No/Low deposit PCP deals?

Draeger

Draeger

Draeger

Soldato
Joined
4 Feb 2004
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Location
Écosse
Looking for a new car for the wife - this is a bit of a rushed purchase as her old Peugeot 207 is going to cost more than its worth to get through its next MoT. It's only used for commuting back and forth to her work so something small/supermini sized is what I'm thinking about to replace it.

Haven't budgeted for this so looking for links to low or no deposit PCP deals.

Ta.
 
Know nothing about them in terms of the exact car or detail of the financial side but I often see "Only £79 deposit, £149/m, drive away today!" deals slapped on new small cars outside the Peugeot, Renault and Nissan dealers I pass.
 
Thinking about it, the Ford dealer I pass daily (well, weekdays) seems to be offering 0% APR at the moment. Perhaps a KA or Fiesta might be worth a look.
 
Devil's advocate, how broken is the 207? Are you sure that spending £5k+ on a low-spec super-mini PCP/lease deal is the best fix long term? Especially for something that's only used for commuting.
 
Spunkey said:
Devil's advocate, how broken is the 207? Are you sure that spending £5k+ on a low-spec super-mini PCP/lease deal is the best fix long term? Especially for something that's only used for commuting.
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Head gasket gone. It's a 2008 in good condition but not worth repairing, cost wise. Time to move on and grab something newer and more reliable. We fitted new brake discs pads and wheel bearings a few months ago plus a new exhaust front to back as well as an alternator and drive belt. Getting to the stage that the money thrown at it isn't worthwhile anymore.
 
Draeger said:
Head gasket gone. It's a 2008 in good condition but not worth repairing, cost wise. Time to move on and grab something newer and more reliable. We fitted new brake discs pads and wheel bearings a few months ago plus a new exhaust front to back as well as an alternator and drive belt. Getting to the stage that the money thrown at it isn't worthwhile anymore.
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On the flip side, a head skim and fix the car, what’s left to tend to that you've not already tended to? It “might” now see you good for a few years with minimal outlay.
 
paradigm said:
On the flip side, a head skim and fix the car, what’s left to tend to that you've not already tended to? It “might” now see you good for a few years with minimal outlay.
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Exactly my thoughts, seems a better option, especially when the alternative is new car with no deposit.
 
Draeger said:
Can someone explain concisely why a new car with no deposit is a bad idea?
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In general (but not always) a lower initial deposit means a higher overall PCP cost for a fixed period.

I guess the second point is that, taking on a long term financial commitment when you can't quite get a deposit together does indicate that taking on additional debt might not be too wise. (This is subjective though)
 
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