Clio 200 Cup via finance

But don't forget the mileage limit only kicks in if you hand it back. If you sell privately or trade it in you may get a little less due to the additional mileage but you don't have to pay a penalty so to speak.

Glad you got it sorted, my pleasure to help :)

Edit: Found a dealer selling the Cup spoiler for £150 delivered on the renaultsport forums, just need to find somewhere to spray and fit it. Already had a quote of £254 + VAT but that seems very high!
 
Adam said:
Edit: Found a dealer selling the Cup spoiler for £150 delivered on the renaultsport forums, just need to find somewhere to spray and fit it. Already had a quote of £254 + VAT but that seems very high!
Click to expand...

For a spoiler:eek:

Does the paint contain swarovski crystals?
 
Tom|Nbk said:
Clio RS 200 - Cup Pack - Speedlines (Black)

Vehicle cost: £14805
Deposit: £1676.95
First Payment: £288.82
Monthly payment: £189.82
Final payment: £9350
Mileage: 5000 miles per year.
APR 4.4%
Click to expand...

First off, congrats on the new car, it'll look good and be a good laugh to thrash around... :)

But on the money side of things, I just want to make sure I've got my numbers right, as the value of the deal is being lauded to the point of being of comparable value to a used example, and it looks expensive to me.

23 payments of £189.82 = £4,365.86 +
1 payment of £288.82 = £4,654.68 +
Deposit of £1676.95 = £6,331.63

So fixed cost over 2 years:-

Repairs = £0
MOT = £0
Servicing = £0
Insurance = £?
Fuel = £?
Road Fund License = £235.00
Depreciation/Finance/Interest = £6331.63

SubTotal = £6566.63

Divided by 24 months = £273.61 or
Divided by 10,000 miles = 65.67p

I'd agree with anyone that said it was a good value way to get into a brand new nicely specced Clio 200, but a viable, comparable alternative financially to a £3k Mk2 172? Not even close.

Get a loan for £6000.
Buy a mint Mk2 Clio 172 with the right options, 12 months T&T, FSH, cambelt done, new discs & pads, and new premium tyres.
Pay more than £3000 for this.
Put the balance into savings.
Drive it for 24 months/10,000 miles.
Pay for MOT/Servicing/warranty/repairs from the balance of the loan in the savings account.
Make 05/11/12 a night to remember by using said mint 172 as fuel for the bonfire.
Go on holiday with/get laid with/snort the four figure balance remaining in savings.
Repeat.

Forum theatre aside, if you can't run a mint Clio 172 for 24 months and 10,000 miles for over £100 a month less than the £273.61 you've commited to, I'll cover the difference.
 
ORANGES ARE YELLOW

DEPRICIATION ASSET

fox is retarded

that's what I gleaned from this thread, but all in all I would read it again

5000 miles a year though.....ouch
 
Kingy said:
First off, congrats on the new car, it'll look good and be a good laugh to thrash around... :)

But on the money side of things, I just want to make sure I've got my numbers right, as the value of the deal is being lauded to the point of being of comparable value to a used example, and it looks expensive to me.

23 payments of £189.82 = £4,365.86 +
1 payment of £288.82 = £4,654.68 +
Deposit of £1676.95 = £6,331.63

So fixed cost over 2 years:-

Repairs = £0
MOT = £0
Servicing = £0
Insurance = £?
Fuel = £?
Road Fund License = £235.00
Depreciation/Finance/Interest = £6331.63

SubTotal = £6566.63

Divided by 24 months = £273.61 or
Divided by 10,000 miles = 65.67p

I'd agree with anyone that said it was a good value way to get into a brand new nicely specced Clio 200, but a viable, comparable alternative financially to a £3k Mk2 172? Not even close.

Get a loan for £6000.
Buy a mint Mk2 Clio 172 with the right options, 12 months T&T, FSH, cambelt done, new discs & pads, and new premium tyres.
Pay more than £3000 for this.
Put the balance into savings.
Drive it for 24 months/10,000 miles.
Pay for MOT/Servicing/warranty/repairs from the balance of the loan in the savings account.
Make 05/11/12 a night to remember by using said mint 172 as fuel for the bonfire.
Go on holiday with/get laid with/snort the four figure balance remaining in savings.
Repeat.

Forum theatre aside, if you can't run a mint Clio 172 for 24 months and 10,000 miles for over £100 a month less than the £273.61 you've commited to, I'll cover the difference.
Click to expand...

But that doesn't make sense as the 172 isn't comparable and is 8 years older than a Clio 200. The point is the 200 will be more expensive, that's a fact. However, you are paying such a small premium for a brand new car. That's got to be worth it, right?

You really need to compare apples with apples, I don't think that's a fair comparison. I did the maths with a 182 Trophy which kind of makes a bit more sense, but I concede the 200 will be more expensive but it's kind of cool having a brand new car :)
 
Kingy said:
First off, congrats on the new car, it'll look good and be a good laugh to thrash around... :)

But on the money side of things, I just want to make sure I've got my numbers right, as the value of the deal is being lauded to the point of being of comparable value to a used example, and it looks expensive to me.

23 payments of £189.82 = £4,365.86 +
1 payment of £288.82 = £4,654.68 +
Deposit of £1676.95 = £6,331.63

So fixed cost over 2 years:-

Repairs = £0
MOT = £0
Servicing = £0
Insurance = £?
Fuel = £?
Road Fund License = £235.00
Depreciation/Finance/Interest = £6331.63

SubTotal = £6566.63

Divided by 24 months = £273.61 or
Divided by 10,000 miles = 65.67p

I'd agree with anyone that said it was a good value way to get into a brand new nicely specced Clio 200, but a viable, comparable alternative financially to a £3k Mk2 172? Not even close.

