any special offers??

[Redcupra20vt]

Does anyone "in the know" know if there will be any special offers to be had on the new face lifted ibiza fr due out shortly?

I know there is a deal on the Ibiza FR at the moment but that is only til the end of this month

Any help much appreiated

Paul

 

[m0rk]

they'll not do deals on a new model, not when they can shift old stock out.

roll out models 'do' 0% etc - new models rarely get that

 

[Redcupra20vt]

i didnt nesseccrily mean deals as good as 0%.

i am thinking about a personal contract plan as the amount of miles that i do now is pretty small.

But having never taken out "dealer" finance i have no idea what to expect.

I would like a 2006 face lifted ibiza fr and to put down a 4k deposit, but would be interested to know what the monthly repayments would be over 3 years for 30k miles.

Also, at the end of the 3 years, if i give the car back, i then have no deposit or part x on a new car right??

Paul

 

[Ant FR]

Trust me just get a bank loan, you will own the car then,

plus cheaper interest if you shop around

 

[Redcupra20vt]

but the repayments are less on a pcp right?

i am just confused about what happens if i choose to give the car back in 3 yrs time and then get another one.

Paul

 

[Ant FR]

All depends on what agreed value they have set and what is owing on the car at the time. So if you get to the end of 3 years and the car is agread value of say £4k and you still owe £4k you get nothing, if you owe less you get the difference.

Trouble is with PCP deals it is a pain if you want to sell the car early privately to get better money for it as you have to pay the finance off before you sell it etc.

Stick to sperate finance.

 

[Redcupra20vt]

thanks ant, i have just done some reading around and the times motroing section explains it really well. now i know all the facts i cant see the point of a PCP as the equity you have at the end is peanuts and your monthly repayments would rocket if you wanted to take on a new car.

Think i will stick to a cahoot loan at 5.7% and own the car at the end of the day. which would give me more money than a PCP

Paul

Paul

 

[Ant FR]

Cahoot should be 5.6% on todays rates. However bare in mind 5.6% is the headline rate and Cahoot have a lovely policy of assesing your credit rating then applying a certain rate to what your credit rating is. Not many people therefore get the headline rate but do fail to pick up on this till later on in the deal.

Personally you can't go wrong with the Nationwide deal of 6.4% which is the same every borrower and has no set up or closure fees, has no lock in periods, ahs no penalties for repaying early and will even allow you to do partial over repayments to bring the balance down quicker.

I would stick with them,

 

[Ric 2001]

Best advice I got was from a dealer:

"we sell cars not cash" meaning, get a bank loan much cheaper than the apr.