Discussion
Jon39 said:
tuffer said:
Gosh - a main dealer car, with what appears to have quite a few options. Probably the lowest price so far.
If that was a customer car, imagine what the trade-in price might have been, and how much the first year depreciation amounted to.
tuffer said:
Which say?
tuffer said:
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.
tuffer said:
I bottled it, cancelled order.
tuffer said:
Have you driven one on the public road? I was carrying out an overtake on a straight A road and the car felt very unstable over an uneven surface, I was not pushing hard but it was enough to unnerve me and was one of the reasons I chose to cancel my order so yes, it was a part of the justification. You can think what you want, my thoughts at the time were that the car did not handle anywhere near as well as I would expect. The other issues around build quality contributed to my decision.
And that's just PH. It's difficult to understand why you are still here?I can't be arsed to look up your rants on other platforms.
AMVSVNick said:
And that's just PH. It's difficult to understand why you are still here?
I can't be arsed to look up your rants on other platforms.
Exactly, so those issues lead to peoples perception of the car, maybe other people also drove a car and felt the same way, hence the resale values. I stand by what I said, I did not like the handling or the build quality, the looks I could live with. I felt the car was over priced at near 160K specced up and knew it would lose a lot, did not realise it would be quite this bad though.I can't be arsed to look up your rants on other platforms.
AMVSVNick said:
And that's just PH. It's difficult to understand why you are still here?
I can't be arsed to look up your rants on other platforms.
I’d say this is welcome discussion from someone clearly very passionate about the marque who deeply WANTED to buy the car but found it disappointing. I can't be arsed to look up your rants on other platforms.
I am the same.
Venturist said:
AMVSVNick said:
And that's just PH. It's difficult to understand why you are still here?
I can't be arsed to look up your rants on other platforms.
I’d say this is welcome discussion from someone clearly very passionate about the marque who deeply WANTED to buy the car but found it disappointing. I can't be arsed to look up your rants on other platforms.
I am the same.
t, Sherlock.
Venturist said:
AMVSVNick said:
And that's just PH. It's difficult to understand why you are still here?
I can't be arsed to look up your rants on other platforms.
I’d say this is welcome discussion from someone clearly very passionate about the marque who deeply WANTED to buy the car but found it disappointing. I can't be arsed to look up your rants on other platforms.
I am the same.
I have driven the car and it's awesome as has been reported by many.
Pity you found it disappointing.
Jon39 said:
Gosh - a main dealer car, with what appears to have quite a few options. Probably the lowest price so far.
If that was a customer car, imagine what the trade-in price might have been, and how much the first year depreciation amounted to.
So, let's say you pay 15k deposit. And what, 2k a month? 180k car
You "sell" it (i.e. return it) 6 months later at half the listed price at 90k (for easy maths)... do you get any money back from the sale? 15/2 = 7.5k deposit back? So you spent 7.5 + 2*6 = 19.5k to drive it for 6 months?
I know this belongs in a finance thread, but genuinely interested how that works out.
To keep on topic - this car does not work well with body coloured 'accents'.
You "sell" it (i.e. return it) 6 months later at half the listed price at 90k (for easy maths)... do you get any money back from the sale? 15/2 = 7.5k deposit back? So you spent 7.5 + 2*6 = 19.5k to drive it for 6 months?
I know this belongs in a finance thread, but genuinely interested how that works out.
To keep on topic - this car does not work well with body coloured 'accents'.
shinjuku said:
So, let's say you pay 15k deposit. And what, 2k a month? 180k car
You "sell" it (i.e. return it) 6 months later at half the listed price at 90k (for easy maths)... do you get any money back from the sale? 15/2 = 7.5k deposit back? So you spent 7.5 + 2*6 = 19.5k to drive it for 6 months?
I know this belongs in a finance thread, but genuinely interested how that works out.
To keep on topic - this car does not work well with body coloured 'accents'.
You’ve got it mixed up. You "sell" it (i.e. return it) 6 months later at half the listed price at 90k (for easy maths)... do you get any money back from the sale? 15/2 = 7.5k deposit back? So you spent 7.5 + 2*6 = 19.5k to drive it for 6 months?
