The Alfa Romeo 4C lease thread
Discussion
Kananga said:
Hope I'm wrong but suspect the £8k all-in deals are a complete fantasy now....
Think even at £11k they are a cracking proposition but it all adds up and each to their own!
@ Stuart: tend to share your view that nothing touches the 4C for the money, in terms of sheer driving pleasure/thrill!!
Yep, no brainier imho , nothing touches it for the money. Only car I have ever replaced with the same car and I've bought a lot of cars . Think even at £11k they are a cracking proposition but it all adds up and each to their own!
@ Stuart: tend to share your view that nothing touches the 4C for the money, in terms of sheer driving pleasure/thrill!!
SFO said:
Some mental deals backing up the case that short-term we are seeing an over-supply of cars...These are cars in stock, optioned up, no minimum deposit, with cheap APR.
Surely value here rather than leasing?
Edited by Helicopter123 on Thursday 24th August 12:50
Helicopter123 said:
SFO said:
Some mental deals backing up the case that short-term we are seeing an over-supply of cars...These are cars in stock, optioned up, no minimum deposit, with cheap APR.
Surely value here rather than leasing?
Edited by Helicopter123 on Thursday 24th August 12:50
Those deals look good at first glance- surely they would rather have the cars sold and out there rather than just sitting around? Should also help the second hand market establish itself more.
Helicopter123 said:
Some mental deals backing up the case that short-term we are seeing an over-supply of cars...
These are cars in stock, optioned up, no minimum deposit, with cheap APR.
Surely value here rather than leasing?
Well, based on current used pricing, a dealer might look for around £40,000 for the car after two years - maybe you'd ask £36,000 for a private sale? In other words, you'd lose about £9,000 depreciation in addition to financing costs of about £4,000. These are cars in stock, optioned up, no minimum deposit, with cheap APR.
Surely value here rather than leasing?
With that in mind, buying at these prices probably is probably a close call versus the lease deals if you assume used pricing remains stable. The problem is that I think used pricing is significantly higher than it should be.
marathonic said:
Well, based on current used pricing, a dealer might look for around £40,000 for the car after two years - maybe you'd ask £36,000 for a private sale? In other words, you'd lose about £9,000 depreciation in addition to financing costs of about £4,000.
With that in mind, buying at these prices probably is probably a close call versus the lease deals if you assume used pricing remains stable. The problem is that I think used pricing is significantly higher than it should be.
Depends how long before production ends, also how many of these lease deals actually are happening, no idea of the answers but just a couple of other variables to throw in , I can however see no way Alfa will want to continue making cars at a loss if that's whats happening.With that in mind, buying at these prices probably is probably a close call versus the lease deals if you assume used pricing remains stable. The problem is that I think used pricing is significantly higher than it should be.
I'd be pretty cautious buying a second hand one, seeing as some current deals for new ones are madness when comparing the difference between them.
I spent a solid afternoon on the phone ringing dealers and basically being cheeky, based on the knowledge that there appear to be a glut of heavily optioned cars available that dont seem to be shifting.
I've also made the assumption they need them gone, in order for the factory to build all these lease orders they have.Therefore the pressure is really on if they aren't to have a raft on disgruntled customers.
Finally,end of the month manufacturer bonuses etc, and it's a good time to negotiate.
Bearing in mind the cheapest 2nd hand cars seem to be hovering around the 36k area.
I was offered a brand new car with £9500 worth of options (so list price of just over 62k) for 44k. I'm guessing where I in the position to walk in with a bag of cash they would probably come down some more.
I'm just trying to get a decent lease deal on it, but for those in a position to buy I can't imagine losing a fortune on it, if running it for 2 years. It may even work out cheaper in total outlay than some of the very cheap lease deals that people struggled to get.
I spent a solid afternoon on the phone ringing dealers and basically being cheeky, based on the knowledge that there appear to be a glut of heavily optioned cars available that dont seem to be shifting.
I've also made the assumption they need them gone, in order for the factory to build all these lease orders they have.Therefore the pressure is really on if they aren't to have a raft on disgruntled customers.
Finally,end of the month manufacturer bonuses etc, and it's a good time to negotiate.
Bearing in mind the cheapest 2nd hand cars seem to be hovering around the 36k area.
I was offered a brand new car with £9500 worth of options (so list price of just over 62k) for 44k. I'm guessing where I in the position to walk in with a bag of cash they would probably come down some more.
I'm just trying to get a decent lease deal on it, but for those in a position to buy I can't imagine losing a fortune on it, if running it for 2 years. It may even work out cheaper in total outlay than some of the very cheap lease deals that people struggled to get.
