New Vantage?

[Jon39]

It is not the arithmetic of the leasing that intrigued me, but the insistence that the new Vantage must be registered, before 31 October 2018.

Aston Martin CEO, Dr. Andy Palmer was reported to have said, shortly after the late 2017 launch, "The first year production is almost sold out".

Customer deliveries only began about a month ago, so are new leasing customers being allowed to jump ahead of other buyers?

[macdeb]

p1stonhead said:

macdeb said:

Jon39 said:

Can we read anything into this?

https://www.dicklovett.co.uk/aston-martin/new-car-...

Order a new Vantage, but it must be registered before 31 October 2018.

For a car without any options the cost is;

£29,000
then 23 monthly payments of £999
Having paid £52,000, you can then give the car back, when it is 2 years old.

If you want to buy when 2 years old, pay £82,000.

give the car back in two years after paying £52k that is so funny, gotta love those deals. (not)

If the depreciation is the same its no different to selling it after two years. The loss remains the same.

You either pay £120k up front, then sell for £80k and lose the difference.

Or you keep the £80k in the bank, pay £52k via deposit and monthlies, then give it back instead of selling for £80k because you still have the £80k from the start.

Either way, you have lost the £52k.

This assumes the GFV is the approx the same as the depreciation. In reality the PCP will probably cost a bit more, but you dont have to find £120k up front.

Edited by p1stonhead on Wednesday 18th July 13:40

Yes, but that's my problem with PCP, the customer is doing no more than paying the depreciation in order to have it parked on the drive for a couple years going nowhere much because of mileage restrictions. Suits some, salesmen must love it, but not for me. Wait a couple of years, save and own it outright after the biggest depreciation hit. Different strokes suppose.

Edited by macdeb on Wednesday 18th July 13:58

[macdeb]

Jon39 said:

It is not the arithmetic of the leasing that intrigued me, but the insistence that the new Vantage must be registered, before 31 October 2018.

Aston Martin CEO, Dr. Andy Palmer was reported to have said, shortly after the late 2017 launch, "The first year production is almost sold out".

Customer deliveries only began about a month ago, so are new leasing customers being allowed to jump ahead of other buyers?

good question

[p1stonhead]

macdeb said:

p1stonhead said:

macdeb said:

Jon39 said:

Can we read anything into this?

https://www.dicklovett.co.uk/aston-martin/new-car-...

Order a new Vantage, but it must be registered before 31 October 2018.

For a car without any options the cost is;

£29,000
then 23 monthly payments of £999
Having paid £52,000, you can then give the car back, when it is 2 years old.

If you want to buy when 2 years old, pay £82,000.

give the car back in two years after paying £52k that is so funny, gotta love those deals. (not)

If the depreciation is the same its no different to selling it after two years. The loss remains the same.

You either pay £120k up front, then sell for £80k and lose the difference.

Or you keep the £80k in the bank, pay £52k via deposit and monthlies, then give it back instead of selling for £80k because you still have the £80k from the start.

Either way, you have lost the £52k.

This assumes the GFV is the approx the same as the depreciation. In reality the PCP will probably cost a bit more, but you dont have to find £120k up front.

Edited by p1stonhead on Wednesday 18th July 13:40

Yes, but that's my problem with PCP, the customer is doing no more than paying the depreciation in order to have it parked on the drive for a couple years going nowhere much because of mileage restrictions. Suits some, salesmen must love it, but not for me. Wait a couple of years, save and own it outright after the biggest depreciation hit. Different strokes suppose.

But you are not comparing like for like.

You cant compare PCP to buying second hand. They are totally different propositions.

[macdeb]

Yes, I know. One is rent a new car then 'maybe' buy it, and the other is own a second hand car. I've no beef with it, different strokes as I say.

Edited by macdeb on Wednesday 18th July 15:35

[p1stonhead]

macdeb said:

Yes, I know. One is rent a new car and the other is own a second hand car. I've no beef with it, different strokes as I say.

No it’s not. One is buying a car new, one is buying second hand.

It’s still owning on PCP. You just have the option on paying it off at the end or walking away.

As I said, the cash position (sometimes) is no different.

It’s not ‘renting’ the same way leasing is.

Edited by p1stonhead on Wednesday 18th July 15:41

[macdeb]

Don't want to fall out or get nailed to the cross about it but, however it's dressed up. You 'own' the car when you have paid for it in full, otherwise you don't.
Back on topic, it's a bloody great car.

