Buying a brand new Caterham
Discussion
coppice said:
My 225bhp Seven is the same price to insure as my 125bhp Focus - and the old adage of 'enough's as good as a feast but more's better ' has a slight ring of truth . But any Seven is just huge fun - whether 120bhp or twice that .A new owner's ego does need to adjust to the fact that in heavy rain 120bhp can feel like way too much ...if Sevens teach you one thing it is how to evolve an educated right foot !
Who are you using for the caterham insurance? My 210bhp R400 costs me twice what my 530d or 350SLK each cost me, despite shopping around. red_slr said:
Footman James are generally good price wise.
If you are over 30 and have no convictions it should be c.£300 for decent mileage. (5000 ish)
Once you have a couple of years with them you should be able to get it for 200-250.
If you are over 30 and have no convictions it should be c.£300 for decent mileage. (5000 ish)
Once you have a couple of years with them you should be able to get it for 200-250.
Not for me. I'm currently paying over £600. FJ were more than that. 3000 miles, clean licence, full ncb on my other cars.
Aeroscreens said:
I'm with REIS on their Family Marque policy, you just need more cars than drivers. £923 gets me a 1993 Caterham Zetec (£27,500 Agreed value and 7K miles), 2000 Mazda MX-5 and 2009 Honda CR-V all with UK and European breakdown cover.
I'm paying £1300 for 2015 R400, 2014 350SLK and 2014 530d. Overall not too bad in comparison but 1/2 of what I pay is for Caterham.....
......who knows what it'll cost me when I fit throttle bodies!
Edited by anonymous-user on Thursday 18th August 22:47
REALIST123 said:
Who are you using for the caterham insurance? My 210bhp R400 costs me twice what my 530d or 350SLK each cost me, despite shopping around.
Lloyd and Whyte - I have full ncb , live in N Yorkshire market town. I am relatively ancient though , but even 20 years ago my then Seven (128bhp SS) was loads cheaper to insure than the various Golf GTis etc I was running as daily drivers.
coppice said:
REALIST123 said:
Who are you using for the caterham insurance? My 210bhp R400 costs me twice what my 530d or 350SLK each cost me, despite shopping around.
Lloyd and Whyte - I have full ncb , live in N Yorkshire market town. I am relatively ancient though , but even 20 years ago my then Seven (128bhp SS) was loads cheaper to insure than the various Golf GTis etc I was running as daily drivers.
That's who I'm with. I'm in my 60s though son is on policy, 33 with full NC. 5 track days cover for me only.
Mr John said:
Back on thread, can you get them on PCP, and roughly how much ?
I act as a car leasing broker... In theory, I should be able to arrange a PCP deal but I would expect funders not to understand a 7's residual values (or maintenance budgets), so would anticipate them doing a bespoke, manual quote and being unduely pessimistic. That would result in a high monthly payment (but a bargain final payment!)
If you want, drop me a private message and I can have a look.
BigCol said:
Mr John said:
Back on thread, can you get them on PCP, and roughly how much ?
I act as a car leasing broker... In theory, I should be able to arrange a PCP deal but I would expect funders not to understand a 7's residual values (or maintenance budgets), so would anticipate them doing a bespoke, manual quote and being unduely pessimistic. That would result in a high monthly payment (but a bargain final payment!)
If you want, drop me a private message and I can have a look.
Unfortunately not... a 7 is too specialised for my funders.
I had hoped they'd be able to do a bespoke, manual quote and even if pessistic on the Residual Value, it'd just result in loads of equity compared to the Guaranteed Future Value.
Given this would be the only 7 on a fleet of 100,000s of vehicles it was not of commercial interest to them. Definitely in the "too difficult" box.
I had hoped they'd be able to do a bespoke, manual quote and even if pessistic on the Residual Value, it'd just result in loads of equity compared to the Guaranteed Future Value.
Given this would be the only 7 on a fleet of 100,000s of vehicles it was not of commercial interest to them. Definitely in the "too difficult" box.
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