0% PCP Offer Vs Lease

[AtW]

I will stick to my £120 a month top of the range Passat for the next 23 months though...

Brexit will annul your warranty and no spare parts will be provided to UK outside of EU, you've heard it on here first...

[ChimpMaster]

If you clean the seats, you won't stick to your Passat as much.


Do you ever drive a BMW on the M40?

Odd question?

On the topic of BMWs, I have heard they are notoriously unreliable. I have never owned one though so couldn't possibly confirm.

[AtW]

On the topic of BMWs, I have heard they are notoriously unreliable. I have never owned one though so couldn't possibly confirm.

That's true - they've got real problems with their steering-by-wire subsystem - the car can make sudden movements right in front of you, best to give BMWs plenty of space.

[Cirrus]

I have comparing various PCP / lease offers on my next car and have seen a 0% PCP offer which sounds tempting, in effect an interest free car.
Would this compare better than a standard lease deal, or are they incomparable ? I am struggling to see the logic of comparison so seeing what people think.

It's not interest free.

When Tesco say "£2.50 off" they don't mean £2.50 off. They mean "a) Come here you stupid gullible idiot and believe anything we tell you or b) walk away because you know we're inveterate liars and will wait until we give you a genuine price"

They say a figure and then say "We will charge you 0% more". They could say a different figure eg 10% more and then say "We'll give you -10% PCP". Or they could offer you 10% discount and then give you 10% PCP. Which of these do you regards as 'an interest free car'

Price is entirely fluid. A big reason they lease cars is it hides the actual price they are charging. There is huge sensitivity about selling prices and residual values. I would guess that very often a lease deal is better than buying if you're intending to keep the car for 3-4 years.

[wantacontract]

Don't forget to check the broker prices (carwow, drivethedeal, broadspeed) if looking at PCP deals...

I will stick to my £120 a month top of the range Passat for the next 23 months though...

that sounds a cracking deal...what was the deposit though? And miles?

[eek]

that sounds a cracking deal...what was the deposit though? And miles?

£120 a month 3x23 for 5k miles a year (it's 7.2p a mile extra which usually gets discounted to 3.4p a mile if you modify the mileage early in year 2)...

The deal was live for about 12 hours back in March....

It was too cheap not to take - regardless of the business mileage I may or may not do...

[wantacontract]

£120 a month 3x23 for 5k miles a year (it's 7.2p a mile extra which usually gets discounted to 3.4p a mile if you modify the mileage early in year 2)...

The deal was live for about 12 hours back in March....

It was too cheap not to take - regardless of the business mileage I may or may not do...

thats a great deal!! What was the model? Who did you go through, might add it on a bookmark to keep an eye out for the future as need a car soon...

thank you!

[eek]

thats a great deal!! What was the model? Who did you go through, might add it on a bookmark to keep an eye out for the future as need a car soon...

thank you!

Passat DSG alltrack. Think they are £34k new. Through national vehicle solutions from memory

[AtW]

It's Brexit now, make sure you lease appropriate vehicle!

[RetSet]

£120 a month 3x23 for 5k miles a year (it's 7.2p a mile extra which usually gets discounted to 3.4p a mile if you modify the mileage early in year 2)...

The deal was live for about 12 hours back in March....

It was too cheap not to take - regardless of the business mileage I may or may not do...

31p per mile 'depreciation' over 2 years/ 10k miles.

Now that IS a good deal for a brand new motor.