End of 0% PCP on Leons
- Thread starter Jonno02
- Start date
No i spent what i thought was enough money on buying outright my Car of choice, which to add was sourced via an Independent SEAT Approved Used Car Dealer & came direct
from SEAT UK @ Milton Keynes.
Same Dealer won USED Car Dealership of the year
Ive plenty more in the bank to buy another & some but i have other uses for that in the meantime.
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Dont forget HMRC weither you like it or not gets 20% of your snazzy new cars value as VAT
which vanished the very second you drive it away from the Garage.
This isnt the same on a USED car as the VAT isnt carried forwards unlike other things.
So technically you just paid 20% more for nowt just coz its NEW.
which vanished the very second you drive it away from the Garage.
This isnt the same on a USED car as the VAT isnt carried forwards unlike other things.
So technically you just paid 20% more for nowt just coz its NEW.
Do you buy soap second hand? Do you buy toilet paper second hand?
VAT is a fact of life. Stop being so petty.
35+ years experience in the motor trade in my family but I can't actually be bothered trying to clarify all the things you have wrong. There's just too many points to cover.
Just try to wrap your brain around this, if a dealer will sell a new fr for 20% under rrp then sell it again from their used forecourt for 20% under original rrp. Who is the winner?
Just try to wrap your brain around this, if a dealer will sell a new fr for 20% under rrp then sell it again from their used forecourt for 20% under original rrp. Who is the winner?
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What has SOAP or other relatively cheap everyday items have anything remotely
to do with the Price of a New Car ? & the VAT element. ?
Iam also VAT registered so know too well about the techs of Claiming VAT back
unfortunately cant claim it on a New Car neither & that's another Reason for not buying new ever again.
So your saying you can buy outright an all ready registered was NEW low mileage
Car for 40% savings ??? i doubt that very much.
You are lucky enough to be in a position to buy a car for cash. A not insignificant amount of cash at that. Many of us are not in the same position, hence finance. Our current Cupra is on a PCP, we have just ordered a new 290 on personal lease, as it works out a lot cheaper per month. Yes, we never 'own' the car, but as we change every 2 years we never did. I wont be concerned by depreciation, at the end of the 2 years I'll hand the keys back and walk away. How we fund its replacement again depends on the deals available at the time. If I had 30k (or even 20k) cash lying about I wouldn't spend it on a car, bricks and mortar would be better. As John Paul Getty said , 'if it appreciates, buy it, if it depreciates, lease it' . And he was hardly a pauper.
Anyhow, its all personal choice. Whatever suits the individual.
Not sure he's a troll, think he's a farmer - tractor reference -, although most strange as most farmer types normally plead absolute poverty, often from the front porch of their great big country pile with the obligatory fleet of new range rovers on the drive, whilst being interviewed for the local news about some gripe or another, normally how hard up they are
It's always good to hear others opinions, always good to have a debate,but sadly he lost any credibility when he desended his posts in to the Harry Enfield caracter " I'm considerably richer than thee all"
Just going to point out that you won't be concerned about the depreciation because you would have already paid for it in your monthly installments.
This whole "I'm not affected by depreciation because I lease" thing is just plain wrong, it really gets my goat as it's what the finance companies want you to believe and it's not true. You are paying the depreciation, just per month instead of a lump sum at the end. Don't be fooled.
The only benefit of leasing is if you haven't got the cash to stump up to begin with.
No. I'm saying you can buy a BRAND NEW* factory ordered car for 20% less than the rrp. I have no idea where you got 40% from.
20% under rrp is probably about the same as the price many people pay for a pre-registered or 6 month used car. You are viewing your used car as a bargain but you are basing that on your belief that ANYONE pays the full rrp (they don't).
*thought i'd try that CAPS thing out.... it's not as much fun as I thought.
Not being concerned about the depreciation and not being affected by it are totally different things. I'm sure what Kazand meant was that he/she won't be concerned over the depreciation pattern for that exact car as they already know exactly how much ownership will cost. By buying you are exposed to a number of factors outwit your control that could determine the value of your car.
For example, your particular model becomes known for unreliability, the price of the fuel your car runs on rockets, the government shift the goal posts on or introduce another tax or..... now this one is a bit far fetched...... the manufacturer lied about something with the car, maybe emissions or something?
Got it in one. I know there is a face lift coming, which will affect the value of pre f/l cars. The deal I got with Seat was 24 months with no upfront costs at all. It is cheaper than the current PCP by a large amount. So, in ( hopefully) 2 weeks time we'll be driving round in a brand new,slightly improved version of what we currently have. For a lot less money. And I know EXACTLY how much I've got to pay out over 24 months. And I'm not worried about future values , trade in figures whatever.
And regarding VAT, at 20% on a list price of £31k , by my maths works out at £6200. Over 24 months the lease totals not much more than that....
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There's some mean folks on here that just think they know it all.
I only stated my personal views on buying a car thats all its hardly rocket science.
Yes Iam a Farmer but not one of them that prances around the lands in a snazzy 4x4 neither
Far from it infact i RENT MY FARM... Big Big Difference.
Why else do you think iam careful with my money it doesnt grow on trees.
As for the EU if you really want my views on that then that might take a while.
But i VOTED to leave & yes i get EU subs but i didnt make up the rules i just follow them
You all better hope UK Gov Continues to support us otherwise kiss goodbye to cheap food
But seeing as some of you will know better good luck to you.
Oh & while iam on seeing as iam that rich work out how iam on Working Tax Credits then...
That will puzzle you even more..
2yr old Car & 12yr old Vitara is my humble farm 4x4. far far from anything from Slough...
I only stated my personal views on buying a car thats all its hardly rocket science.
Yes Iam a Farmer but not one of them that prances around the lands in a snazzy 4x4 neither
Far from it infact i RENT MY FARM... Big Big Difference.
Why else do you think iam careful with my money it doesnt grow on trees.
As for the EU if you really want my views on that then that might take a while.
But i VOTED to leave & yes i get EU subs but i didnt make up the rules i just follow them
You all better hope UK Gov Continues to support us otherwise kiss goodbye to cheap food
But seeing as some of you will know better good luck to you.
Oh & while iam on seeing as iam that rich work out how iam on Working Tax Credits then...
That will puzzle you even more..
2yr old Car & 12yr old Vitara is my humble farm 4x4. far far from anything from Slough...
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