[Jon39]

p1stonhead said:

macdeb said:

Yes, I know. One is rent a new car and the other is own a second hand car. I've no beef with it, different strokes as I say.

No it’s not. One is buying a car new, one is buying second hand.

It’s still owning on PCP. You just have the option on paying it off at the end or walking away.

As I said, the cash position (sometimes) is no different.

It’s not ‘renting’ the same way leasing is.

I don't know whether you own (or perhaps lease) an Aston Martin, p1stonhead, but many of the cars are weekend 'toys'. Therefore with the pampering and very low mileages, you often can hardly distinguish any difference, between a brand new AM and a two year old one. Hence the great attraction of buying the 2 to 3 year olds, at about half the original new cost. One that has been loaded with options is especially attractive, because the new cost of those extras is little reflected in the used price.

Mac made a comment about PCP, 'salesmen must love it'.

I expect you know the background, but during recent years these finance plans have created a boom time for the motor industry, particularly for the so called premium segment. Mercedes-Benz have been able to increase their total UK car sales by a remarkable 100%. Previously they could only sell to customers who could pay the total car cost (either with cash, or HP). With PCP they suddenly had an additional group of customers available to them, who could not afford the price of a new car, but could pay for the depreciation part of the cost. Bingo, sales double, everyone is happy.

A very clever scheme.

[p1stonhead]

Jon39 said:

p1stonhead said:

macdeb said:

Yes, I know. One is rent a new car and the other is own a second hand car. I've no beef with it, different strokes as I say.

No it’s not. One is buying a car new, one is buying second hand.

It’s still owning on PCP. You just have the option on paying it off at the end or walking away.

As I said, the cash position (sometimes) is no different.

It’s not ‘renting’ the same way leasing is.

I don't know whether you own (or perhaps lease) an Aston Martin, p1stonhead, but many of the cars are weekend 'toys'. Therefore with the pampering and very low mileages, you often can hardly distinguish any difference, between a brand new AM and a two year old one. Hence the great attraction of buying the 2 to 3 year olds, at about half the original new cost. One that has been loaded with options is especially attractive, because the new cost of those extras is little reflected in the used price.

Mac made a comment about PCP, 'salesmen must love it'.

I expect you know the background, but during recent years these finance plans have created a boom time for the motor industry, particularly for the so called premium segment. Mercedes-Benz have been able to increase their total UK car sales by a remarkable 100%. Previously they could only sell to customers who could pay the total car cost (either with cash, or HP). With PCP they suddenly had an additional group of customers available to them, who could not afford the price of a new car, but could pay for the depreciation part of the cost. Bingo, sales double, everyone is happy.

A very clever scheme.

I was actually just playing devils advocate and would not choose to PCP myself or buy a new car because I couldn’t stomach the depreciation

I’m in the market for a second hand V8V as it turns out!

[Jon39]

p1stonhead said:

I’m in the market for a second hand V8V as it turns out!

Good man, great choice. A car that was first displayed in 2003, and which fifteen years later is still being complimented, must be special.

I have had a 4.7 V8V for about seven years, and every drive out is an occasion for me.
On top of that, I don't think it has depreciated very much either.

If you want any advice, do your research, choose your ideal specification, then wait for one to appear on sale.

[macdeb]

p1stonhead said:

Jon39 said:

p1stonhead said:

macdeb said:

Yes, I know. One is rent a new car and the other is own a second hand car. I've no beef with it, different strokes as I say.

No it’s not. One is buying a car new, one is buying second hand.

It’s still owning on PCP. You just have the option on paying it off at the end or walking away.

As I said, the cash position (sometimes) is no different.

It’s not ‘renting’ the same way leasing is.

I don't know whether you own (or perhaps lease) an Aston Martin, p1stonhead, but many of the cars are weekend 'toys'. Therefore with the pampering and very low mileages, you often can hardly distinguish any difference, between a brand new AM and a two year old one. Hence the great attraction of buying the 2 to 3 year olds, at about half the original new cost. One that has been loaded with options is especially attractive, because the new cost of those extras is little reflected in the used price.

Mac made a comment about PCP, 'salesmen must love it'.

