Evora PCP deal

[BertBert]

Having jokingly mentioned it on the other thread, is there any recent experience with the 0% Lotus finance deal on the Evora? Is it PCP and how do the numbers work out? List price, deposit, payments, GFV?
Cheers
Bert

[AndyGT430]

Ive bought a couple of cars on the 0% finance, it's only available on new cars. You pay 50% deposit of the full OTR price, no monthly payments or interest for 24months (NO GMFV) then you have to pay the balance in full, or sell it or trade it in etc. Some finance companies will give you finance. I'm on a PCP deal at the moment, 5.6% which seems the norm for Lotus (McLaren offers deals at 10.6%)!!

[BertBert]

Thanks for the info. Basically you pay full list in two payments then I guess. 50% up front and the remaining 50% on the second anniversary and either keep or sell the car.

[Boogs]

Only on new cars yes, but believe me you don’t need to pay anywhere close to list price.

It will knock a bit off of what you can negotiate though, because the cost of it is shared by Lotus and the dealer.

[6appeal]

It's not fixed at 50%... its a HP agreement at nil monthly payments. I paid 40% up front and the rest on the 0%. Great way to buy a car, definitely a good difference to PCP norms and rates.