Discussion
Fao Fats25. I see from your other thread that you had the problems with a pcp. I have recently taken one of these on the agility finance option (my first ever) on a c class coupe and am a bit worried after reading these threads.
However I don't plan to hand it back to MB finance as my preferred options
at the monent are to either buy it (if it suits at end of three years) or to part ex it (as should have some equity) and was told if latter it's not so important (also told can part ex anywhere - may go back to Audi A4).
Have I been given duff info here?
Tia
However I don't plan to hand it back to MB finance as my preferred options
at the monent are to either buy it (if it suits at end of three years) or to part ex it (as should have some equity) and was told if latter it's not so important (also told can part ex anywhere - may go back to Audi A4).
Have I been given duff info here?
Tia
Edited by Red111 on Saturday 5th May 22:26
Red111 said:
Fao Fats25. I see from your other thread that you had the problems with a pcp. I have recently taken one of these on the agility finance option (my first ever) on a c class coupe and am a bit worried after reading these threads.
However I don't plan to hand it back to MB finance as my preferred options
at the monent are to either buy it (if it suits at end of three years) or to part ex it (as should have some equity) and was told if latter it's not so important (also told can part ex anywhere - may go back to Audi A4).
Have I been given duff info here?
Tia
Hope this doesn't sound harsh but the idea of equity (aside from a few hundred quid) in a PCP is a false one. By this you either mean that you paid a larger than required deposit - which doesn't count as equity as they just spread that over the duration of the contract to reduce you monthly payments - or you mean that the guaranteed final value or balloon on the car is conservative - well they never are because the finance companies are pretty accurate on this count. Again not being harsh but you've bought a car that is approaching the end of it's life, well at least the design will be best part of 8 years old by the time you come to sell so that will hit your resale too. All negative sorry - best thing to do is enjoy the car worry about the money later!However I don't plan to hand it back to MB finance as my preferred options
at the monent are to either buy it (if it suits at end of three years) or to part ex it (as should have some equity) and was told if latter it's not so important (also told can part ex anywhere - may go back to Audi A4).
Have I been given duff info here?
Tia
Edited by Red111 on Saturday 5th May 22:26
I have to agree with olf. Although it was a PCP that i did, when I negotiated the rate I made the balloon payment as high as possible, with the least amount down.
I knew from day 1 that I would be giving the car back the day the 24 months finished. If I remember correctly the balloon payment was 27k, and the actual value of other similar vehicles at the time the deal finished was around 21k. My key driver was to spend the least amount over the downpayment and 24 month deal, hence keeping the GFV as high as possible!
If I were you, just think of the monthly payments as a lease. If you do well on the GFV then excellent news, but don't rely on it for your next car, as I suspect you will just give the keys back, fight your battle with Mercedes handback (although perhaps BCA will be a better experience), and wall away.
I knew from day 1 that I would be giving the car back the day the 24 months finished. If I remember correctly the balloon payment was 27k, and the actual value of other similar vehicles at the time the deal finished was around 21k. My key driver was to spend the least amount over the downpayment and 24 month deal, hence keeping the GFV as high as possible!
If I were you, just think of the monthly payments as a lease. If you do well on the GFV then excellent news, but don't rely on it for your next car, as I suspect you will just give the keys back, fight your battle with Mercedes handback (although perhaps BCA will be a better experience), and wall away.
kriswilson said:
prices for the C63 amg seem really competitive. anyone leased one of those? tips?
It does look good. £599 x 36 months with £6k deposit is the official offer on the MB website. However, that is for the base car - if you add options (PPP, LSD etc) I suspect this will probably add a couple hundred onto the monthly payments which takes the shine off it.I wonder if there is any room for manoeuvre with these numbers? If I could get the C63 with the options at £599/month it would be very tempting
How about a new SLK 250 cdi AMG for less than £240 a month INCLUSIVE of VAT
http://www.freedomcontracts.com/viewdeal.asp?id=13...
OOOOPS make that +VAT, still a bargain though
http://www.freedomcontracts.com/viewdeal.asp?id=13...
OOOOPS make that +VAT, still a bargain though
Edited by SimonMaidenhead on Tuesday 10th July 15:16
SimonMaidenhead said:
How about a new SLK 250 cdi AMG for less than £240 a month INCLUSIVE of VAT
http://www.freedomcontracts.com/viewdeal.asp?id=13...
Just got mine from them - 15K/pa on a 3+23 personal. Love it.http://www.freedomcontracts.com/viewdeal.asp?id=13...
Freedom are very good, IMO.
nej606k said:
Just been offered a SLK AMG Sport 250Cdi with metallic paint for £199pm + VAT 6+23 from MB Liverpool but thanks to the kind posters on here I will be running a mile after hearing about their returns policy.
Don't be too put off by it. They are harsh, but put it into the context of how much of a good deal you think it is. I'd probably put up with it for a deal like that.The returns policy is fair.
You are hiring the car, so you need to return it ready to retail.
When you trade a car you can have scratches, scuffed wheels, brakes that need doing, tyres that need replacing, they simply knock the price to sort them off the trade in price.
You pay either way, just that with a contract hire you see the bill.
You are hiring the car, so you need to return it ready to retail.
When you trade a car you can have scratches, scuffed wheels, brakes that need doing, tyres that need replacing, they simply knock the price to sort them off the trade in price.
You pay either way, just that with a contract hire you see the bill.
va1o said:
Just budget in paying to get all the chips etc sorted before you give it back.
Be careful with that because they'll often say it's not been done to a high enough standard so you can end up paying twice. MB forums have reports of this happening even with repairs done by MB bodyshops.Gassing Station | Mercedes | Top of Page | What's New | My Stuff