NO THAT's NOT CORRECT!
If the car isn't worth the final payment, then YOU SIMPLY hand it back.
If it's worth more, then sell and cash in the difference or part ex and cash in the difference.
Clio 200 Cup via finance
- Thread starter Adam
- Start date
NO THAT's NOT CORRECT!
If the car isn't worth the final payment, then YOU SIMPLY hand it back.
If it's worth more, then sell and cash in the difference or part ex and cash in the difference.
Take a look on autotrader and you may be surprised. The cheapest 08 reg being £8,999.
For example, I could buy a 182 costing £5k for arguments sake and have to buy tyres, a service, cambelt, 2x MOT's and any day to day running costs or anything that may go wrong during this period.
With the 200 Cup I'd have no MOT's, I'd be unlikely to go through a set of tyres in 12k miles and I'd have a main dealer warranty for any niggles/issues.
I haven't got my heart set on this, I'm genuinely intrigued as on the surface it seems an attractive proposition. I have no experience of these deals before so I'd like to know why this isn't a good idea, not just because it's a Clio for £14k or it's a brand new car.
But you're opinion is utter rubbish and carries zero weight, I wouldn't ask a 16 year old about what the best mortgage deals are - so I don't see how you can have a say on something you know NOTHING about.
Soldato
- Joined
- 18 May 2010
- Posts
- 12,882
Like an early settlement on loan?
If thats true then ignore what I said, if you're ahppy to hand it back and you can do that then thats fine. I'm very pessimistic about finance, I avoid it all costs but would use it sensibly if I knew I could afford it
Do not buy a car on finance, I don't have time to explain why now. I'm sure the rest of motors will be on shortly.
Could you explain what is wrong with this deal exactly, as I'd like to know. The GFV looks reasonable, and the monthly payment it about right for a car of that value.
Ignore me, according to Maz I KNOW NOTHING.
This is the category I fall in to. I can comfortably afford the monthly payments but all of my free cash was used to pay for my house deposit. I have shares etc I can sell to free up the £8k now, but I'd rather not sell them at this point in time.
Although if I am realistic, I couldn't say that I'd go for a new car in 2 years time. It's a possibility but I cannot guarantee it. In an ideal situation, I'd be hoping the car is worth more than the final payment (as 2008/08 Clio 197's are currently advertised for in excess of £9k).
Ignore me, according to Maz I KNOW NOTHING.
Well, until you answer the question about why it's bad, you're proving that yourself ...
This new one will be cheaper than a used one on the same PCP deal, namely because
A) The dealer has discounted the car by over £3k - using money the dealer gets for customer signing upto this deal.
B) Interest rate is 4.9% APR - You won't be able to get this rate on anything used unless somehow subsidized by manufacturer or dealer, and then no £3k discount.
Ignore me, according to Maz I KNOW NOTHING.
How am I able to take you seriously if you reply with "do not buy something on finance, I don't have time to put my opinion across now but don't do it anyway!". It's utter nonsense.
paradigm has summed it up, your paying a massive amount for what is just a very good Clio, I mean just take a look at pistonheads for what else is available for all the money that he would paying.
Ignore me, according to Maz I KNOW NOTHING.
I'm glad you've recognised your epic failings you n00b!
Do the sellers allow him to pay £205 a month with a £999 deposit and warrant the car for 3 years with no MOTS.....on and on and on and on....
You seem to be missing the point - we aren't discussing alternative cars. You said "finance is bad" - can you explain why?
But how would you know?
You don't e v e n f r i g g i n d r i v e y o u a b s o l u t e n 0 0 b!
A Clio 200 Cup is pretty special, one of, if not the best hot hatch of recent times.
Yes, but is it worth all that money?