Would a PCP on a used GR86 be a bad choice?

[kinger8938]

I'm currently having silly thoughts about what to do regarding my next car.

I'm either going to pick up something older (made another thread regarding those options).

Orrr considering a Used GR86 via some sort of PCP arrangement.

I don't think this would be a mad idea, I see them at least holding value due to them not being produced for the UK Any more. But this also means they are probably more expensive than they otherwise would have been.

Last PCP I had was via my bank at a decent rate, but now the best they can do is 6.9% which is less appealing. Toyota main dealers is a whopping 8.9% so wouldn't bother there.

I think the car would be worth it, what do you guys think will happen with regards to the GR86 over the next few years?

Realistically PCP would be the only way to get me in one.

Had similar with my RS300 Mégane, had it on pcp for 2-3 years, got bored of it and sold it/paid off the PCP for just shy of what I paid 3 years prior. I imagine this car would be the same

 

[Removed User 345456]

So if I've got this right, you lost no money 3 years later with the RS300 despite paying more for it due to PCP?
If so then you've nothing to loose? Free car for 3 years and then a refund effectively, bar maintaining it/fixing any wear and tear parts?

 

[kinger8938]

I can't quite remember the specifics, but it was bought in May 2021 for £28,000 with like £3000 deposit.

Motorway then bought it off me July 2023 for £27,500 with my PCP settlement being £19,000 at that time. So more like 2 years, my bad.

Leaving me with £8500 back which I used for my current car. Obviously I paid 3000 deposit to begin with

(I think my old Mégane is for sale again now for £29k, dealer sold it, and pretty sure they ended up having it back)

Obviously ^man maths makes this SOUND better than it really was but In my head, it went well.

 

[Kenai]

You probably ought to bear in mind you offloaded your last car at peak 'bonkers used prices' sort of time and so I wouldn't necessarily expect similar repeat performance, even with a limited sales car like the GR86.

 

[kinger8938]

You probably ought to bear in mind you offloaded your last car at peak 'bonkers used prices' sort of time and so I wouldn't necessarily expect similar repeat performance, even with a limited sales car like the GR86.

Valid point, I do wonder where these will sit in 2-3 years time.

 

[Kenai]

You should budget on the basis it'll actually only be worth around whatever the GFV is, or a little more. If you're happy with that, go for it and consider any retained value above that as a bonus in 2-3 years time.

 

[Manbatius]

They do seem to hold their value well, I would say a slightly different class of car compared to your other thread though.
I have looked at a GT 86 before, really liked the idea of the GR until someone said the back looks like an Insignia, was not that keen on the rear of it to start and now I cannot unsee it !

But advice as above budget and plan to GFV if you go PCP.

 

[sovietspybob]

I imagine this car would be the same

That's an awfully big assumption?

You bought your in normal times then you sold your old Megane during historic shortages or vehicles and an incredibly inflated market, i really wouldn't count on lighting striking twice here.

Look at what the GFV is as that'll probably be far FAR more on the money now compared to the lottery you won with your Megane

 

[kinger8938]

That's an awfully big assumption?

You bought your in normal times then you sold your old Megane during historic shortages or vehicles and an incredibly inflated market, i really wouldn't count on lighting striking twice here.

Look at what the GFV is as that'll probably be far FAR more on the money now compared to the lottery you won with your Megane

To be honest the market situation then Vs now, I was being ignorant of. You raise a good point and it's not something I would assume would strike twice etc.

I was more going on that the Mégane holding value due to them no longer being produced / end of the RS brand in general, and similar with the GR86 in that they sold for only 2 years then discontinued here in the UK due to a change in our safety regulations regarding the roof design or something like that.

The GFV is coming in at £13k based on the figures I was going on. I can seen it definitely holding that then some in 3-4 years.

I rarely see a PCP through mind. Every one I've done (only 2, tbf) for say a 4 year period, i have sold up/settled after approx 2 years and moved on

 

[adam cool dude]

3-4 year old GT86's are retailing anywhere between 20-25k but as you said the GR86 is a lot rarer and is also the "new" model so should hold its value better.

No one has a crystal ball so god knows what will happen 3-4 years from now. EV's could end up doing a Beta max then "nice" ICE cars will command a premium or EV's will have a technological breakthrough and ICE prices will go through the floor.

Can't you just put a cash lump sum and get the rest on loan? I put around 60% down for my GR86 and got an unsecured loan for the rest? If I were to get bored and sold 3 years on I would still have 25k to put into something else.