This pcp deal any good?

Howard · 19 Jun 2015 at 13:22

ElliottJames said:
At the end of the day, don't buy something you can't afford. Financing a car means you're not only making profit for the manufacturer but the creditor also. That's why the rich stay rich and the poor stay poor.

That's great. Please tell us more about your independence and worldly wisdom.

#Chri5# · 19 Jun 2015 at 13:24

Howard said:
That's great. Please tell us more about your independence and worldly wisdom.

Next up : EJ offers the forum advice on mortgages...

Bensons · 19 Jun 2015 at 13:43

60 months of repayments? You will still be paying for the car after its 3 year warranty is up.

rodenal · 19 Jun 2015 at 14:01

chanjy · 19 Jun 2015 at 14:31

OP if you are looking for a car like this I'd take a look at the new Fabia instead of this Ibiza which is the generation introduced in 2008.

ElliottJames · 19 Jun 2015 at 14:51

chanjy said:
OP if you are looking for a car like this I'd take a look at the new Fabia instead of this Ibiza which is the generation introduced in 2008.

troll, who buy's a skoda fabia in 2k15

Howard · 19 Jun 2015 at 14:52

ElliottJames said:
troll, who buy's a skoda fabia in 2k15

I'm curious, what would you do in the OP's situation?

ElliottJames · 19 Jun 2015 at 14:58

Howard said:
I'm curious, what would you do in the OP's situation?

Purchase a cheap used car with CASH until I'm able to put down a serious deposit or pay of the majority of the cost of the car and then possible finance the remaining liability. My point is, no-one in life aspires to drive a Seat Ibiza FR on a 5 year finance contract, save until you're able to get something better and within means.

xs2man · 19 Jun 2015 at 14:59

And what is wrong with an Ibiza FR or Fabia? They are perfectly sensible cars in 2015.

ElliottJames · 19 Jun 2015 at 15:10

xs2man said:
And what is wrong with an Ibiza FR or Fabia? They are perfectly sensible cars in 2015.

If you lack ambition.

Jez · 19 Jun 2015 at 15:12

ElliottJames said:
Purchase a cheap used car with CASH until I'm able to put down a serious deposit or pay of the majority of the cost of the car and then possible finance the remaining liability. My point is, no-one in life aspires to drive a Seat Ibiza FR on a 5 year finance contract, save until you're able to get something better and within means.

I am actually agreeing with this guy to be honest. :cool:

rodenal · 19 Jun 2015 at 15:12

I can't quite believe I'm about to say this

But he has a point (one which I've already made, thankfully) - the term and ownership mechanism for the type of car is pretty depressing

Elliot does then go on to ruin his point competely by mistakenly equating car choice to ambition or success, so all is not lost

Howard · 19 Jun 2015 at 15:14

Whilst it's probably the least retarded thing he's ever posted, the Ibiza and Fabia are good little cars and there are far worse options if you want something new and hassle-free. I'll leave the picking-apart of the finance deals to someone else though.

DodgeeRascal · 19 Jun 2015 at 15:18

ElliottJames said:
If you lack ambition.

lol. what.

Relentless81 · 19 Jun 2015 at 15:26

Is a prestigious car the definition of ambition?

I must have missed that lesson.

ElliottJames · 19 Jun 2015 at 15:29

My post regarding ambition was uncalled for but my point remains, 5 year PCP on such a car isn't a sensible financial decision.

Howard · 19 Jun 2015 at 15:35

Seat themselves were offering some decent PCP offers last year - a friend of mine managed to get a 1.4 TSI FR Edition (better spec than the FR IIRC) on a 3-year PCP deal and I'm sure the deposit and amount of interest were lower than the one in the OP.

Joe T · 19 Jun 2015 at 16:04

[TW]Fox;28197408 said:
Yes because this has a fairly high cost of finance, so if you can obtain a similar discount elsewhere and obtain finance at half the rate, it would be cheaper.

It would, but it's also highly unlikely to be found £2k cheaper than Broadspeed....

If the OP goes into a dealer and says he s got a PCP offer and a broker quote, both with similar TCO, and then asks for a load more money I don't think he'd get all that much money off (they probably couldn't even match it).

The question at hand is of course, is a new car the right option for the OP?

Ryan-3 · 19 Jun 2015 at 16:11

Relentless81 said:
Is a prestigious car the definition of ambition?

I must have missed that lesson.

I'm sure I attended every lesson, but have also missed it.

Wouldn't it be better to get an almost new one (some may read: Second hand clapped out banger :rolleyes:

) and a personal loan? Haven't looked at the prices, but wouldn't an almost new one with - what I presume every decent spec car has - the kit you're after, paired with a decent loan be a better deal?

chanjy · 19 Jun 2015 at 17:46

ElliottJames said:
troll, who buy's a skoda fabia in 2k15

Did they tell you to put random apostrophes in your verbs in ambition class, Elliott?

Some people don't define themselves or judge their self worth by their car or possessions, you should try it sometime.