What APR for new Mercedes on a PCP?
Discussion
We're looking at the new A35 AMG for my wife and I was wondering what sort of APR you can push Mercedes to on new cars as I've never dealt with them before. I know when I've bought BMW in the past I've struggled to get below 5%, but when I was pricing up an Audi I did get them down to 4%.
Assuming there's no 0% offers on, what's the best APR you can expect? For the record my 'local' Mercedes dealership is JCT600
Assuming there's no 0% offers on, what's the best APR you can expect? For the record my 'local' Mercedes dealership is JCT600
st4 said:
Bank loan?
Buying outright a cheaper car? Lots of great cars out there.
Ahh right, still not affordable for us, rightly or wrongly we do PCP. Buying outright a cheaper car? Lots of great cars out there.
Could get a cheaper car but where’s the fun in that
Joking aside, I do appreciate people suggesting other options but we know what we want to buy and the best way for us to buy it, I just want to make sure I get the best deal I can
snerkler said:
Oops, have I put my foot in something
There's a small, but vocal PH community who view PCP as the spawn of the devil and not something a true PH'r would ever use or consider - it means you're just about impressing the neighbours and social status, not the car.They're wrong and it's trolling b
ks, so don't worry about those posts, but you will get people posting that you should be buying a nine year old ex-taxi Focus instead.JonChalk said:
There's a small, but vocal PH community who view PCP as the spawn of the devil and not something a true PH'r would ever use or consider - it means you're just about impressing the neighbours and social status, not the car.
They're wrong and it's trolling bks, so don't worry about those posts, but you will get people posting that you should be buying a nine year old ex-taxi Focus instead.
Ahh, thanks for the heads up They're wrong and it's trolling b
ks, so don't worry about those posts, but you will get people posting that you should be buying a nine year old ex-taxi Focus instead.JonChalk said:
There's a small, but vocal PH community who view PCP as the spawn of the devil and not something a true PH'r would ever use or consider - it means you're just about impressing the neighbours and social status, not the car.
They're wrong and it's trolling bks, so don't worry about those posts, but you will get people posting that you should be buying a nine year old ex-taxi Focus instead.
Except they’re not wrong. You are. They're wrong and it's trolling b
ks, so don't worry about those posts, but you will get people posting that you should be buying a nine year old ex-taxi Focus instead.It’s an outlook like yours that have caused personal debt levels rise to crisis levels and worryingly to a situation where people’s expenditures are exceeding their incomes.
PCP finance carries a huge sting in the tail - negative equity and advising someone to buy something more modest rather than saddle themselves with lots debt to “rent” a highly depreciating thing like a car is crazy.
If people actually saved up for their things we wouldn’t be in the dire predicament we are in.
st4 said:
Except they’re not wrong. You are.
It’s an outlook like yours that have caused personal debt levels rise to crisis levels and worryingly to a situation where people’s expenditures are exceeding their incomes.
PCP finance carries a huge sting in the tail - negative equity and advising someone to buy something more modest rather than saddle themselves with lots debt to “rent” a highly depreciating thing like a car is crazy.
If people actually saved up for their things we wouldn’t be in the dire predicament we are in.
fIt’s an outlook like yours that have caused personal debt levels rise to crisis levels and worryingly to a situation where people’s expenditures are exceeding their incomes.
PCP finance carries a huge sting in the tail - negative equity and advising someone to buy something more modest rather than saddle themselves with lots debt to “rent” a highly depreciating thing like a car is crazy.
If people actually saved up for their things we wouldn’t be in the dire predicament we are in.
king hell. Gross generalisation there pal. 2+2=84 with this thinking.
st4 said:
Except they’re not wrong. You are.
It’s an outlook like yours that have caused personal debt levels rise to crisis levels and worryingly to a situation where people’s expenditures are exceeding their incomes.
PCP finance carries a huge sting in the tail - negative equity and advising someone to buy something more modest rather than saddle themselves with lots debt to “rent” a highly depreciating thing like a car is crazy.
If people actually saved up for their things we wouldn’t be in the dire predicament we are in.
