Car finance... what would you do?

MOOGLEYS said:
This seems better than the Focus one if you ask me. That is if you like the Octavia VRS. Your local dealer might match or better the deal ?

http://www.simpsonsskoda.co.uk/new-car-offers/octavia-vrs-pch/

Total cost is £6345 for 2 years which is about the same if not a bit less than the depriciation on the car. Im not very clued up on finance deals but it seems a reasnable deal to me.
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Thats on 8k miles per year though, he is requesting quotes on 15k miles - 8k deals will be cheaper (£1k in your example or £42 per month)
 
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IvanDobskey said:
Those monthly payments are as much as my mortgage, on a ford focus! Not what I would be doing.
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You are very lucky your mortgage is that low. I currently pay £1001 per month for mine.

Ace Modder said:
Surely your Vauxhall that you say is worth £7k-£9k must be almost new because Vauxhall cars are not usually expensive, I would expect any Vauxhall worth £9k is under 3 years old, and I'm sure Vauxhall have to cover most major issues under warranty on a 3 year old car?
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Car is 3 years 6 months old now. The last 2 electrical issues have not been covered on the standard warranty though would have been on the lifetime warranty.
 
SDK^ said:
Your mortgage is over how many years though - probably 20+, That is over two years :)


That looks slightly expensive, both the monthly payment and deposit. You will find that you do not need maintenance on a new car. Your only cost is tyres and servicing which will be around £175 per year for that mileage.

A quick Google and I found it £500 cheaper (overall) with no maintenance. Tax is always included anyway.

£240 per month x 23
£742 initial payment
15k miles pa


https://www.nationwidevehiclecontracts.co.uk/Ford_new-focus-5-door-1-5-tdci-120-zetec-59778.htm
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One note I forgot is that tyres are included in the maintenance. I have not shopped around yet.
 
darknite said:
You are very lucky your mortgage is that low. I currently pay £1001 per month for mine.



Car is 3 years 6 months old now. The last 2 electrical issues have not been covered on the standard warranty though would have been on the lifetime warranty.
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What car is it and what were the electrical issues ?

At that age I would have contacted trading standards if Vauxhall were unwilling to help.
 
darknite said:
One note I forgot is that tyres are included in the maintenance. I have not shopped around yet.
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I know tyres are included in full maintenance - hence my post saying that without maintenance your only cost is tyres and servicing which will be around £175 per year for that mileage. Why pay for a maintenance contract when you just need tyres (which you can source yourself cheaper) and one service.
 
MOOGLEYS said:
What car is it and what were the electrical issues ?

At that age I would have contacted trading standards if Vauxhall were unwilling to help.
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+1.

Once I have that info I can ask my dad, he works for a large Vauxhall dealership and they do warranty work for Vauxhall, so getting a new viewpoint from another Vauxhall dealership could give different results.
 
Ace Modder said:
+1.

Once I have that info I can ask my dad, he works for a large Vauxhall dealership and they do warranty work for Vauxhall, so getting a new viewpoint from another Vauxhall dealership could give different results.
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Vauxhall Insignia SRi NAV BiTurbo CDTi

The last issue was the sensors on the camshaft failed or something. The garage said they had never seen them fail before.... fills me with confidence. Cost of £213 and the part had to be ordered in.

I am currently in debate with Vauxhall over the warranty. The garage say the warranty is up to Vauxhall not them.

Full story. I bought the car with lifetime warranty. However the warranty has to be renewed every year by me taking the car to a registered dealer and having it serviced which I did. However apparently the warranty was never reactivated after my first service and now it is apparently up to Vauxhall if they will reactivate it after all this time. It is an on going arguement. But basically I wont buy from a Vauxhall dealer again. Got burned on my last Insignia too! Bought a 160 cdti however it turned out to be a 130 cdti garage offered to find me the correct car, 2 months later none came up so they bought the car back from me however I took out a service plan which they did not refund and charged me in full. I went to trading standards blah blah blah about it. But yeah, 2 vauxhall dealers 2 dodgy doing's. Tied are car hassle and stress.

Rant over, time for a cuppa :-)
 
If you have the service records by Vauxhall and the book has been stamped then the warranty should have been re-activated as its part of the service checks.

Sounds like you have had a bad experience tbh which is getting fairly common with Vauxhall lately. I trained as a Vauxhall mechanic years ago and have been driving fixing them for years but even I have decided that Im done with them and have just purchased a Skoda.

Hope it gets sorted and keep trading standards and the C&B involved.
 
I believe you don't even need to go to a dealership direct for servicing. As long as it's somewhere that uses genuine parts, it's covered by EU law.
 
Kuros said:
I believe you don't even need to go to a dealership direct for servicing. As long as it's somewhere that uses genuine parts, it's covered by EU law.
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Only for the initial factory backed warranty - not for the later stages which are insurance backed.
 
You have to take it to a vauxhall dealer to keep the lifetime warranty going. They are meant to reactivate it each year but for some reason this never happened. So if Vauxhall choose not to reactive after all this time I will be going down the route of miss sold. But if that fails I am looking at other car options too. Just being prepared.
 
Hi there, new to all this. Signed up yesterday!

I my self have been wondering if it's worth leasing a car/getting one on finance. The thought of having a new car every 24 months is something that appeals to me, but obviously making the payments every month is something that puts me off ha ha.

Currently own a 2012 2.0 TDI Audi A3 s-line (remapped from 140 to 192bhp) and love it, but looking to get something a little faster in the future. Maybe an S3.
 
I don't know why nobody gets this but 'having a new car every 24 months' isn't a 'finance' thing its a 'buying a new car and then changing it 2 years later' thing, which you facilitate in various ways, from a cash purchase and subsequent trade-in through to PCP finance and finally leasing.

PCP and leasing isn't some sort of magic bullet, despite how many salesmen would like to portray it that way.

Look at every option of using a car for the period of time you wish to use it for, work out the complete cost, pick the cheapest. Sometimes that'll be cash. Sometimes that'll be a bank loan. Sometimes it'll be a lease and rarely, but sometimes, it'll be a PCP.

And it'll almost always be the most expensive way possible of running a car. It's very hard to get around the fact that new cars:

a) Cost money
b) Lose money

And that no matter what deal or method you pick, somebody is paying for that and it's almost always you.

For a current model S3 I'd be surprised if any method works out cheaper than buying a 1ish year old one and then getting rid at 3 years old if you 'want a new car every 2 years'. You might be better off with a Golf R, a car that for some reason regularly pops up on lease deals so cheap it's amazing anyone makes money out of them.
 
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