Dacia finance cost

Dacia finance cost

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Discussion

ACCYSTAN

Original Poster:

846 posts

122 months

Tuesday 31st October 2023
quotequote all
Hi,
Helping my elderly neighbour source their next car, the car they liked the most after a test drive is the Dacia Sandero Stepway in expression TCE 90 trim.

The retail price is £16,295 plus £650 if they choose a non white colour.

I can get a small discount for cash, £16,100 is the best cash price i can find although I have only tried 3 local dealers.

The issue is the finance and the cost of it, Dacia finance is 9.9%!

Their current car does 4k a year mileage so a PCP is ideal, they want to lease this time as they like the idea of having a car under warranty and changing it every 3 years.

I tried carwow to get a decent pcp deal but the 9.9% finance kills any carwow discount.

So my question.
When is the Dacia retail finance next up for review?
Normally these deals run to the end of a month or quarter.



ACCYSTAN

Original Poster:

846 posts

122 months

Tuesday 31st October 2023
quotequote all
Thank you for the replies, i will print this page and share it with them.

One question to the contributor who mentioned the Sandero and Sandero Stepway are similar.
I must admit i havent had chance to drive the new stepway, is it simply ride height or is there other differences?
Is the stepway roof stretched to make it more spacious inside?
Is the stepway body length stretched to make it more spacious?
Is the boot the same size?



Edited by ACCYSTAN on Tuesday 31st October 14:20

ACCYSTAN

Original Poster:

846 posts

122 months

Tuesday 31st October 2023
quotequote all
Thank you for the reply, more for for though.

Worth adding Dacia are not the only manufacturer offering 9.9% interest and above, Citroen are at 12.9% on a C3!
Ford 4.9% on a fiesta
VW 7.5% on a Polo

ACCYSTAN

Original Poster:

846 posts

122 months

Wednesday 1st November 2023
quotequote all
Update

Someone at Dacia must read the forum

The APR across the board has been reduced to 6.9%

Still high but more in keeping with the majority of other manufacturers

£9141 for 3 years in expression trim white colour on a pcp with the minimal 6,000 miles a year


Edited by ACCYSTAN on Wednesday 1st November 13:29

ACCYSTAN

Original Poster:

846 posts

122 months

Thursday 2nd November 2023
quotequote all
Dacia APR should reflect the price of its cars, it should be ultra competitive, at current interest rates or a touch higher but no more.

Dacia has competition from a number of brands offering cheaper cars than the sandero.

The same is true of the Duster.

They are not the bargain they think they are.



ACCYSTAN

Original Poster:

846 posts

122 months

Sunday 12th November 2023
quotequote all
Update

Dealer called my neighbour this week to tell him they are now offering £500 deposit contributions on a PCP for a Sandero stepway.


In the past month we have had -

APR reduced from 9.9% to 6.9%
£500 deposit contribution

Still looks expensive, Dacia must have woken up to the fact they are not competitive on pricing

ACCYSTAN

Original Poster:

846 posts

122 months

Monday 20th November 2023
quotequote all
Little update

Been in a Dacia dealers this morning, current manufacturer offer is in place until 3rd Jan, so no further APR reductions until the new year.

ACCYSTAN

Original Poster:

846 posts

122 months

Friday 24th November 2023
quotequote all
I think your right

Add to that MG are about to replace the 3 and they have a glut of 3s about to be seriously discounted thousands under a Sandero.

Don’t get me wrong the Sandero is a better car than the 3 but when your unique selling point is price and others are ahead in this respect, then why buy a Dacia?

The frustration for dealers is the Sandero is thousands cheaper on the continent, they seem to add 2-3 grand across the Dacia range to UK models.
If that’s for the hassle of right hand drive or the £ conversion I’m not sure, not really any other significant reason for the price increase compared to France, Germany, etc.
under brexit there is no additional cost to importing a EU car to the UK , it’s the same terms.

ACCYSTAN

Original Poster:

846 posts

122 months

Saturday 30th December 2023
quotequote all
i was in a different Dacia dealers this week, new manufacturer offers from the 4th Jan.

They are not selling many cars at the moment, as is the case in most dealers.

The sales staff agreed they need a stand out APR rate come Jan to get them shifted; they were having to pre reg some vehicles this month.


ACCYSTAN

Original Poster:

846 posts

122 months

Friday 5th January
quotequote all
UPDATE

Sept & Oct 23 - 9.9% APR
Nov & Dec 23 - 6.9% APR
Jan 24 - 4.9% APR with a 25% deposit for 24 months or 7.9% all other terms

Needless to say, they are going to lease a Citroen C3 aircross which works at at under £2.5k per year

The Dacia Sandero over 2 years PCP on the new quote they got yesterday works out at £3,449.50