See........you can't be trusted to work out your own finances, or make sensible decisions for your life........some internet keyboard warrior will be along shortly to tell you how to do it - but their way.It’s an outlook like yours that have caused personal debt levels rise to crisis levels and worryingly to a situation where people’s expenditures are exceeding their incomes.
PCP finance carries a huge sting in the tail - negative equity and advising someone to buy something more modest rather than saddle themselves with lots debt to “rent” a highly depreciating thing like a car is crazy.
If people actually saved up for their things we wouldn’t be in the dire predicament we are in.
st4 said:
Except they’re not wrong. You are.
It’s an outlook like yours that have caused personal debt levels rise to crisis levels and worryingly to a situation where people’s expenditures are exceeding their incomes.
PCP finance carries a huge sting in the tail - negative equity and advising someone to buy something more modest rather than saddle themselves with lots debt to “rent” a highly depreciating thing like a car is crazy.
If people actually saved up for their things we wouldn’t be in the dire predicament we are in.
Yeah big generalisation that, I’ve never missed a payment or got myself into financial difficulty. By similar reasoning (other than the depreciation) I guess no-one should ever get a mortgage either, those things are massively front loaded with interest. It’s an outlook like yours that have caused personal debt levels rise to crisis levels and worryingly to a situation where people’s expenditures are exceeding their incomes.
PCP finance carries a huge sting in the tail - negative equity and advising someone to buy something more modest rather than saddle themselves with lots debt to “rent” a highly depreciating thing like a car is crazy.
If people actually saved up for their things we wouldn’t be in the dire predicament we are in.
JonChalk said:
See........you can't be trusted to work out your own finances, or make sensible decisions for your life........some internet keyboard warrior will be along shortly to tell you how to do it - but their way.
Yeah I’m with you on this one. I’m perfectly capable of understanding my finances and never got into financial difficulty. I understand people have different outlooks which is fine, but I don’t agree with people who try to force their opinion(s) and someone else.
My PCP deals are always within my means, if I didn’t understand my finances and was ‘happy’ to get into financial trouble I’d be driving a Range Rover Vogue V8 supercharged, but alas I’m not
The 'how to pay for my new car' debate is an interesting one.
It largely depends on each individuals circumstances and they will vary considerably. Some could sink £45k into a car and buy outright but that doesn't mean that this is the best way for them.
Some on PH would seem to think that if you finance your car through a PCP or lease then you are somehow 'unworthy' of your chosen steed. And that the only way to purchase anything is to save up cash and use that. What a load of toot - Economies and most business never work like that - fact.
80% of all new car purchases are made using some sort of financing. If this facility was to go away the car industry would be hit hard. This means that the people that could use cash for a car purchase would be screwed because all of a sudden prices would rocket or some car manufactures would cease to exist. Neither of which are desirable outcomes for anyone!
When I looked in Sep 17 the best rate for MBZ was about 4.9%, IIRC.
It largely depends on each individuals circumstances and they will vary considerably. Some could sink £45k into a car and buy outright but that doesn't mean that this is the best way for them.
Some on PH would seem to think that if you finance your car through a PCP or lease then you are somehow 'unworthy' of your chosen steed. And that the only way to purchase anything is to save up cash and use that. What a load of toot - Economies and most business never work like that - fact.
80% of all new car purchases are made using some sort of financing. If this facility was to go away the car industry would be hit hard. This means that the people that could use cash for a car purchase would be screwed because all of a sudden prices would rocket or some car manufactures would cease to exist. Neither of which are desirable outcomes for anyone!
When I looked in Sep 17 the best rate for MBZ was about 4.9%, IIRC.
Ian-27xza said:
Some on PH would seem to think that if you finance your car through a PCP or lease then you are somehow 'unworthy' of your chosen steed. And that the only way to purchase anything is to save up cash and use that. What a load of toot - Economies and most business never work like that - fact.
He was telling me that they see almost nobody rocking in and spunking 60k in cash pound notes - if they do then it’s often quite suspect types.
Gassing Station | Mercedes | Top of Page | What's New | My Stuff