Used car PCP -online calculators
Discussion
Hi all,
Currently looking at options for my next car and have seen that you can now get PCP deals on used cars (generally less than 5 years old). PCP works for me as I like to change my cars often but don't want the hassle of having to sell. Cars I want at the moment do not have any good lease deal options so PCP is looking like the way to go.
Now beyond he initial price of the car, the 2 key contributing factors to the PCP cost are the GMFV and the APR rate for the deal. I've managed to find 2 calculators online that give an indication of cost - magnitude finance and buyacar.co.uk. Is anyone aware of any others? I would like to get a few quotes together so that when I go to dealers I have some quotes to haggle with and can also get an idea of cars within my price bracket based on good GMFV.
Any advice/ other options appreciated.
Currently looking at options for my next car and have seen that you can now get PCP deals on used cars (generally less than 5 years old). PCP works for me as I like to change my cars often but don't want the hassle of having to sell. Cars I want at the moment do not have any good lease deal options so PCP is looking like the way to go.
Now beyond he initial price of the car, the 2 key contributing factors to the PCP cost are the GMFV and the APR rate for the deal. I've managed to find 2 calculators online that give an indication of cost - magnitude finance and buyacar.co.uk. Is anyone aware of any others? I would like to get a few quotes together so that when I go to dealers I have some quotes to haggle with and can also get an idea of cars within my price bracket based on good GMFV.
Any advice/ other options appreciated.
Thanks for the responses all.
Loan isn't a bad shout and looks as if it works out a lower total cost over the term but it's not necessarily something I can get out of at a later date and will still have that money coming out even if I have moved on car wise.
Do like the sound of a bank pcp at a (relatively) low rate Apr. I've been thinking about changing banks and some on the list offer change incentives so this may be a good place to start.
Loan isn't a bad shout and looks as if it works out a lower total cost over the term but it's not necessarily something I can get out of at a later date and will still have that money coming out even if I have moved on car wise.
Do like the sound of a bank pcp at a (relatively) low rate Apr. I've been thinking about changing banks and some on the list offer change incentives so this may be a good place to start.
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