The Bargain PCP Deal Thread

[stuart-ermrc]

Thoughts on this? It appeared on my Facebook thread.

https://www.arnoldclark.com/nearly-new-cars/bmw/3-...

Delivery mileage with the M Performace kit on the new 330i.

Looks stunning!!!!

Seems a lot of car for the money. Perhaps you could try a bigger deposit to get the monthly payments down?

£1599 deposit
£499 per month
Contract mileage 32,000

[anonymous-user]

stuart-ermrc said:

Thoughts on this? It appeared on my Facebook thread.

https://www.arnoldclark.com/nearly-new-cars/bmw/3-...

Delivery mileage with the M Performace kit on the new 330i.

Looks stunning!!!!

Seems a lot of car for the money. Perhaps you could try a bigger deposit to get the monthly payments down?

£1599 deposit
£499 per month
Contract mileage 32,000

Car ruined by the cheap looking plastic grill

[Integroo]

stuart-ermrc said:

Seems a lot of car for the money. Perhaps you could try a bigger deposit to get the monthly payments down?

£1599 deposit
£499 per month
Contract mileage 32,000

I'm sure you could. It would be the same amount of cash either way though . . .

Also, that ain't a particularly good deal.

[Gareth1974]

Integroo said:

stuart-ermrc said:

Seems a lot of car for the money. Perhaps you could try a bigger deposit to get the monthly payments down?

£1599 deposit
£499 per month
Contract mileage 32,000

I'm sure you could. It would be the same amount of cash either way though . . .

Also, that ain't a particularly good deal.

You can lease a 330i M Sport for £5500 less over the same years/mileage https://leasing.com/independent-brokers/new-car-co...

I don’t know how much extra the MSport Performance pack would add to the lease, although the lease would be brand new and include road fund licence.

[snake_oil]

Y'all realise the 330i is a 2 litre 4 pot, right. Just sayin. Doesn't quite stack up as a 'lot of car for the money' imo...

[Deep Thought]

cirian75 said:

This looks good for a run around

with a £2k deposit plus £500 px from me should be able to get it down to 108pm

chances?

https://www.arnoldclark.com/new-cars/kia/picanto/1...

Decent enough deal, however it depends on how long you want to keep the car for.

But some points

The £10,995 doesnt give a true indication of any discount. They talk about "save £755 on current list price". This suggests maybe they are maybe pre price rise cars. It might be worth checking with carwow, drivethedeal and broadspeed.com as to what discounts are available.

If you are planning on keeping it for the longer term - and why would you not if its just a cheap runaround - you could take the finance, and thus the £1,000 contribution, clear it and take a cheap loan out for the £7,500 or so balance over 5 years. That would work out at £134 a month and you'd own the car. Also after 3 years you'd owe around £3,100 ish as opposed to the £4,716 residual they are quoting.

Personally, £10,995 makes the little KIA sound expensive to me. There would be other cars i'd rather have at my door than one of those - lots of pre-reg, and big discounts / offers on other brands too.

[Deep Thought]

Integroo said:

stuart-ermrc said:

Seems a lot of car for the money. Perhaps you could try a bigger deposit to get the monthly payments down?

£1599 deposit
£499 per month
Contract mileage 32,000

I'm sure you could. It would be the same amount of cash either way though . . .

Also, that ain't a particularly good deal.

It would however, reduce interest charges.

I agree RE: the price.

A standard 330i M Sport can be had with just a few miles on it for £30,500

https://www.autotrader.co.uk/classified/advert/201...

[Clyde_05]

Recently came across the X3M Comp deal £549 deposit followed by 48 payments of £549 p/m. I have PCP'd in the past but been a few years and have preferred to lease more recently, but this is a very tempting offer. How would it work if I wanted to hand the car back after two years?

[Deep Thought]

Clyde_05 said:

Recently came across the X3M Comp deal £549 deposit followed by 48 payments of £549 p/m. I have PCP'd in the past but been a few years and have preferred to lease more recently, but this is a very tempting offer. How would it work if I wanted to hand the car back after two years?

Assuming its a PCP, i'd assume you'd be in significant negative equity at the two year point. "Handing the car back" would basically be a VT, and they would bill you for the difference between what you'd paid and the 50% of the total agreement amount, plus fair wear and tear charges.

TL:DR - it would cost you £,£££s.

[Clyde_05]

Deep Thought said:

Assuming its a PCP, i'd assume you'd be in significant negative equity at the two year point. "Handing the car back" would basically be a VT, and they would bill you for the difference between what you'd paid and the 50% of the total agreement amount, plus fair wear and tear charges.

TL:DR - it would cost you £,£££s.

Didn't realise they would look for any future payments. OK not very feasible then. Might just extend the S4 for another year.

