PCP..... Focus or Mondeo?

the_worrier

the_worrier

the_worrier

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I am seriously looking at getting a newish Focus or Mondy on a PCP. Thoughts (the cars and PCP idea)?

Looked at a 62 plate Focus Zetec 1.0 Ecoboost with 18K miles for £10K. Thoughts?

I would be changing from a 58 plate Toyota Verso (7 seat) 1.8 vvti. I am worried the Focus won't have much poke.

We want a car a bit less like a bus and a fair bit more spritely. What engine would you recommend? (No V6 suggestions, please!). I like the drive of modern diesels but not sure the odd long distance journey justifies a diesel or the repair costs from mostly short journeys (egr/dpf).
 
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is a terrible idea as they depreciate incredibly quickly.
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Completely agree.

Given you clearly aren't sure what car or engine size you want don't walk in and commit yourself to years of inflated payments on a car you might hate. Step back and give yourself time to do your homework and work out exactly what you want. It takes me about 3-6 months to work out what car I get and the cheapest deal.

Also a PCP is almost always not the cheapest way to own a car, particularly when you are talking sub £15k meaning you can get very low interest rate loans.

How do you use your car ie number of passengers, amount of luggage?
What is important to you in terms of features, gadgets etc?
How much do you want to budget in running costs over and above the cost of buying the car
What is your budget per month for buying the car itself?
How much is the Toyota worth?
What is your average mileage per year?
 
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Skeeter said:
PCPing a Ford is a terrible idea as they depreciate incredibly quickly.
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He's only looking at £10k cars so the depreciation loss is limited by the virtue of the price anyway. Besides, whether or not a PCP on a Ford is a particularly terrible idea is immediately obvious by the cost of the agreement - if the cost is acceptable then any further depreciation issues are the lenders problem.
 
As Skeeter said, it is generally a terrible idea to PCP a Ford. I PCP's my new BMW 530d with a reasonable spec list for less than it would have cost me (per month at least) for a 2.0d Mondeo (admittedly, very well specced).

Bank loans are cheap just now, and used PCP rates aren't, so the best way to do it would be to take out a bank loan and just buy the car. Or if you can get a credit card with enough headroom on it, and 0% purchases, buy it on that, and pay it off as if it were a loan, changing to a 0% balance transfer card when the current 0% runs out.

You're looking at around £10k budget here I guess? Based on a quick look on AT at 1.0 Focus. Slap that on a 0% card. Santander are doing a 23 month card. So based on £200 per month onto the card, by the end of the term, you will have paid off £4600. Transfer over to 0% balance transfer card, usually 3% charge for this, giving a new balance of £5552. Currently the best one on the market is 36 months, meaning £155 per month from there on in and the car is paid, having only paid the equivalent of £162 interest over 5 years. Easily the cheapest way of doing it.

And no, the Focus wont have much poke. I would just go for the diesel, but then that is contrary to everyone else on here's opinion.
 
The 125 1.0t is fine actually, drives much the same as the 1.6 diseasel

Pcp'ing a ford(vs pcp'ing something else) is only a terrible idea if you pay list price for the car in the first place, otherwise it's much of a muchness. A 1.0t facelift can be had for abkut £14k for example, allowing £1.5k trade to retail difference on the 62 plate that's about a £5.5k loss over 2.5-3 years, which feels about right to me. However on used cars it tends to be a rubbish way of doing things and I'd agree a loan of some description would be a better idea.

At 4% even if you stretch it over 5 years or so to keep the monthly payments down, providing you put at least a few hundred quid cash into it you shouldn't be stuck with it for too long should things change (obviously it won't be tied to the car anyway, but its not the best idea owing more than whatever you have is worth)
 
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