Norcy91
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Registered: 15th Sep 08
User status: Offline
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Anyone ever done this to get a new car?
Just seen on ebay that Perrys of Burnley are doing brand new Corsa VXR's on a 2 year contract hire. £687 deposit and 23 monthly payments of £229. Seems a good offer to me? Just under £6000 over two years for a brand new car, no tax to pay for a year, full warranty for the 2 years, no need to MOT it.
Just wondering what other people think to getting a car on Personal Contract Hire and what they think of that offer? Thanks
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vx-scottw
Premium Member
Registered: 8th Feb 11
Location: sheffield
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seems too good to be true to me
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Norcy91
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Registered: 15th Sep 08
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quote: Originally posted by sboisw
seems too good to be true to me
http://www.ebay.co.uk/itm/2011-Vauxhall-Corsa-1-6T-VXR-3-door-Petrol-Hatchback-/190559113856?pt=Automobiles_UK&hash=item2c5e355280#ht_1293wt_1201
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John
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Registered: 30th Jun 03
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How is it too good to be true?
You pay 6k to rent it for 2 years.
Good for some people but I've never been able to make the sums add up for me.
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shaunmods
Premium Member
Registered: 12th Mar 07
Location: Glascote, Staffordshire
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Seems like a good deal that mate! Whats the mileage limit on it?
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Norcy91
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Registered: 15th Sep 08
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Still a good, cheapish way to get a brand new car though?
Obviously the better thing to do would get a year old one thats taken it's biggest hit on depreciation and get some equity in it by owning it properly. But if you're wanting a brand new car every 2 or 3 years surely this is a good alternative?
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Norcy91
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Registered: 15th Sep 08
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quote: Originally posted by shaunmods
Seems like a good deal that mate! Whats the mileage limit on it?
I read somewhere on another deal that it's set at 6000 miles a year not a right lot really, but i'm sure they'd be willing to change that a little bit to make a sale
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richc
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Registered: 24th Mar 07
Location: Ilkeston
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quote: Originally posted by John
How is it too good to be true?
You pay 6k to rent it for 2 years.
Good for some people but I've never been able to make the sums add up for me.
Well odds on, it would loose that in depreciation in that time anyway when you come to sell it. You then have the hassle of getting rid of it.
Looking back, i wish i has PCP'd cars instead of buying them as i like to change often.
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Ben G
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Registered: 12th Jan 07
Location: Essex
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i have a fiesta on options which is basically the same except i can buy the car off them, sell it privately or trade in back in after 12 months for a new one.
works well for me. no worrying about stuff going wrong and having to pay for it.
most of these deals are based on 6,000 miles p.a now, mine was but i paid £3 extra a month to raise it up to 9k miles.
this is the 3rd car i've had on the scheme.
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Alex_Rally
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Registered: 6th Sep 09
Location: Tyne and Wear, gateshead
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i couldnt pay 6k for a car and not own it like, but im a tight git. if u are the kind of person that must have a new car all the time, its a good idea.
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whitter45
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Registered: 15th Nov 02
Location: Norton
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all depends on residuals of the VXR's now
Cost us just under 3k to have a brand new VXR for 2 years on a PCP
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adiohead
Member
Registered: 28th Sep 01
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quote: Originally posted by geordie_corsa
i couldnt pay 6k for a car and not own it
I would rather take out a loan and buy a car for £6k
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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what if there is no car you like for 6k?
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Ingham
Banned
Registered: 9th May 08
Location: Burnley, Lancashire
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Nothing from Burnley is good.
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whitter45
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Registered: 15th Nov 02
Location: Norton
User status: Offline
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quote: Originally posted by adiohead
quote: Originally posted by geordie_corsa
i couldnt pay 6k for a car and not own it
I would rather take out a loan and buy a car for £6k
depends on what your buying,
Car will still depreciate aswell
So you will lose money
Like I say most PCP's dont make sense unless they get very residuals at the end
I sold the VXR for near 11k after 2 years
Spent 5.7k on finance over 24 months. Outstanding Balance was 8k
So made 3k which means we spent only 2.7k in 2 years
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adiohead
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Registered: 28th Sep 01
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quote: Originally posted by mwg
what if there is no car you like for 6k?
There's a car I like for 6k.
If I could sell mine for around 5 and had a spare 1 I would buy it.
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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quote: Originally posted by adiohead
quote: Originally posted by mwg
what if there is no car you like for 6k?
There's a car I like for 6k.
If I could sell mine for around 5 and had a spare 1 I would buy it.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Make sure you get the mileage right and you're away. It's not too good to be true, if you do the calculations then you're just paying the depreciation of the vehicle, it's a good way of owning a brand new car every 2-3 years. If you go over three years then it seems to defeat the object of it.
Have a look at http://www.lingscars.com/ The website looks weird as fuck, but it's totally legit and a lot cheaper than dealer finance in a lot of cases.
[Edited on 23-09-2011 by ed]
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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quote: Originally posted by ed
Have a look at http://www.lingscars.com/ The website looks weird as fuck,
So true and she she is even weirder
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ed
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Registered: 10th Sep 03
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Agreed
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
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that website is what i imagine is in most of the druggies heads on here.
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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Probably why you're so shit scared about taking any of them then, brainwashed or what
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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yes, i don't fancy looking like an asian with access to my own personal weapons.
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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Who's the one here on drugs again?
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