PCP: How many people actually pay the balloon
Discussion
Sheepshanks said:
Elysium said:
However, manufacturer deals will be underwritten to achieve a certain margin. No-one lends money at 0% interest for 'free', so the finance cost has to be somewhere else in the deal and it will absolutely be factored into the manufacturers price. As the old saying goes, there is no such thing as a free lunch.
Don't forget that it costs (relatively) buttons to manufacture a car. So there's quite a few steps where things can be massaged to make an attractive deal. What manufacturers (ie car factories) want is to keep the lines fully loaded and for people to keep coming back and buying new cars. PCP is a customer retention product. You're not supposed to pay it off and it the deal makes it seem like you should then it has failed.
Sheepshanks said:
Elysium said:
I understand that headline APR rates are independent of negotiated dealer discounts and I never suggested otherwise. However, dealers will obviously offer as little as they can get away with to win a sale. So, they are highly likely to use 0% APR offers as a way of justifying lower discounts. I have seen this tactic used first hand, when VWFS were offering 0% APR on Seat models.
Dealers don't have anywhere to hide. Offers are heavily advertised and anyone can sanity check prices using DtD, CarWow etc. Some people just walk in and pay list though - that's fine with me, gives the dealer scope to offer me a better deal.I think this is likely to be due to the online brokers as they offer that certainty. However, talking to colleagues is suprises me how few people are comfortable in actually dealing with the brokers. I have bought 3 cars via DtD without issue, but I know several who have willingly and knowingly paid more for the comfort of buying face to face from their chosen dealer.
Elysium said:
I think this is likely to be due to the online brokers as they offer that certainty. However, talking to colleagues is suprises me how few people are comfortable in actually dealing with the brokers. I have bought 3 cars via DtD without issue, but I know several who have willingly and knowingly paid more for the comfort of buying face to face from their chosen dealer.
In the recent past we've asked our local dealer to price match the brokers and see how close we can get them to it. I'd have no issues using a broker if the local dealer wasnt playing ball.You're right though - generally most people dont like to use a broker.
swerni said:
The chip that keeps on growing!garyhun said:
swerni said:
The chip that keeps on growing!daemon said:
garyhun said:
swerni said:
The chip that keeps on growing!I warned you.
garyhun said:
swerni said:
The chip that keeps on growing!nickfrog said:
Whatever you do, don't read this (from page 7) https://www.pistonheads.com/gassing/topic.asp?h=0&...
I warned you.
oh the irony I warned you.
HumanDoing said:
'whatever argument makes my opinion right' is not the dictionary definition of objective.
nickfrog said:
Whatever you do, don't read this (from page 7) https://www.pistonheads.com/gassing/topic.asp?h=0&...
I warned you.
Some brilliant quotes there mind youI warned you.
HumanDoing said:
It's obvious to all you thought that renting an RS via PCP somehow made you a big shot and that somehow no better car would ever come along and you're bitter than the RS is now not even in the discussion of best hot hatches.
Cope with it. I can see why that would make you bitter and angry, but you need to get past that and move on. Maybe get shot of it and buy something else that will fill the obvious gaping hole in your self-esteem that you think is filled by owning a car that you think other people fawn over (they don't - no one cares).
Cope with it. I can see why that would make you bitter and angry, but you need to get past that and move on. Maybe get shot of it and buy something else that will fill the obvious gaping hole in your self-esteem that you think is filled by owning a car that you think other people fawn over (they don't - no one cares).
daemon said:
His profile bemuses me. Some people put in their notes their likes / dislikes, more info on themselves or job role but he has (and even though he has it listed in his garage anyway) in his front page notes "I own a 2014 Ford Fiesta ST." Is that mean to fill us with awe or something?
Well I did clearly say I wasn't go to engage in this discussion any more, as intelligent and intellectually fulfilling as it is. But seeing as you're attacking me directly -I never once said anything about anyone 'being filled with awe' because I own a Fiesta ST - why put words in my mouth? Sincere apologies for not filling out a full dating profiles of likes and dislikes, what I like as a first date idea, where I'd take you for dinner and what we'd talk about etc. Sincere apologies for only putting down the only f
king thing that's relevant on a car forum Daemon. If you're 'bemused' by someone writing what car they own on a car forum, you must be absolutely astounded when you sit on the bog, look down and there's a log dangling out of your f
king arse. Every day must be an extraordinary day of adventure and discovery and I envy you that. nickfrog said:
Whatever you do, don't read this (from page 7) https://www.pistonheads.com/gassing/topic.asp?h=0&...
I warned you.
What do you get out of bullying someone on the internet, seriously please share with us what you actually get out of it Frog. A grown man behaving like this. Incidentally, I'm not wrong at all - if you want to keep telling yourselves that doing a PCP works out better then YAYYY FROG YAYYYY. I'll get erecting a church to your honour ASAP as we wouldn't want the memory of your financial genius to be lost forever to suffering mankind would we? Heaven forbid I warned you.
I'm fully f
king aware that buying a car outright isn't 'free', the point is (as should be obvious to anyone who doesn't have their head totally up their arse with a picture of a naked woman with her legs splayed and 'PCP' shooting out of her reproductive system tattooed on their inner sphincter) that the cost of that is less than a PCP. Is that so hard to work out? HumanDoing said:
daemon said:
His profile bemuses me. Some people put in their notes their likes / dislikes, more info on themselves or job role but he has (and even though he has it listed in his garage anyway) in his front page notes "I own a 2014 Ford Fiesta ST." Is that mean to fill us with awe or something?
Well I did clearly say I wasn't go to engage in this discussion any more, as intelligent and intellectually fulfilling as it is. But seeing as you're attacking me directly -I never once said anything about anyone 'being filled with awe' because I own a Fiesta ST - why put words in my mouth? Sincere apologies for not filling out a full dating profiles of likes and dislikes, what I like as a first date idea, where I'd take you for dinner and what we'd talk about etc. Sincere apologies for only putting down the only f
king thing that's relevant on a car forum Daemon. If you're 'bemused' by someone writing what car they own on a car forum, you must be absolutely astounded when you sit on the bog, look down and there's a log dangling out of your f
king arse. Every day must be an extraordinary day of adventure and discovery and I envy you that. 
InitialDave said:
If you make definite statements like "it's cheaper to buy outright than on PCP", you are setting yourself up to not necessarily get the best deal when buying something.
Run the numbers on all the options and choose which seems best.
Yes I've done that and buying outright comes out better. Got a fRun the numbers on all the options and choose which seems best.
king problem with that? HumanDoing said:
InitialDave said:
If you make definite statements like "it's cheaper to buy outright than on PCP", you are setting yourself up to not necessarily get the best deal when buying something.
Run the numbers on all the options and choose which seems best.
Yes I've done that and buying outright comes out better. Got a fRun the numbers on all the options and choose which seems best.
king problem with that? HumanDoing said:
InitialDave said:
If you make definite statements like "it's cheaper to buy outright than on PCP", you are setting yourself up to not necessarily get the best deal when buying something.
Run the numbers on all the options and choose which seems best.
Yes I've done that and buying outright comes out better. Run the numbers on all the options and choose which seems best.
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