So, who has a car on finance/PCP/PHP/PHC/whatever!

joemc

joemc

joemc

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Well, I've recently been looking in to this as I'm wanting to get a DS3.

The best quote I've had so far is from a Citroen garage: DS3 DStyle Plus Airdream 1.6, with 6000 miles per year at a price of £240 per month.

Just wondered if anyone knows of any good websites, or what deals you have on your car? I'm looking to purchase within a couple of weeks!
 
The last car I had was a lease, which I used a car allowance to cover. I had an Alfa 159 LE @ 25,000 miles per year for £330 a month, this was 4 years ago. About a year after picking this up, lease rates absolutely sky-rocketed from what I saw. How long is that term for?

Tbh, unless I had company/work paying me a car allowance I would never get a lease car. I can envisage it being too much of a ball-and-chain if you want to swap or move onto something else whilst still in the lease period.

A DS3 from a Citroen dealer is about £10k, if you can stump up about £4k deposit, you'll be able to get 2yr repayment of around £200 if you wanted to go for such a car.
 
Sounds like you can do better than that if that's a figure for a traditional lease -we had agreed a lease on a 1.6hdi Dsport for iirc £220 per month, 3 +23 12k pa iirc with a low excess pence per mile.

Contracthireandleasing usually have the cheapest deals but look around.

The advice above is sound r.e the pitfalls of a lease- if you take it you're seeing it, out bear that in mind otherwise you'll cause yourself unnecesary expense
 
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rodenal said:
Sounds like you can do better than that if that's a figure for a traditional lease -we had agreed a lease on a 1.6hdi Dsport for iirc £220 per month, 3 +23 12k pa iirc with a low excess pence per mile.

Contracthireandleasing usually have the cheapest deals but look around.

The advice above is sound r.e the pitfalls of a lease- if you take it you're seeing it, out bear that in mind otherwise you'll cause yourself unnecesary expense
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Yeah I know it's £230 every month for a car, but working out how much I will save on petrol/servicing/mot/tyres (had 1 puncture already this year and 2 last year), it's coming out pretty much as the same. I'm looking for a 2 year contract really, just so I can have a nice new car.

This is exactly why I made this post, to see what people thought about the different kinds of 'leasing' and what else is available really, that's what I thought a forum was for :)

Thanks for all the help so far, and hopefully some more people can add and contribute!
 
joemc said:
Yeah I know it's £230 every month for a car, but working out how much I will save on petrol/servicing/mot/tyres (had 1 puncture already this year and 2 last year), it's coming out pretty much as the same. I'm looking for a 2 year contract really, just so I can have a nice new car.
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Does that figure really include full maintenance? How does Petrol come into the equation?
 
FirebarUK said:
Does that figure really include full maintenance? How does Petrol come into the equation?
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I often find the added cost of maintenance adds more than the equivalent cost of the likely required tyres and servicing (over a short lease anyway). Realistically that's all it will be covering on a new car with warranty.
 
rodenal said:
I often find the added cost of maintenance adds more than the equivalent cost of the likely required tyres and servicing (over a short lease anyway). Realistically that's all it will be covering on a new car with warranty.
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Yes but I just don't understand how you will be saving Petrol. I'll also be surprised if that figure Citroen quoted you also includes full maintenance.

rodenal said:
I will save on petrol
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I recently applied for a credit card. It came with a 10,000 limit and a 20 mt 0% interest deal on bank transfers.

A bit scary, but I could have transferred £10,000 into my bank account and not paid any interest for over 1 1/2 years.

After that you can transfer the balance to another card etc etc.

Struck me as a good way to get part way towards buying a car. (-Edit, as long as you appreciate you're not really "buying" anything, and you understand the financial implications and don't contribute to a new global economic meltdown etc etc)
 
garnett said:
A bit scary, but I could have transferred £10,000 into my bank account and not paid any interest for over 1 1/2 years.
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Pretty sure you can't do this, or at least not without paying the same amount in fee's (a lot) that you would pay as if you were withdrawing 10k cash from a CC
 
garnett said:
I recently applied for a credit card. It came with a 10,000 limit and a 20 mt 0% interest deal on bank transfers.

A bit scary, but I could have transferred £10,000 into my bank account and not paid any interest for over 1 1/2 years.
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I doubt it - cash advances are usual NOT included in any 0% deals - it's only purchases or balance transfers with a fee.
 
rodenal said:
I'm not the op :p - not guilty on the petrol quote

Was just a comment r.e maintenance
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Lol whoops, sorry :)

With 12000 miles over a 2 year period I wouldn't even bother with maintenance, the service intervals are probably about 16,000 miles or so. Good tyres will probably last twice that, unless its hooned around.
 
garnett said:
I recently applied for a credit card. It came with a 10,000 limit and a 20 mt 0% interest deal on bank transfers.

A bit scary, but I could have transferred £10,000 into my bank account and not paid any interest for over 1 1/2 years.

After that you can transfer the balance to another card etc etc.

Struck me as a good way to get part way towards buying a car. (-Edit, as long as you appreciate you're not really "buying" anything, and you understand the financial implications and don't contribute to a new global economic meltdown etc etc)
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Thats incoming transfers from other debts. Not outward transfers.
 
lol balance transfers are when you move the balance of one credit card to another, doesn't mean you can dump the whole lot in a bank account.
 
garnett said:
I recently applied for a credit card. It came with a 10,000 limit and a 20 mt 0% interest deal on bank transfers.

A bit scary, but I could have transferred £10,000 into my bank account and not paid any interest for over 1 1/2 years.

After that you can transfer the balance to another card etc etc.

Struck me as a good way to get part way towards buying a car. (-Edit, as long as you appreciate you're not really "buying" anything, and you understand the financial implications and don't contribute to a new global economic meltdown etc etc)
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You do realise you have to pay a percentage back each month to qualify for the 0%? They won't give you £10k and you can repay when you want. IIRC it's usually around 5% of the balance needs to be paid...
 
ashrobbo said:
Thats incoming transfers from other debts. Not outward transfers.
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Janesy B said:
lol balance transfers are when you move the balance of one credit card to another, doesn't mean you can dump the whole lot in a bank account.
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Some cards do allow you to do this - MBNA run cards usually will for example. They call it a money transfer.

rossk26 said:
You do realise you have to pay a percentage back each month to qualify for the 0%? They won't give you £10k and you can repay when you want. IIRC it's usually around 5% of the balance needs to be paid...
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You'd have to make monthly payments on a loan too? The minimum payment on an MBNA run card is usually 1% of the balance + fees and interest (which would come to zero on a 0% deal) so the minimum payment would be £100.
 
Surely not a £10000 money transfer for 20 months though. I think he meant BALANCE transfer not BANK transfer.
 
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