[Deep Thought]

Clyde_05 said:

Deep Thought said:

Assuming its a PCP, i'd assume you'd be in significant negative equity at the two year point. "Handing the car back" would basically be a VT, and they would bill you for the difference between what you'd paid and the 50% of the total agreement amount, plus fair wear and tear charges.

TL:DR - it would cost you £,£££s.

Didn't realise they would look for any future payments. OK not very feasible then. Might just extend the S4 for another year.

They wont look for future payments, but its an HP agreement with a deposit, monthly payments and a balloon, so at any given time you can get a settlement figure.

Like a lease agreement, you cant just hand it back early without potential consequences.

[CX53]

Not the most PH car going, but we have just sorted a new Suzuki Swift Attitude 1.2 Dualjet for my Mrs.

It’s a cracking little car, it really is... apart from the fake carbon body kit which makes me cringe as I work with carbon... it’s a very nice drive, looks good, has some nice toys like Apple play and parking camera.. decent supportive seats and very civilised no quicker roads compared to older swifts, the 1.2 is punchy.

Progress Suzuki (Letchworth, Milton Keynes and Kettering) are doing a ‘VAT Free’ deal with a decent discount.

Zero deposit, and £169 per month for 8k miles pa, 48 months, balloon of around 4 grand. Even cheaper if you go for a lesser spec but the alloys and body kit make the car look much nicer even if some of it is fake carbon effect.

Not for everyone, but I think this is a genuine bargain so thought I’d share incase anyone needs a hassle free run around.

[nuttywobbler]

CX53 said:

Not the most PH car going, but we have just sorted a new Suzuki Swift Attitude 1.2 Dualjet for my Mrs.

It’s a cracking little car, it really is... apart from the fake carbon body kit which makes me cringe as I work with carbon... it’s a very nice drive, looks good, has some nice toys like Apple play and parking camera.. decent supportive seats and very civilised no quicker roads compared to older swifts, the 1.2 is punchy.

Progress Suzuki (Letchworth, Milton Keynes and Kettering) are doing a ‘VAT Free’ deal with a decent discount.

Zero deposit, and £169 per month for 8k miles pa, 48 months, balloon of around 4 grand. Even cheaper if you go for a lesser spec but the alloys and body kit make the car look much nicer even if some of it is fake carbon effect.

Not for everyone, but I think this is a genuine bargain so thought I’d share incase anyone needs a hassle free run around.

I don't think it's a 'PCP bargain' per se.

These are £12,617 RRP with the 'VAT Free saving', direct from the suzuki.co.uk home page. And you'll get it lower than that through a broker - easily under £12k I would say.

Your deal works out as £12,112.

So, overall, you're basically just paying the standard price of the car?

[Jasey_]

Deep Thought said:

Clyde_05 said:

Deep Thought said:

Assuming its a PCP, i'd assume you'd be in significant negative equity at the two year point. "Handing the car back" would basically be a VT, and they would bill you for the difference between what you'd paid and the 50% of the total agreement amount, plus fair wear and tear charges.

TL:DR - it would cost you £,£££s.

Didn't realise they would look for any future payments. OK not very feasible then. Might just extend the S4 for another year.

They wont look for future payments, but its an HP agreement with a deposit, monthly payments and a balloon, so at any given time you can get a settlement figure.

Like a lease agreement, you cant just hand it back early without potential consequences.

https://www.john-clark.co.uk/bmw/new-car-offers/x3-m-competition/


A lot will depend on how the Dealer / BMW deposits of £19k are treated - if they are part of "your payments" then volutary termination could be possible after 2 years - but no guarantees.

[CX53]

nuttywobbler said:

I don't think it's a 'PCP bargain' per se.

These are £12,617 RRP with the 'VAT Free saving', direct from the suzuki.co.uk home page. And you'll get it lower than that through a broker - easily under £12k I would say.

Your deal works out as £12,112.

So, overall, you're basically just paying the standard price of the car?

We couldn’t find any other brand new car, big enough and worth having for £169 per month. Likely won’t pay the balloon and instead give it back, like many others who PCP do, so it’s quite a good deal, should be reliable and it’s a nice car to drive. Didn’t quite fancy an Aygo, Corsa or Dacia Sandero instead for similar or not massively less money.

Edited by CX53 on Wednesday 6th November 11:51

[snorkel sucker]

Deep Thought said:

Clyde_05 said:

Deep Thought said:

Assuming its a PCP, i'd assume you'd be in significant negative equity at the two year point. "Handing the car back" would basically be a VT, and they would bill you for the difference between what you'd paid and the 50% of the total agreement amount, plus fair wear and tear charges.

TL:DR - it would cost you £,£££s.

Didn't realise they would look for any future payments. OK not very feasible then. Might just extend the S4 for another year.

They wont look for future payments, but its an HP agreement with a deposit, monthly payments and a balloon, so at any given time you can get a settlement figure.

Like a lease agreement, you cant just hand it back early without potential consequences.

