End of 0% PCP on Leons

[Jonno02]

Everyone is brainwashed into not buying anything outright anymore.

plus the fact that 290 cupra is daft money compared to the equ 184TDI FR

you cant go any faster on the roads

Had a chuckle when i see the Diesel still actually has more Torque than all of ya 290hp Petrol.

Had a Blast in the mk1 Cupra R around a Circuit & yes it was faster but honestly id prefer the 150hp PD TDI all day long...

You see all these great Car videos on Youtube etc etc of folks flying in there cars but in the real world
there of no use.

Brainwashed? I own my 2012 leon fr + outright and will never own an outright car again. The depreciation is just stupid.

So I'm in a 184 2.0 diesel right now, and after test driving a 290, it's heaps more fun. I could argue what's the point of the 150ps, my other half owns a 80hp fiesta. Same argument different power bands.

But you know, you have your odd opinion, so more power to you, if you want to spend thousands on a depreciating asset.

 

[seatgraham]

There is no such thing as 0% either thats a myth.
Its builtin to its price somewhere.

Try haggling 15/18% off a new one from a dealer which some might give & then ask for the makers
0% finance promotion... you will be sadly shown the door.
Oh thats on Full RRP sir.

That's the thing. Have a look at other forum posts. People have negotiated discounts of 15% and still used the manufacturer 0% HP. So, if you really want a brand new car, and have the cash to pay in full, it makes sense to use interest free credit and gain interest on the money!

 

[LeonFRTDi]

You can preach all you like about buying outright, but on the £209 lease deal with no deposit I'm on with a brand new cupra 290 black edition, you would probably get a 1.4 leon for that price buying outright.

For £209 a month, I'm driving a top of the range, brand new cupra. Car, tax and depreciation all wrapped up in one nice, extremely low payment.

In my opinion, it's so very silly to but a heavily depreciating asset when you can lease for a fraction of the cost. But, if you want to save up for years and buy outright to lose probably the value of a 2 year lease on the same car, as soon as you drive off the dealership, then that's your choice. As for me, I prefer a low payment and have money to spend on other things in life.

i havnt got a heavily depreciating asset tho.
It was considerably cheaper than its new Equ.
yet was just like new...
Plus its mine & all paid for
i do plenty other things with my money in the meantime i can tell you that
The Interest i had on some of the savings in them 10years paid for 1/3 of the car.

Not fussed about changing Cars every 3 years as i do low mileage anyways

probs keep it five years & sell it privately

Buy another at 6 months old dunno what it might be tho.

 

[Jonno02]

That's the thing. Have a look at other forum posts. People have negotiated discounts of 15% and still used the manufacturer 0% HP. So, if you really want a brand new car, and have the cash to pay in full, it makes sense to use interest free credit and gain interest on the money!

It's total bull anyway. List price of a cupra 290 is 28k. Was quoted £21k from a broker still on seats 0% finance.

 

[LeonFRTDi]

on the subject of Road tax just doing the sums there
April onwards 2017 a 290hp Cupra will sting you £500 1st year to tax then £140 yearly afterwards
FR TDi 184 is only £160 first year then £140 yearly

If your really FLUSH heres a stonker

Audi RS3 New April 2017 Roadtax = £1200
year 2 = £450
year 3 = £450
year 4 = £450
year 5 = £450
year 6 = £140 finally cheaper.

I'll just keep my £20 roadtax'd 50+ mpg Car thanks

 

[LeonFRTDi]

why is a Cupra £5335 more exp than the FR Diesel anyways?
Brembo brakes, Bucket Seats & 19" wheels & poss active dampers..
trim changes but thats nowt.
Not fussed about any of that.

Theres nowt wrong with the brakes on mine & its got the same multilink rear suspension.

 

[seatgraham]

why is a Cupra £5335 more exp than the FR Diesel anyways?
Brembo brakes, Bucket Seats & 19" wheels & poss active dampers..
trim changes but thats nowt.
Not fussed about any of that.

Theres nowt wrong with the brakes on mine & its got the same multilink rear suspension.

Err, cos the Cupra's faster so it needs the better brakes!

 

[RadCordy]

I had 11k cash to spend on a deposit for a car. I was looking at Fr, Golf gtd about 2 years old etc, usual stuff. In a couple of years I'd be lucky to get 8k trade in.

So I leased a cupra black 290 ST for 1500 down, 233 a month. No brainer! Going to keep 6k of my 11k to pay for it. Payed my other 5k cash off my mortgage, which took 18 months off that. I'm winning!


Another couple of years and leasing will be normal. The American car market has been like that for 20 years. Lease depreciating assets, buy appreciating ones. Common sense and a bit of maths is all it takes.


Key thing here is if you want a new car all the time, which I do because I love winding up my neighbours and showing off with new shiny things!

 

[LeonFRTDi]

You can preach all you like about buying outright, but on the £209 lease deal with no deposit I'm on with a brand new cupra 290 black edition, you would probably get a 1.4 leon for that price buying outright.

For £209 a month, I'm driving a top of the range, brand new cupra. Car, tax and depreciation all wrapped up in one nice, extremely low payment.

In my opinion, it's so very silly to but a heavily depreciating asset when you can lease for a fraction of the cost. But, if you want to save up for years and buy outright to lose probably the value of a 2 year lease on the same car, as soon as you drive off the dealership, then that's your choice. As for me, I prefer a low payment and have money to spend on other things in life.

Bearing in mind i didnt buy a Brand new looses the vat element the min you drive it away car.
mine was 9months old with 4500miles on & some £6k less than RRP on New one.
i could have had a new one for £2,500 more but whats the point it would have lost £2900 anyways just the same.

