General Lease/PCP/PCH Deals Thread

GaryB19722010

PCP

domtheone

£1200 down with the VAT. And the £180 admin fee but still a cracking deal.


I get £4028 all in for the Fiesta deal.  £168 a month all in for 2 years is pretty impressive.

FZR400RRSP

It's just a thought but, seeing as this is a thread about personal leases, could people stop quoting figures that exclude VAT?
No point getting people interested when they've to suddenly add 20%

GaryB19722010

True it is frustrating when offers look good, then you find out its a business lease and then they exclude VAT

GaryB19722010

Try Contract Hire and leasing, same car, same period £119 per month including VAT, £1,000 deposit no other charges

Jon Boy

PCP doesn't have a balloon payment it had a guaranteed minimum future value, if the car is worth less than the GMFV you can hand it back but if it's worth more you can carry the equity onto your next car

rousetafarian

Agreed and that's a helluva big 'if'

Jon Boy

I've given over £1000 equity before, if for instance you set your mileage to 12000 a year and bring it back at the end of a pcp with 20000 on it then depending on the market it should be worth more. You can exit pcps a lot easier and cheaper than you can on a PCH.

blicky_1

PCP keeps popping up in a lease thread!

I have also returned a car after 3 years that was worth around £1k less than its GMFV (that was some years ago now) that being the case I just gave it back and walked away, with the way personal leasing has now gone it would be cheaper on the monthly payments vs. PCP anyway and no 'gambling' on the future with how much it's worth at the end.

bongo2202

Well my wife's arrived the other day and I've managed one mile in and have been demoted to her RS Clio, must admit the ST is a lovely bit of kit especially with all the extras.....just got to bloody wait for my Golf R now :-(