Get a loan for £6000.
Buy a mint Mk2 Clio 172 with the right options, 12 months T&T, FSH, cambelt done, new discs & pads, and new premium tyres.
Pay more than £3000 for this.
Put the balance into savings.
Drive it for 24 months/10,000 miles.
Pay for MOT/Servicing/warranty/repairs from the balance of the loan in the savings account.
Make 05/11/12 a night to remember by using said mint 172 as fuel for the bonfire.
Go on holiday with/get laid with/snort the four figure balance remaining in savings.
Repeat.

Forum theatre aside, if you can't run a mint Clio 172 for 24 months and 10,000 miles for over £100 a month less than the £273.61 you've commited to, I'll cover the difference.
Click to expand...

Fair point but I've had a 172. I decided to get something a bit more special if you like. As you said this was a good value way to get into one so went for it.
 
Adam said:
But that doesn't make sense as the 172 isn't comparable and is 8 years older than a Clio 200. The point is the 200 will be more expensive, that's a fact. However, you are paying such a small premium for a brand new car. That's got to be worth it, right?

You really need to compare apples with apples, I don't think that's a fair comparison. I did the maths with a 182 Trophy which kind of makes a bit more sense, but I concede the 200 will be more expensive but it's kind of cool having a brand new car :)
Click to expand...

The fact that they're not apples and apples finance wise was precisely my point.

I wouldn't pay £100 a month for a brand new car. I completely fail to see the point in brand new cars unless you're chosen specification is unobtainable on the used but mint and subsequently cheaper market.

I'd pay £100 a month extra for a better car, and a Clio 200 is better than a Clio 172. But then so are a lot of cars that cost £100 a month extra to own/run. As to whether the Clio 200 is the best of those cars is open to debate.

Your OP was a while ago and I've forgotten the content, which is why my post was aimed at Tom, who said he had £3k saved, but was prepared to spend 'a bit' extra for something better/that he hadn't had before.

The theme of the thread seemed to be that this deal was a good value means of getting into a brand new excellent hot hatch, which I don't dispute. But that seems to have crept into being only 'a bit' extra than running a £3k 172, which I do dispute.

The Speedline alloys option at £180 is 'a bit', but TCO ownership of over £100 a month (or £2400 over the 24 month term) extra is not 'a bit' to someone who has £3k.

Intangible, unquantifiable statements like 'a bit' help creep into serious money without really realising it until you sudden figure out that you're paying over 65p a mile for a very nice, Clio. Plus insurance and fuel.

Fuel at £1.19 a litre / 35mpg combined (good luck with that) for 10k is £1,555

Guess Comprehensive insurance @ £500 a year?

£6566.63+£1555+£1000=£9121.63 or
£380.07 a month or
91.22p per mile all in.

I get that fixed cost of motoring / ownership is important, but it's just a manipulation of figures, and nothing that can't be achieved without a car salesman.

The Clio 200 is a nice car, and it might actually be *the* car for your personal circumstances/requirements, but at over £100 per month extra, it is not 'a bit' extra. It is enough extra to start putting you into the territory of other cool stuff. If you actually do the numbers rather than pass it off as 'a bit' you can work out if the likes of a TT/S2000/Z4/etc are also ~£100 extra to run than a 172 over 10k/24 months?

I'm not telling you that a soft top is 'cooler' than having the latest plate for 3 months, 'different strokes' & all that, simply that finance wise it doesn't look like the greaest deal if freed from the constrictive criteria of "brand new hot hatch".
 
Tom|Nbk said:
Fair point but I've had a 172. I decided to get something a bit more special if you like. As you said this was a good value way to get into one so went for it.
Click to expand...

Serves me right for taking so long to type, or for banging on for so long... :D

As said, if 'a bit' is actually over £100 a month, and you do have £100 a month extra to spend on something special, what else is there that you could have for that £100? If it turns out that having compared everything 'special' that's £100 a month extra, the Clio is your favourite, great...

5k a year mileage makes a lot a special stuff more affordable. :)

I just feel that despite the better than average value of brand new car deal, you've still been 'sold' something by a dealer, when you might have been able to do better.

If the deal runs until the end of the year, you've still got 4 weeks to do all the research, and decide if you're making the right decision...
 
^Agreed. By effectively upping your budget to £3k a year in losses, you have a hundred more options than before. You could spend that £3k on something more special but used that will depreciate at £3k per year, or on something that requires huge running costs but doesn't depreciate that much.
 
I'd argue the most I would loose is (£174 * 24) + £100 (first payment) + £1600'ish (deposit) = £5876 but there is also the possibility I can make a small amount of money between my selling price and the GFV but that's not guranteed.

So, in this example I put down around £1600. To get something half decent I'd need to take a loan (perhaps £7-8k?) and then have the extra funds to cover running costs (which will vary from month to month and if I am unlucky it could be astronomical).

For me, having just bought a house, this makes more sense to me. I know my fixed costs per month and have a warranty to back me up for any niggles. I also can drive a brand new car (a first for me) which has been spec'ed exactly how I want it (perhaps minus recaros for cost purposes). This is why it represents a good deal for me :)
 
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