Guess the car
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Discussion

sim72

Original Poster:

4,998 posts

164 months

Saturday 23rd August 2014
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shoehorn

686 posts

173 months

Saturday 23rd August 2014
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A 12 year old corsa diesel bought from one of those used car supermarkets,using one of their cheapest finance packages,I see you got the 10% discount you jammy git!

sim72

Original Poster:

4,998 posts

164 months

Saturday 23rd August 2014
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I can assure you that PCP is (unfortunately) nothing to do with me, was posted by a friend in the trade on t'Interweb.

haggishunter

1,315 posts

273 months

Saturday 23rd August 2014
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Something you couldn't afford to buy outright?

...Mole...

2,780 posts

221 months

Saturday 23rd August 2014
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Rolls-Royce Wraith

Impasse

15,099 posts

271 months

Saturday 23rd August 2014
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Ignis.

dudleybloke

20,553 posts

216 months

Saturday 23rd August 2014
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Capri ghia.

tbc

3,017 posts

205 months

Saturday 23rd August 2014
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Morris Minor 1000

r11co

6,244 posts

260 months

Saturday 23rd August 2014
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When you see the numbers scaled up like this it makes it pretty clear why financing a depreciating asset on credit for anything more than 24 months is a bit mental. Even worse is financing only a percentage share in that asset.

Having said that, we will still get the plethora of 'I can afford X per month' sheeple justifying their decision to spend even more because they have even less in order to pretend otherwise.

Superhoop

4,913 posts

223 months

Saturday 23rd August 2014
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An 18 year old Peugeot 406 with 140k and full service history?

delboy735

1,656 posts

232 months

Saturday 23rd August 2014
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A fully specced up BMW 320D ???

DoctorX

8,237 posts

197 months

Saturday 23rd August 2014
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Where's Chris Harris? Looks like his sort of deal.

David87

7,024 posts

242 months

Saturday 23rd August 2014
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I'm going for a Lamborghini Huracán with lots of options.

sim72

Original Poster:

4,998 posts

164 months

Saturday 23rd August 2014
quotequote all
Mole was closest. 333K? Ouch.



Looking at the prices of used Mulsannes, that 93K final payment fee wouldn't be far off what the car will actually worth by 2018. And you've already paid 240K for it.

Edited by sim72 on Saturday 23 August 13:04

SV8Predator

2,102 posts

195 months

Saturday 23rd August 2014
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sim72 said:
that 93K final payment fee wouldn't be far off what the car will actually worth by 2018.
So they've done their sums correctly then?


TheEnd

15,370 posts

218 months

Saturday 23rd August 2014
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Does that include Supagard?

tbc

3,017 posts

205 months

Saturday 23rd August 2014
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DoctorX said:
Where's Chris Harris? Looks like his sort of deal.
If you believe what harris says, he's paying £1500 a month for an FF

xRIEx

8,180 posts

178 months

Saturday 23rd August 2014
quotequote all
SV8Predator said:
sim72 said:
that 93K final payment fee wouldn't be far off what the car will actually worth by 2018.
So they've done their sums correctly then?
So that's how PCP works! hehe

valiant

14,189 posts

190 months

Saturday 23rd August 2014
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12.5% apr? That's a bit rich, non?

Surely if you're in a position to afford such a car then you'll be able to secure a better rate unless Carcraft have improved their stock recently.

FourWheelDrift

92,302 posts

314 months

Saturday 23rd August 2014
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£333k. That's a lot of money to pay for a car that makes a Maybach look beautiful.