I find myself tempted to push the button

[geeks]

On one of these:

http://www.dacia.co.uk/vehicles/offers/?ORIGIN=soc...



Have put the idea to SWMBO to see if we can at least go and get behind the wheel of one...

[STW2010]

I'm sure that the car is good for the money, but that finance deal is far from appealing. 49 months!!! £5k fee at the end? fk that

[R6VED]

eeeugh that looks rancid :-(

[ally_f]

Mmmmm....no thanks

[geeks]

STW2010 said:

I'm sure that the car is good for the money, but that finance deal is far from appealing. 49 months!!! £5k fee at the end? fk that

See what your saying, but it would be a monthly payment well within my budget, plus most finance deals do allow you to over pay now, so i could always do that when i am a bit more flush some months..

Edited by geeks on Wednesday 26th February 13:09

[vixen1700]

ally_f said:

Mmmmm....no thanks

I'm ooot too.

£17k

[Snowboy]

I assume you can give it back instead of paying £5k.
So it's a 4 year rental.
With an option to buy at the end.

Personally, I'd prefer a 4 year bank loan for the same monthly payments which would give me roughly £10k to buy a car - which I will still own at the end.

[Mobile Chicane]

Most motor finance companies will allow you to re-finance the balloon payment, but it's still an expensive way of buying a car.

[GTIR]

Don't you mean "Pull the trigger"?

(Hopefully it's a fully automatic with an extra large magazine)

[TwigtheWonderkid]

The appeal of these is their utilitarianism. Therefore, if I was buying I'd be going for the absolute bottom of the range, steel wheels, no toys etc.

[Snowboy]

Don't forget you still need to pay for maintenance.

Over four years that's going to be a few services, road tax, a new set of tyres, an mot.

On the two or three year plan you might not have these extra expenses, but on a four year plan you will.

[Bluebarge]

STW2010 said:

I'm sure that the car is good for the money, but that finance deal is far from appealing. 49 months!!! £5k fee at the end? fk that

The £5k is not a fee. It's a final payment if you then want to own the vehicle - you could otherwise hand it back.

As pcp schemes go, it doesn't look a bad deal, but make sure the warranty covers that 4th year in case it goes bang.

[blindswelledrat]

Snowboy said:

So it's a 4 year rental.
With an option to buy at the end.

So when looking at what else you can get for £240 per month, that car starts to look decidedly ropey.
As a purchase price £15k is pretty good

[_rubinho_]

Lounge? General Gassing surely. Is there an Other Marques|Undesirable sub-forum?

[STW2010]

geeks said:

See what your saying, but it would be a monthly payment well within my budget, plus most finance deals do allow you to over pay now, so i could always do that when i am a bit more flush some months..

Edited by geeks on Wednesday 26th February 13:09

Ok, that same monthly payment would get you a £9.5k loan from Natwest (better deals are undoubtedly out there). Now see what cars you can buy for that (one of those Dacia things, but a year older for a start!).

Do you really want to drive one of those things for 4 years, and then not even own it at the end?

Everyone is different, but I couldn't talk myself into seeing that as a good idea.

[STW2010]

Bluebarge said:

The £5k is not a fee. It's a final payment if you then want to own the vehicle - you could otherwise hand it back.

As pcp schemes go, it doesn't look a bad deal, but make sure the warranty covers that 4th year in case it goes bang.

That's what I meant. I saw all of the other fees (and also thought 'fk that') and confused the terms.

[Harry H]

geeks said:

plus most finance deals do allow you to over pay now, so i could always do that when i am a bit more flush some months..

Edited by geeks on Wednesday 26th February 13:09

You wanna check that as well. Quite a lot of deals also lump the interest on up front so even if you did pay off in a year you're still paying the whole 4 yr interest.

[Muzzer79]

I always find PCP deals palatable IF the final payment price is likely to be less or equivalent to what the car's worth, along with a low monthly payment.

1. That's not a low monthly payment
2. If that thing's worth anywhere near £5k in 5 years time I'll eat my arse.

Regardless of anyone's opinion on the car itself, there's better deals to be had.

[Monty Python]

If you want good value:

http://www.autoexpress.co.uk/vauxhall/astra/85916/...

[Pommygranite]

What's the appeal in spending a lot of cash on a cheap undesirable car?