Are GFV’s increasing inline with used car prices?
Discussion
I am a serial leaser but am aware of the lack of really attractive deals and also the lack of supply and increase in demand for used cars which is pushing values up and making leasing less attractive as the lease cost may now be greater than the depreciation over the lease period.
Anyway - it’s made me think, are manufacturers increasing GFV’s on new PCP deals at present?
Never had a PCP but if residuals are going to be strong for the foreseeable which is reflected in strong GFV’s then PCP might be a more cost effective option than leasing.
Anyone had any recent experience?
Cheers
Anyway - it’s made me think, are manufacturers increasing GFV’s on new PCP deals at present?
Never had a PCP but if residuals are going to be strong for the foreseeable which is reflected in strong GFV’s then PCP might be a more cost effective option than leasing.
Anyone had any recent experience?
Cheers
zj2016 said:
I am a serial leaser but am aware of the lack of really attractive deals and also the lack of supply and increase in demand for used cars which is pushing values up and making leasing less attractive as the lease cost may now be greater than the depreciation over the lease period.
Anyway - it’s made me think, are manufacturers increasing GFV’s on new PCP deals at present?
Never had a PCP but if residuals are going to be strong for the foreseeable which is reflected in strong GFV’s then PCP might be a more cost effective option than leasing.
Anyone had any recent experience?
Cheers
Took out a PCP 3 weeks ago, I checked the same deal on the configurator the other day and with the same terms the GFV has dropped nearly £600 so no increase here. Anyway - it’s made me think, are manufacturers increasing GFV’s on new PCP deals at present?
Never had a PCP but if residuals are going to be strong for the foreseeable which is reflected in strong GFV’s then PCP might be a more cost effective option than leasing.
Anyone had any recent experience?
Cheers
I guess it depends on the car but I've been tracking new prices on particular BMWs which are going up quarter on quarter, however GFVs (strangely) are going down.
e.g. a new X3 M40i base spec GFV has progressively decreased from 26k to 25k and I saw on the BMW Forces UK site that it is now 22.5k despite the RRP going up and discounts drying up.
I don't know if this is particular to big petrol cars / ICE in general but the affect of the above "widening of the jaws" is that monthly PCP prices are of course getting larger as the purchase prices are going up, but the GFVs are going down.
Would love to know if anything is bucking that trend!
e.g. a new X3 M40i base spec GFV has progressively decreased from 26k to 25k and I saw on the BMW Forces UK site that it is now 22.5k despite the RRP going up and discounts drying up.
I don't know if this is particular to big petrol cars / ICE in general but the affect of the above "widening of the jaws" is that monthly PCP prices are of course getting larger as the purchase prices are going up, but the GFVs are going down.
Would love to know if anything is bucking that trend!
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