Formentor PCP & PCH offers thread

[Lozzy15]

Think we all need to take a step back and calm down guys. Lets keep the chat friendly from here on.

 

[Cupradev]

The prices went up the day after I processed my order... probably the best decision I have made in a long time, my luck is normally awful haha. I dont think I have seen many VZ2 310's at £284 a month. It feels like a bargain now!

I think the point Agnes was making (and correct me if I’m wrong @Agnes.Surrey ) is that in the context of your initial post above, to just stick the monthly on here without mention of deposit or term or mileage or VAT, makes it difficult to fully evaluate your “deal” as a bargain or not. Regardless of who pays the upfront, it influences your monthly payments, so does have relevance.
I think you probably know all of this already though.

 

[Agnes.Surrey]

Yes, that was my intention, since it's a thread about finance deals. Some people prefer higher upfront and lower monthlies, others minimal upfront and higher payments. So to judge the deal, we need all numbers or total cost over lease/PCP period and miles per annum.

Sorry, I just like numbers and analysing costs.

 

[MrBiggles87]

I think the point Agnes was making (and correct me if I’m wrong @Agnes.Surrey ) is that in the context of your initial post above, to just stick the monthly on here without mention of deposit or term or mileage or VAT, makes it difficult to fully evaluate your “deal” as a bargain or not. Regardless of who pays the upfront, it influences your monthly payments, so does have relevance.
I think you probably know all of this already though.

Now if this was the original reply, I would have fully been on board! haha.

The deposit was £3000 which I still don't think is too bad!

I went with an initial 12 months (£3000) over 2 years with 10,000 miles and its £284 inc VAT (£9352 over 2 years for a £40k car, not too shabby!)

 

[MrBiggles87]

Yes, that was my intention, since it's a thread about finance deals. Some people prefer higher upfront and lower monthlies, others minimal upfront and higher payments. So to judge the deal, we need all numbers or total cost over lease/PCP period and miles per annum.

Sorry, I just like numbers and analysing costs.

I went with a higher deposit as 1) I had the bonus and 2) my partner is currently unemployed and I am covering all the bills and mortgage, plus childcare etc... so I need to keep the monthly payments as low as possible

 

[Agnes.Surrey]

And now we can say, it was pretty good deal

I ordered different car last week and also went with higher deposit, because I had separate saving account reserved for cash purchase, but part of money will go towards leasing now. £3000 is my limit for upfront, as it's max amount covered by GAP Insurance.

 

[Cupradev]

Now if this was the original reply, I would have fully been on board! haha.

The deposit was £3000 which I still don't think is too bad!

I went with an initial 12 months (£3000) over 2 years with 10,000 miles and its £284 inc VAT (£9352 over 2 years for a £40k car, not too shabby!)

Great deal and no way will anyone get close to that currently. Nice work.

 

[NMNR]

Hi folks, anyone care to share any PCP offers?

 

[gregh]

Still waiting for mine to be delivered (should be next month), but leasing still works out to be cheaper, especially when you have to add on road tax and mot to the cost of a 4y PCP.

Signed my lease in April for a 310 VZ2 in Magnetic Grey from Gateway2Lease
- 6 + 35
- £3,170 deposit
- £350pm
- 10k miles
- 6.98p excess miles

 

[NMNR]

Still waiting for mine to be delivered (should be next month), but leasing still works out to be cheaper, especially when you have to add on road tax and mot to the cost of a 4y PCP.

Signed my lease in April for a 310 VZ2 in Magnetic Grey from Gateway2Lease
- 6 + 35
- £3,170 deposit
- £350pm
- 10k miles
- 6.98p excess miles

Wow that's pretty good. Anyone know if you're able to buy the car end of your lease? I know some do it...

 

[gregh]

Wow that's pretty good. Anyone know if you're able to buy the car end of your lease? I know some do it...

Think it depends on the broker and the dealer tbh. I've had the option to do it with a few of my cars in the past, but not all of them.
Never been interested in buying the car though as defeats the point of a lease. Might as well go for a PCP deal and then try and finance it on a HP if you want to buy it.

 

[Agnes.Surrey]

VWFS allows you to buy your leased car. Other companies not necessary. You would have to check it with them.

 

[formv2]

Got a V2 190ps in magnetic grey metallic, with spare wheel and safety and driving XL pack:

48 month PCP
30,000 per year
£5000 deposit
£447 per month

Im fairly happy with the deal we got considering the number of miles it has to do each year!

 

[CupraNewboy]

You must have intelligence issues pal

Got a V2 190ps in magnetic grey metallic, with spare wheel and safety and driving XL pack:

48 month PCP
30,000 per year
£5000 deposit
£447 per month

Im fairly happy with the deal we got considering the number of miles it has to do each year!

That's serious mileage.

 

[formv2]

That's serious mileage.

My partner uses it for work travel and they need 25,000 miles a year for that then 5,000 for personal travel. Safe to say we're excited its a bit of an upgrade from her driving a Ford Fiesta

 

[EuKiwi]

It seems to me that costs in the UK are higher than over here in Germany. Whilst I did get a very good deal, mine was:

Magnetic Grey VZ3 with all options (except towbar)
15k kilometres per year
No deposit
€377 per month - 3 years.

I figured the costs from this would be less than what the depreciation would be after 3 years, so that's what sold it for me.

 

[EuKiwi]

My partner uses it for work travel and they need 25,000 miles a year for that then 5,000 for personal travel. Safe to say we're excited its a bit of an upgrade from her driving a Ford Fiesta

Your partner deserves mucho respect for doing 30,000 miles a year in a Fiesta!

Here's hoping it shows up sooner rather than later.

 

[gregh]

It seems to me that costs in the UK are higher than over here in Germany. Whilst I did get a very good deal, mine was:

Magnetic Grey VZ3 with all options (except towbar)
15k kilometres per year
No deposit
€377 per month - 3 years.

I figured the costs from this would be less than what the depreciation would be after 3 years, so that's what sold it for me.

Now that's a deal

 

[Nickfurnell]

Germany sounds very cheap compared to the UK
My deal on the table is a fully loaded VZ3 Petrol Blue & all the extras except a Tow bar (no need for that).

PCP over 4 years
8000 miles. 8.4p per mile overage
£5000 deposit (cash + trade-in)
48 months @ £487
£18.5k final payment

I started looking at leasing when the Formentor was in the mid £300s, but then they have crept up through £400 and the best match for my deal above is over £520. So 99% sure I'm going for this deal.
Suggested delivery in November..

 

[EuKiwi]

Germany sounds very cheap compared to the UK
My deal on the table is a fully loaded VZ3 Petrol Blue & all the extras except a Tow bar (no need for that).

PCP over 4 years
8000 miles. 8.4p per mile overage
£5000 deposit (cash + trade-in)
48 months @ £487
£18.5k final payment

I started looking at leasing when the Formentor was in the mid £300s, but then they have crept up through £400 and the best match for my deal above is over £520. So 99% sure I'm going for this deal.
Suggested delivery in November..

Ah sorry, to clarify, mine is a leasing deal - so perhaps that's what makes the difference. Having said that, I just specced up an identical car on the leasing comparison site we have here and the same spec is now well over 500 also - so sounds like your experience is mirrored here also.

I suspect early on they were wanting to shift them to get them on the roads and 'seen' hence the good deals on them. I arranged mine in November last year for a March delivery.

I know someone who ordered one to buy outright in March, and he's picking it up next week, so I don't think the lead times are too bad.