BYRON
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Registered: 1st Jun 04
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If you could drive the subject vehicle for 12 months and 10k miles all for £279 per month. Would you?
The market place suggests that it is a crackin price, which I have no doubt it is - but would it appeal to non-Honda drivers?
Bit of research im performing here at work....
What do you think? 
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whitter45
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Registered: 15th Nov 02
Location: Norton
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what happens after the 12 months??
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Dean_W
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Registered: 13th Dec 05
Location: Downham Market, Norfolk
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I wouldn't, because I do a lot more miles a year than that.
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Ricky352
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Registered: 6th Apr 07
Location: Lisburn, N.I.
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quote:
Originally posted by Dean_W
I wouldn't, because I do a lot more miles a year than that.
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Daimo B
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Registered: 20th Mar 00
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I thought 12,000 miles per year was the average, about 5-6 years ago?
I know we've done 16k in 1 year in the astra, and my old corsa saw 20k+
Is the money paying for basically a hire car for 12 months?
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Dean_W
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Registered: 13th Dec 05
Location: Downham Market, Norfolk
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Then you've got fuel on top. It's one of those cars that you'd be hoofing round in.
It'd cost a fortune. Maybe a business would pay that, but Joe Average wouldn't.
[Edited on 06-08-2007 by Dean_W]
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deanmcreynolds26
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Registered: 15th Sep 03
Location: E46 //M3
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prob would, yeh!
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BYRON
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Registered: 1st Jun 04
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Ballon payment of £15,500 at contract maturity (12 months old), or return the car at no cost.
I actually think that anyone with a half decent income, who wants a new car every 12 months with zero hassle would be more than interested.
Like I said, building some r&d before anything is finalised.
Typically, most personal contract deals are actually 10k per year. I appreciate that people do more than that, but you would be surprised by the amount that dont.
Excess mileage would be approx 10 pence per mile over the agreed 10k.
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Daimo B
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Registered: 20th Mar 00
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TBH Bryon, not the best place to ask on here then as most of the people are younger. Better off asking on Passionford or something similar.
It can be a no hassle idea, but i think most people would change for a new car rather than forking out a balloon payment. In which case, can you get rid of all the cars?
Will it be profitable.
TBH, for people leaving on the outskirts of a town/city, this could be perfect for them, but its advertising and finding that market.
[Edited on 06-08-2007 by VXR]
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Ecosse Sport
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Registered: 5th Jun 02
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I'd be very interested in that.
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antscorsa
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Registered: 11th Aug 02
Location: london
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my dad does a similar thing but its every 3 years!!!
he prefers it this way, pays his monthly payments then at the end fo the 3 year deal theres a ballon payment which usually is the cost of the car, but what he does is to just then change it for a new car! trades it in with a new car, that then pays off the ballon payment.
new car every 3 years - no hassle
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SetH
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Registered: 15th Jul 01
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Its a great idea for some people, better if you are self employed and put it through your company as well.
its not for everyone though.
Ive had a look around and great deals include corsa and astra VXR, as mentioned the CTR.
Z4 is good deal atm as is the Alfa GT.
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SetH
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Registered: 15th Jul 01
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loads of very good deals on 320 diesels as well.
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Gaz
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Registered: 24th Aug 03
Location: Widnes, Cheshire
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quote:
Originally posted by Ricky352
quote:
Originally posted by Dean_W
I wouldn't, because I do a lot more miles a year than that.
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BYRON
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Registered: 1st Jun 04
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quote:
Originally posted by VXR
TBH Bryon, not the best place to ask on here then as most of the people are younger. Better off asking on Passionford or something similar.
It can be a no hassle idea, but i think most people would change for a new car rather than forking out a balloon payment. In which case, can you get rid of all the cars?
Will it be profitable.
TBH, for people leaving on the outskirts of a town/city, this could be perfect for them, but its advertising and finding that market.
[Edited on 06-08-2007 by VXR]
I appreciate that a corsa forum with some younger users may not be the best platform to think aloud, but as im a forum member, I thought sod it.
Disposal is no problem for us, nor would it be an issue for the user. Thats the beauty of contract hiring. There is no risk to the customer.
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Colin
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Registered: 4th Apr 02
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Its a good deal for the car for that much money - compaired to other offers, but i dont think id contract hire!! I looked into it once & didnt see any real gains!!
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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Would it be limited to just Honda Civics? No Audis or anything decent like that? 
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ChazSXi
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Registered: 26th Jan 03
Location: Waterlooville, Hampshire
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i can see it working...imo when ive done my degree id rather have a nice flash new car i changed every 12 months than having to pay finance on a car..probably costing more....and having to keep it for 3-5 years
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SetH
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Registered: 15th Jul 01
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exactly, not everyone has 20k in the bank to splash on a car, i giggle at people that get cars on finance as they end up paying something like 27k for a 18k car.
You could get a personal loan but same again, after 3 years your stuck with a car worth 10k and still over 20k left on your personal loan.
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ChazSXi
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Registered: 26th Jan 03
Location: Waterlooville, Hampshire
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id aim your market at the young professional 22-28 ish...as a family wont want it...as obv damage etc... and any one younger generally wont afford it!
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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Leasing/pcp whatever you want to call it is the way forward if you want a brand new car. Like antcorsa says. Obviously a bit of a luxury to be able to be in the position to do but its better than spending the same amount doing a Corsa or any other old hatchback up like some do 
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Welsh Dan
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Registered: 23rd Mar 00
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Does that amount include insurance?
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Paul_J
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Registered: 6th Jun 02
Location: London
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that's not bad...
but what happen's if the car breaks down? Services?
If the rental company pays for repairs / services, it's a bargain...
To buy a new car and drive it for a year you'd lose at least £3000 in depriciation anyway!
I've spent loads on repairing my car last year!
Plus your driving a new car.
What's spec of Type R - GT tho? quick one?
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Rob H
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Registered: 28th Oct 00
Location: Staffordshire Drives: Astra SRi
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quote:
Originally posted by Welsh Dan
Does that amount include insurance?
No
Your effectively paying the depreciation of the car off for the first year.
Quite a good way of doing it really - saves you around £350+ a year in servicing and Road Tax fees.
Depends if your intent on swapping every year or not, being as that's the worst year to take the hit in depreciation, but it's not a bad way of doing it really  .
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Welsh Dan
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Registered: 23rd Mar 00
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I can see what you mean about depreciation, but on a new car like that, surely its an assumption that it will drop in value by a specific amount?
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