Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
User status: Offline
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Does anyone on here have a car on a PCP deal? If so who do you use for the deal? Main dealer or elsewhere? Also what sort of deposit do you put down in relation to the cars value? 10-15%?
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Pop
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Registered: 8th May 03
Location: Reading
User status: Offline
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Our car is financed on a PCP using main dealer finance as it was a decent rate and they gave a deposit allowance on top of any other deal we haggled.
When I used to sell cars for different manufacturers 10% was always the minimum deposit needed.
We did slightly more than 10% on ours as we wanted the monthly payments at a certain price.
Any questions just ask.
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Rick Draper
Member
Registered: 10th Feb 01
Location: Cheshire
User status: Offline
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Was just checking that 10-15% of the value was where most people are. The dealer said 10% was pretty much the utopia for a pcp deal. I can afford to put down a lot more but then whats the point as its not like i will see it back in the long run.
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Kyle T
Premium Member
Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
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I got PCP for my first Civic about 5 months ago, and I put down ~2k deposit from trade in plus 1500 cash.
With the CTR which I bought a few weeks ago, I traded in the old civic but I was actually in negative equity on it, so I ended up paying for CTR+1k 
I only need 500quid deposit for the CTR, but this isn't PCP - it's just a loan.
Lotus Elise 111R
Impreza WRX STi
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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i use ford options for mine at 3.9%, paid £99 deposit.
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Rick Draper
Member
Registered: 10th Feb 01
Location: Cheshire
User status: Offline
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Car i am looking at is £28020 OTR fully specked up and around £400-£440 PM using BMW Select.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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that's not a bad deal. paid £414 PM for my focus which was £16750 with £250 deposit.
what car out of interest?
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Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
User status: Offline
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123D M-Sport Coupe with a few bits and bobs.
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Jimbothebarbarian
Member
Registered: 19th Apr 07
Location: Cumbria..........drunk..
User status: Offline
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What's PCP?
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Mertin
Member
Registered: 12th Oct 05
Location: Scotland
User status: Offline
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I had mine with black horse (Lloyds TSB) through the dealer. I paid 2k deposit as thats what I sold my previous car for so put the cash towards the new one
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ed
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Registered: 10th Sep 03
User status: Offline
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Was going to PCP a CS3 a while back, dealership was expensive and there were cheaper options. Check out http://www.lingscars.com
It's a pretty sensible way of having a brand new car. The dealership offered three years servicing for £199, no MOT's and in certain cases the tax is included.
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whitter45
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Registered: 15th Nov 02
Location: Norton
User status: Offline
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1 series is on PCP - think with 20% deposit
Also had the VXR on PCP which was a cracking deal at £239 a month
Ended up costing me just under 3k for 2 years as the residuals were very good at the time
[Edited on 22-11-2011 by whitter45]
[Edited on 22-11-2011 by whitter45]
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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quote:
Originally posted by Rick Draper
Car i am looking at is £28020 OTR fully specked up and around £400-£440 PM using BMW Select.
Large deposit? Thats a good monthly for such an expensive car.
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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quote:
Originally posted by Jambo
quote:
Originally posted by Rick Draper
Car i am looking at is £28020 OTR fully specked up and around £400-£440 PM using BMW Select.
Large deposit? Thats a good monthly for such an expensive car.
I would guess around 20% - 30% on those figures
[Edited on 22-11-2011 by whitter45]
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ed
Member
Registered: 10th Sep 03
User status: Offline
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quote:
Originally posted by Jambo
quote:
Originally posted by Rick Draper
Car i am looking at is £28020 OTR fully specked up and around £400-£440 PM using BMW Select.
Large deposit? Thats a good monthly for such an expensive car.
Only pay the depreciation on a PCP so the deposit shouldn't be too large, you just end up with a big one at the end if you choose to keep it.
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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and normally they leave enough equity in the car for your next deposit - its perfect business sense for the dealers
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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Find the deals vary wildly. I was tempted with an offer from Thames Abarth for a 500. Was £200 p/m with a £1k deposti for 3yrs.
Deal is now £2k deposit and 4years. If you check lings cars its something like £350 a month!
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MatthewR
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Registered: 21st Oct 02
Location: Rickmansworth
User status: Offline
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mines through Vauxhall, they used Santander for mine, got a good deal works out £198 a month
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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Has anyone seriously looked into/used private Hp deals? I'm looking for one on a newish used car, but struggling to find anyone who does private?
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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quote:
Originally posted by Jambo
Find the deals vary wildly. I was tempted with an offer from Thames Abarth for a 500. Was £200 p/m with a £1k deposti for 3yrs.
Deal is now £2k deposit and 4years. If you check lings cars its something like £350 a month!
yes dealers change offers all the time
Initially when getting the VXR it was a 3 year PCP and when we went to place the order it was then a 2year PCP which was even better
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beckyw
Member
Registered: 20th Sep 11
Location: Kent
User status: Offline
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My fez in on PCP. no deposit and pay £273 a month over 3 years
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Rick Draper
Member
Registered: 10th Feb 01
Location: Cheshire
User status: Offline
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quote:
Originally posted by Jambo
quote:
Originally posted by Rick Draper
Car i am looking at is £28020 OTR fully specked up and around £400-£440 PM using BMW Select.
Large deposit? Thats a good monthly for such an expensive car.
£440 is with a 10% deposit and a 4 year deal 12k miles a year with a view to trade it in after 3 years.
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Russ
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Registered: 14th Mar 04
Location: Armchair
User status: Offline
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so you are going to give them 3k
then a further 16k over the next 3 years, to not have a car at the end of it?
wouldnt you be better getting a bank loan for the 19k and buying a car that will still be on your drive in 3 years time
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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personally i wouldnt do any longer than 3 years on pcp
values drop after 3 years
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A2H GO
Member
Registered: 14th Sep 04
Location: Stoke
User status: Offline
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PCP always worrys the hell out of me.
I get to drive a nice flash car that I wouldn't normally be able to afford but in in the long run when more important stuff like house and kids come along and you can no longer afford nor want to be spending £400 a month on a car, you have nothing to show for it and so have to scrape some money together to buy a shitter.
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