You cant get these deals on a used car the same way.

So mr Cash wins still

I dont have any Mortgage

Money is the bank makes 1.25% if your lucky

No sence in loosing the money on a split new one for to do 5000-6000miles a year
on any PCP plan.

 

[Jonno02]

Bearing in mind i didnt buy a Brand new looses the vat element the min you drive it away car.
mine was 9months old with 4500miles on & some £6k less than RRP on New one.
i could have had a new one for £2,500 more but whats the point it would have lost £2900 anyways just the same.

You cant get these deals on a used car the same way.

So mr Cash wins still

I dont have any Mortgage

Money is the bank makes 1.25% if your lucky

No sence in loosing the money on a split new one for to do 5000-6000miles a year
on any PCP plan.

How does Mr. Cash win? You categorically CANNOT get a cupra 290 used for £209 a month.

So I get a brand new car (yours is used), top spec (yours is middle spec) and I pay far less than the deprecation you're paying off. Doesn't matter if you buy outright or PCP, you're still paying depreciation.

I think you're in denial.

 

[LeonFRTDi]

Err, cos the Cupra's faster so it needs the better brakes!

The faster you go its all extra ££££

tyres wear out quicker

Brake discs & pads to stop you.

Oh & theres all that Fuel to buy.

Speed limit is 70mph

i have a Diesel car that on paper will do 142mph

its effortless to 100 thats for sure.

unless you wanna get a ban

Soz was converted 12yrs ago to Diesel & will never go back

 

[Jonno02]

The faster you go its all extra ££££

tyres wear out quicker

Brake discs & pads to stop you.

Oh & theres all that Fuel to buy.

Speed limit is 70mph

i have a Diesel car that on paper will do 142mph

its effortless to 100 thats for sure.

unless you wanna get a ban

Soz was converted 12yrs ago to Diesel & will never go back

Ah so you're one of the "I don't care how fun a car is to drive, as long as I get 5mpg more than a petrol" brigade.

You say speed limit is 70mph, then say your car is effortless to 100. Contradicting points? It's like arguing with a brick wall

 

[LeonFRTDi]

you dont get it do you
explain your car costings in full ?
Full cost of that car & is it yours at the end of this £209 a month ??? how many months ?
i dont value the extra for that CUPRA for lots of reasons for a start.
if i keep mine for 9years i'll put money on it am way better off if you change yours every 3 years
I proved it with the mk1 which i did but new for diff reasons
My mk1 was £15400 new in 2005 yes a lot of money back then but it was a very good well made car
sold it for £3,000 at 10yr old.

Cash sale as i didnt trade anything in.

Used Cupra TDI same car at the time was £14k with 10,000miles on so the new car made sence
That was haggled down from over £16k Cars were over priced back then

Only had servicing & tax & ins & fuel & tyres mot's etc which it passed all except the last one (broken front spring)

 

[LeonFRTDi]

Ah so you're one of the "I don't care how fun a car is to drive, as long as I get 5mpg more than a petrol" brigade.

You say speed limit is 70mph, then say your car is effortless to 100. Contradicting points? It's like arguing with a brick wall

ive tried it out to 100 yes but on a open road with no traffic on & at the right time of day

i know all about depreciation but its only bad if you keep buying new & change it too quick.

The previous Leon give some folks a surprise for a diesel i can tell you.

These newer ones are more powerfull but dont have the turbo whoosh sound anymore its all been made very quiet & petrol engine sounding.

 

[LeonFRTDi]

Fun as you say it comes at a silly price..

Ive plenty of FUN moments in the car i have.

bigger grins when its clocking 60mpg tho & still pulls like a train oh & that £20 roadtax

 

[LeonFRTDi]

Exhaust is all still original on that 12.5yr old Mk1 FR TDI by the way....

Petrol Cars eat the things....

 

[Curtly]

I'm with Leonfrtdi but don't want to get to involved in this as the pcp v cash thing is pretty in depth and normally comes down to personal situation. I will say though that every calculation I've made has always favoured buying outright (as long as you buy at the right price).


The one main point I want to get across is for anyone thinking you're beating depreciation buy leasing, you're not. All leasing deals are worked out by how they think the car will depreciate then they add their margin on top of that - that's how they make their money! Otherwise they'd be essentially letting you borrow a car for free.

 

[YerMaw]

Each to their own. The mere thought of driving the same 4 pot soot chucker for 10 years on the trot makes me question the whole point in being alive. But if that's what does for you then on yer self.

 

[Jonno02]

I'm with Leonfrtdi but don't want to get to involved in this as the pcp v cash thing is pretty in depth and normally comes down to personal situation. I will say though that every calculation I've made has always favoured buying outright (as long as you buy at the right price).


The one main point I want to get across is for anyone thinking you're beating depreciation buy leasing, you're not. All leasing deals are worked out by how they think the car will depreciate then they add their margin on top of that - that's how they make their money! Otherwise they'd be essentially letting you borrow a car for free.

Wrong. Lease's will allocate say 250 of the same car for a deal. 250 cars on order means they get the car on a HEAVY discount, normally with manufacturer's finance on backing. In reality, a cupra 290 probably costs a lease company no more than 17-18k.

 

[YerMaw]

Buy whatever car you want by the method that suits your needs and situation the best. To stick religiously to one method of purchase each time is fools folly.

It's completely impossible for someone to say buying used and running beyond warranty is going to work out cheaper. You always have the bork factor.