I know this belongs in a finance thread, but genuinely interested how that works out.
To keep on topic - this car does not work well with body coloured 'accents'.
Let’s say 14k down and 2k a month on a 3 year deal.
List price 140k (so 10% deposit) so you’re borrowing 126k.
6 months later you’ve paid 2k x 6, so you owe 114k.
If the dealer offers you 90k for your car, then you’ve still got 24k you owe to the finance company. You’d have to pay them this before you can offload the car.
This is different if you ran to your full 3 year term, which is the only time where if the car is worth less than the outstanding finance it’s not your problem.
Venturist said:
shinjuku said:
So, let's say you pay 15k deposit. And what, 2k a month? 180k car
You "sell" it (i.e. return it) 6 months later at half the listed price at 90k (for easy maths)... do you get any money back from the sale? 15/2 = 7.5k deposit back? So you spent 7.5 + 2*6 = 19.5k to drive it for 6 months?
I know this belongs in a finance thread, but genuinely interested how that works out.
To keep on topic - this car does not work well with body coloured 'accents'.
You’ve got it mixed up. You "sell" it (i.e. return it) 6 months later at half the listed price at 90k (for easy maths)... do you get any money back from the sale? 15/2 = 7.5k deposit back? So you spent 7.5 + 2*6 = 19.5k to drive it for 6 months?
I know this belongs in a finance thread, but genuinely interested how that works out.
To keep on topic - this car does not work well with body coloured 'accents'.
Let’s say 14k down and 2k a month on a 3 year deal.
List price 140k (so 10% deposit) so you’re borrowing 126k.
6 months later you’ve paid 2k x 6, so you owe 114k.
If the dealer offers you 90k for your car, then you’ve still got 24k you owe to the finance company. You’d have to pay them this before you can offload the car.
This is different if you ran to your full 3 year term, which is the only time where if the car is worth less than the outstanding finance it’s not your problem.
I am not in the trade, and I dont use finance for vehicles if I can help it, so I am no expert. I was told this by a number of dealers:
With PCP the usual profile is x% deposit (usually up to 45% of the value of the vehicle) plus monthly payments with a guaranteed future value (GFV) at which you can simply hand the car back at the end of the term. Negative equity is not a problem in this arrangement and there is nothing to pay, and any actual equity is returned to the buyer.
With lease purchase you essentially 'agree' the GFV (so it is not a guaranteed amount) with the finance company called the balloon. You pay a deposit and make monthly payments as per the PCP deal above, although this arrangement typically attracts higher interest because of the risk. At the end of the term you have to settle the amount outstanding regardless of the value of the vehicle, or refinance.
On both types, early repayment is down to the individual small print, but on lease purchase generally repaying early is not an issue, whereas with PCP it can be more punitive.
The latter option is high risk and tends to be used by people wanting to get into something exotic for low monthies. The downside is if the speculation goes against the buyer they are left with a debt worth more than the car.
Current costs:
New Vantage (no options): £123,850 cash price (assuming no discount).
Finance over 24 months:
£4,000 Discount
£24,303.44 Deposit
23 x £795 monthly payments
Total paid in 24 months £42,588.44
Then you give the car back and don't care what it is worth, or you pay £88,885.97 to keep it.
There is £11,624.41 of interest to pay on that, the rest is depreciation.
(source Aston website).
£21,500 a year to drive that car for 2 years? Not too bad. (yes I know you can buy something else second hand for cheaper but if you are worried about residuals this takes that worry away).
In reality you would add maybe £15k of extras and likely negotiate a discount so the figures would change somewhat.
New Vantage (no options): £123,850 cash price (assuming no discount).
Finance over 24 months:
£4,000 Discount
£24,303.44 Deposit
23 x £795 monthly payments
Total paid in 24 months £42,588.44
Then you give the car back and don't care what it is worth, or you pay £88,885.97 to keep it.
There is £11,624.41 of interest to pay on that, the rest is depreciation.
(source Aston website).
£21,500 a year to drive that car for 2 years? Not too bad. (yes I know you can buy something else second hand for cheaper but if you are worried about residuals this takes that worry away).
In reality you would add maybe £15k of extras and likely negotiate a discount so the figures would change somewhat.
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