Gmlgml said:
I was offered a brand new car with £9500 worth of options (so list price of just over 62k) for 44k. I'm guessing where I in the position to walk in with a bag of cash they would probably come down some more.
Just doing some man maths as I have nothing better to do today.£44,000 loan over three years is £1352 per month at a 6.9% APR - Natwest, off compare the market.
So in three years, what's the car worth? Has to be at least £30,000 and I think that's perhaps a bit pessimistic. So would cost £518 a month for three years on this crude calculation. Appreciate that £1352 a month is still a hefty amount to find every month!
I still think they need a much better second hand market
It's the pcp option I'm trying to weigh up. Although the initial deposit is higher than the lease, when the lease option is amortised there doesn't appear to be much in it. I've never managed to come out "ahead" on a pcp (i.e. GFV has always been higher than the actual value of the car) but even if this wouldn't be the case here and the GFV offsets some of the finance cost my main concern would be who would buy this sort of thing privately? I'd always go to a dealer. This in my mind wipes out any potential for having a lump sum above the GFV.
With this uncertainty in my man maths the lease option still comes out slightly ahead, assuming I can get it done!
With this uncertainty in my man maths the lease option still comes out slightly ahead, assuming I can get it done!
limpsfield said:
Just doing some man maths as I have nothing better to do today.
£44,000 loan over three years is £1352 per month at a 6.9% APR - Natwest, off compare the market.
So in three years, what's the car worth? Has to be at least £30,000 and I think that's perhaps a bit pessimistic. So would cost £518 a month for three years on this crude calculation. Appreciate that £1352 a month is still a hefty amount to find every month!
I still think they need a much better second hand market
The flaw is that the second hand ones are not moving at all and a car is only worth 30k if someone is willing to stump up the money. If there are no buyers then it isn't worth anything because the only way you would get rid would be an auction or WBAC type place £44,000 loan over three years is £1352 per month at a 6.9% APR - Natwest, off compare the market.
So in three years, what's the car worth? Has to be at least £30,000 and I think that's perhaps a bit pessimistic. So would cost £518 a month for three years on this crude calculation. Appreciate that £1352 a month is still a hefty amount to find every month!
I still think they need a much better second hand market
craigjm said:
The flaw is that the second hand ones are not moving at all and a car is only worth 30k if someone is willing to stump up the money. If there are no buyers then it isn't worth anything because the only way you would get rid would be an auction or WBAC type place
I completely agree - I do think they need to get these cars out there to give us more of a market. It's a great car and if you are going to keep it forever then who cares - but like most people on here I would be looking at a change some point down the line and the prices seems to be a little all over the place, with little volume.
limpsfield said:
I completely agree - I do think they need to get these cars out there to give us more of a market.
It's a great car and if you are going to keep it forever then who cares - but like most people on here I would be looking at a change some point down the line and the prices seems to be a little all over the place, with little volume.
With new cars lying around unsold for a year and used cars sitting there doing the same suggest there is no market for it.It's a great car and if you are going to keep it forever then who cares - but like most people on here I would be looking at a change some point down the line and the prices seems to be a little all over the place, with little volume.
I think it falls between two stools and lands flatly on its face as a failure regardless of how good it looks. On the one hand it's not hardcore enough for the exige and Elise crowd and on the other not forgiving enough for the daily driver Cayman buyers. I wouldn't want to have my money in one.
Good move, if I wasn't already committed with the spider lease I would have bought one of those for sure!
Did you take the 2 year pcp?
Did you take the 2 year pcp?
vpr said:
Well I ordered one of these cars yesterday with almost 18K saving it's hard not to
Great looking car, not sure why they're not moving as not sure what else you could get for that
He reckons first week of Sept for delivery from Italy????
Great looking car, not sure why they're not moving as not sure what else you could get for that
He reckons first week of Sept for delivery from Italy????
AlfaAddict said:
Good move, if I wasn't already committed with the spider lease I would have bought one of those for sure!
Did you take the 2 year pcp?
No cash purchase, it's a keeper it's the cheaper optionDid you take the 2 year pcp?
vpr said:
Well I ordered one of these cars yesterday with almost 18K saving it's hard not to
Great looking car, not sure why they're not moving as not sure what else you could get for that
He reckons first week of Sept for delivery from Italy????
Great looking car, not sure why they're not moving as not sure what else you could get for that
He reckons first week of Sept for delivery from Italy????
giblet said:
Amateurish said:
So a factory order then?
Not necessarily. Seems they store built cars near the factory so would make sense for some unsold models to be stored there and offered for sale over here at a discounted rate. That was the case with the anniversary spiders. Gassing Station | Alfa Romeo, Fiat & Lancia | Top of Page | What's New | My Stuff