I expect you know the background, but during recent years these finance plans have created a boom time for the motor industry, particularly for the so called premium segment. Mercedes-Benz have been able to increase their total UK car sales by a remarkable 100%. Previously they could only sell to customers who could pay the total car cost (either with cash, or HP). With PCP they suddenly had an additional group of customers available to them, who could not afford the price of a new car, but could pay for the depreciation part of the cost. Bingo, sales double, everyone is happy.

A very clever scheme.

I was actually just playing devils advocate and would not choose to PCP myself or buy a new car because I couldn’t stomach the depreciation

I’m in the market for a second hand V8V as it turns out!

now he tells me Good choice bloke and good luck.

[p1stonhead]

macdeb said:

p1stonhead said:

Jon39 said:

p1stonhead said:

macdeb said:

Yes, I know. One is rent a new car and the other is own a second hand car. I've no beef with it, different strokes as I say.

No it’s not. One is buying a car new, one is buying second hand.

It’s still owning on PCP. You just have the option on paying it off at the end or walking away.

As I said, the cash position (sometimes) is no different.

It’s not ‘renting’ the same way leasing is.

I don't know whether you own (or perhaps lease) an Aston Martin, p1stonhead, but many of the cars are weekend 'toys'. Therefore with the pampering and very low mileages, you often can hardly distinguish any difference, between a brand new AM and a two year old one. Hence the great attraction of buying the 2 to 3 year olds, at about half the original new cost. One that has been loaded with options is especially attractive, because the new cost of those extras is little reflected in the used price.

Mac made a comment about PCP, 'salesmen must love it'.

I expect you know the background, but during recent years these finance plans have created a boom time for the motor industry, particularly for the so called premium segment. Mercedes-Benz have been able to increase their total UK car sales by a remarkable 100%. Previously they could only sell to customers who could pay the total car cost (either with cash, or HP). With PCP they suddenly had an additional group of customers available to them, who could not afford the price of a new car, but could pay for the depreciation part of the cost. Bingo, sales double, everyone is happy.

A very clever scheme.

I was actually just playing devils advocate and would not choose to PCP myself or buy a new car because I couldn’t stomach the depreciation

I’m in the market for a second hand V8V as it turns out!

now he tells me Good choice bloke and good luck.

[Beefmeister]

Seems that AM have an issue with the window seals already. One I drove failed leaving the window stuck down while I know of another three affected. The one I drove also had an intermittent issue with the ‘bonnet open’ warning going off when it was nothing of the sort. Only happened when very hot in direct sunlight (when the bonnet was almost too hot to touch) so I’m guessing it’s somsthing to do with a sensor getting too hot.

Not good really, but at least these things get ironed out early on. The car really is an absolute revelation though, staggeringly good.

Review video to come soon...

[tuffer]

I had one for 24 hours on test drive, liked it immensely but it did have some build issues, I put that down to it being a very early car. Mine is due next month but I am having some doubts based on the build quality.

[KevinBird]

They've taken their eye off the ball with boat, plane and apartment projects and forgotten their core product so quality is suffering. There's even an unresolved issue with the last of the previous generation Vantage so I don't hold out much hope for the new car

[RobDown]

KevinBird said:

They've taken their eye off the ball with boat, plane and apartment projects and forgotten their core product so quality is suffering. There's even an unresolved issue with the last of the previous generation Vantage so I don't hold out much hope for the new car

I’m not going to disagree about the brand stretch. I’m surely not the only one who sighed in despair when they came out with that plane/drone thing

But equally I’m not sure the guys on the production line who put the (seemingly faulty) window seals in are also the same people who are designing the Miami apartments :P

[KevinBird]

RobDown said:

But equally I’m not sure the guys on the production line who put the (seemingly faulty) window seals in are also the same people who are designing the Miami apartments :P

No but the senior management will be spreading themselves too thin juggling all these projects so something will suffer

The possible IPO is probably the biggest culprit

[dbs2000]

KevinBird said:

No but the senior management will be spreading themselves too thin juggling all these projects so something will suffer

The possible IPO is probably the biggest culprit

Will they really? These side projects are more than likely down to the marketing dept, as has been said, the folks on the production line won't bat an eyelid at them. The new Vantage is a completely new car, if they have a faulty part from a supplier or there is a small design flaw it'll be ironed out, hopefully quicker than the leaky rear lights Nothing to worry about.

Edited by dbs2000 on Thursday 19th July 12:40

[tuffer]

I bottled it, cancelled order.

[RobDown]

tuffer said:

I bottled it, cancelled order.

Shame. You should never listen to people on PH (me included)