -

1. Has manufacturer warranty for duration of PCP aka the likes of Kia or MG
2. You can get a good GAP insurance product in case you write it off

[cheerfulcharlie]

Truckosaurus said:

oilslick said:

I'd be nervous about getting a PCP deal on a car out of warranty. You're on the hook for fixing anything that's broken before you give it back.

Aren't PCPs on older cars just a delayed loan, you have to pay off the money no matter what, no "handing the car back", although you could sell it to cover the outstanding balloon payment.

No not true - I gave back a Disco 4 a few years ago that was 5 yrs old - they wanted to charge me over £1k for various marks/scratches - but as they had no reference point (it was 2 yrs old when I bought it) they couldn't enforce the charge and it was dropped.