From what I've seen of the deal, I think it is a PCP. You can work it out in terms of when you could hand the car back; the point is when you have paid 50% of the total amount payable which, I think in the case of this deal, is at about month 38.

[Jasey_]

snorkel sucker said:

Deep Thought said:

Clyde_05 said:

Deep Thought said:

Assuming its a PCP, i'd assume you'd be in significant negative equity at the two year point. "Handing the car back" would basically be a VT, and they would bill you for the difference between what you'd paid and the 50% of the total agreement amount, plus fair wear and tear charges.

TL:DR - it would cost you £,£££s.

Didn't realise they would look for any future payments. OK not very feasible then. Might just extend the S4 for another year.

They wont look for future payments, but its an HP agreement with a deposit, monthly payments and a balloon, so at any given time you can get a settlement figure.

Like a lease agreement, you cant just hand it back early without potential consequences.

From what I've seen of the deal, I think it is a PCP. You can work it out in terms of when you could hand the car back; the point is when you have paid 50% of the total amount payable which, I think in the case of this deal, is at about month 38.

I'd be surprised if the whole deposit is included in your "half" of the payments.

The dealer contribution is likely to be taken off prior to the numbers being submitted for finance and the BMW contribution(s) are likely to count towards your half payments - but not guaranteed.

This looks like it's been set up to run the full 48 months or you'd be looking at a big payments to settle using VT - I think BMW have been burnt with VT in the past and are trying to set the numbers so it's more in their favour.

[snorkel sucker]

Jasey_ said:

snorkel sucker said:

Deep Thought said:

Clyde_05 said:

Deep Thought said:

Assuming its a PCP, i'd assume you'd be in significant negative equity at the two year point. "Handing the car back" would basically be a VT, and they would bill you for the difference between what you'd paid and the 50% of the total agreement amount, plus fair wear and tear charges.

TL:DR - it would cost you £,£££s.

Didn't realise they would look for any future payments. OK not very feasible then. Might just extend the S4 for another year.

They wont look for future payments, but its an HP agreement with a deposit, monthly payments and a balloon, so at any given time you can get a settlement figure.

Like a lease agreement, you cant just hand it back early without potential consequences.

From what I've seen of the deal, I think it is a PCP. You can work it out in terms of when you could hand the car back; the point is when you have paid 50% of the total amount payable which, I think in the case of this deal, is at about month 38.

I'd be surprised if the whole deposit is included in your "half" of the payments.

The dealer contribution is likely to be taken off prior to the numbers being submitted for finance and the BMW contribution(s) are likely to count towards your half payments - but not guaranteed.

This looks like it's been set up to run the full 48 months or you'd be looking at a big payments to settle using VT - I think BMW have been burnt with VT in the past and are trying to set the numbers so it's more in their favour.

That's an interesting point, and another reason why they're able to get away with ever increasing extortionate RRPs. If they're able to inflate the RRP and then offer thousands off that price as a contribution, yet that doesn't count towards the total balance payable, then that's a fantastic loophole they've found; a deposit by the buyer does most definitely count towards the total amount payable (although in the case where you're planning on a VT, you'd be mad to stick a big lump down as a deposit but that's another debate!)

[Deep Thought]

Jasey_ said:

snorkel sucker said:

Deep Thought said:

Clyde_05 said:

Deep Thought said:

Assuming its a PCP, i'd assume you'd be in significant negative equity at the two year point. "Handing the car back" would basically be a VT, and they would bill you for the difference between what you'd paid and the 50% of the total agreement amount, plus fair wear and tear charges.

TL:DR - it would cost you £,£££s.

Didn't realise they would look for any future payments. OK not very feasible then. Might just extend the S4 for another year.

They wont look for future payments, but its an HP agreement with a deposit, monthly payments and a balloon, so at any given time you can get a settlement figure.

Like a lease agreement, you cant just hand it back early without potential consequences.

From what I've seen of the deal, I think it is a PCP. You can work it out in terms of when you could hand the car back; the point is when you have paid 50% of the total amount payable which, I think in the case of this deal, is at about month 38.

I'd be surprised if the whole deposit is included in your "half" of the payments.

The dealer contribution is likely to be taken off prior to the numbers being submitted for finance and the BMW contribution(s) are likely to count towards your half payments - but not guaranteed.

This looks like it's been set up to run the full 48 months or you'd be looking at a big payments to settle using VT - I think BMW have been burnt with VT in the past and are trying to set the numbers so it's more in their favour.

The total amount payable include deposit, dealer / manufacturer contribution, interest + amount borrowed.

It wont include discount off list price.

[Mo28]

Evans Halshaw offering the Ecoboost and V8 Mustang on 0% APR
Contracted mileage: 6k pa

Ecoboost manual:

Offer 1 - £16,695 deposit and pay nothing for 3 years

Offer 2 - £429 deposit and £429 a month for 37 months

V8 manual:

£489 deposit and £489 a month for 37 months