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paddyh747



Member Since: 29 Jan 2018
Location: Newtownards
Posts: 67

United Kingdom 

Or consider a pcp on a couple year old one.
I just took out a pcp on an almost 3 year old hse dynamic with 17k for £4.5k deposit and £440 per month. Yeah I’ll not own it but in 2-3 years time I’ll want to change anyway. I’d rather if I were you my £20k sitting in my account or put into something else making me money.
I almost ordered a new SQ5 but when I looked into a used sport to me it was a no brainer. 2015 HSE Dynamic, black, 22’s
2017 audi S4 avant

Post #553113 Tue Apr 03 2018 8:33pm
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kismet110



Member Since: 09 Oct 2010
Location: London
Posts: 382

United Kingdom 2005 Range Rover Sport Supercharged Java Black

^^^

Yeah, I get what you're saying about keeping my money to do what I want with and even though the current RRS I've owned for 7.5 years that is rare (last two cars I had a for a year or two).

If I do go the PCP route it will be a 2/3 year old vehicle, likely an SVR if not then an SC.

Post #553114 Tue Apr 03 2018 8:40pm
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paddyh747



Member Since: 29 Jan 2018
Location: Newtownards
Posts: 67

United Kingdom 

If I’m in a position to next time it will be an svr. Range Rover is my wife’s and I have an S4 avant for work but might change it for a van next time. 2015 HSE Dynamic, black, 22’s
2017 audi S4 avant

Post #553115 Tue Apr 03 2018 8:45pm
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kismet110



Member Since: 09 Oct 2010
Location: London
Posts: 382

United Kingdom 2005 Range Rover Sport Supercharged Java Black

Just had a quick look at a real-life example; 2015 LR Used Approved SVR with very low mileage, £78K.

Putting down £20K then PCP over 36 months (Alphera Finance) means payments of £750 per month (APR 8.2%).

You'd think after another 3 years a well preserved SVR would still hold decent value so on the surface that looks decent?

As RRSMan mentioned though I guess the haggling for a lower APR is key.

More confused now than when I started but it's a good dilemma to be in ...

Post #553116 Tue Apr 03 2018 8:51pm
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paddyh747



Member Since: 29 Jan 2018
Location: Newtownards
Posts: 67

United Kingdom 

That’s who I’m financed with through magnitude. The future value on an svr isn’t much more than mine. My final
Payment is £35k and similar age and mileage svr is £40k. You would think it would have a far greater value in 3 years.
From memory my apr is around 6.9 2015 HSE Dynamic, black, 22’s
2017 audi S4 avant

Post #553117 Tue Apr 03 2018 8:54pm
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kismet110



Member Since: 09 Oct 2010
Location: London
Posts: 382

United Kingdom 2005 Range Rover Sport Supercharged Java Black

Quote:
That’s who I’m financed with through Magnitude. The future value on an svr isn’t much more than mine. My final
payment is £35k and similar age and mileage svr is £40k. You would think it would have a far greater value in 3 years.
From memory my apr is around 6.9


That is a little bit of a surprise to be honest, you'd think the differential would be wider but hey ho.

Once I decide which way to go (which could take a while but am going to stay open minded about it) I will bear in mind the APR you mentioned and try and get it low as I can if I take this route.

Post #553118 Tue Apr 03 2018 8:59pm
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paddyh747



Member Since: 29 Jan 2018
Location: Newtownards
Posts: 67

United Kingdom 

I’m hoping in 2-3 years I can get figures on an svr I can live with.
Speak with magnitude finance they were easy to deal with and had everything sorted pretty quick for me.
Enjoy making your mind up 😂 2015 HSE Dynamic, black, 22’s
2017 audi S4 avant

Post #553119 Tue Apr 03 2018 9:01pm
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kismet110



Member Since: 09 Oct 2010
Location: London
Posts: 382

United Kingdom 2005 Range Rover Sport Supercharged Java Black

Quote:

I’m hoping in 2-3 years I can get figures on an svr I can live with.
Speak with magnitude finance they were easy to deal with and had everything sorted pretty quick for me.
Enjoy making your mind up 😂


I will speak with Magnitude for sure if I take that route, heard good things about them from others too along with Oracle and some have also managed to get decent deals with Black Horse who are behind JLRFS.

Ha, cheers! I will no doubt end up with even less sleep than usual overthinking it Laughing

Post #553122 Tue Apr 03 2018 9:05pm
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IRBails



Member Since: 22 Nov 2013
Location: Wollongong
Posts: 863

Australia 

http://theconversation.com/are-we-facing-a...acts-83471 M16 SVD8 ,4.4 HSE with a few extras, Sold R50 , Wife SQ5 , BMW R1200GSW.

Post #553141 Wed Apr 04 2018 7:04am
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paddyh747



Member Since: 29 Jan 2018
Location: Newtownards
Posts: 67

United Kingdom 

Interesting.
Too many people don’t understand what they are signing up to with a pcp. They just see new car and small payments.
I took one as it suits me. I’m well aware of excess mileage charges etc if I was to hand it back. 2015 HSE Dynamic, black, 22’s
2017 audi S4 avant

Post #553142 Wed Apr 04 2018 8:19am
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kismet110



Member Since: 09 Oct 2010
Location: London
Posts: 382

United Kingdom 2005 Range Rover Sport Supercharged Java Black

IRBails wrote:
http://theconversation.com/are-we-facing-a-car-loan-credit-crunch-here-are-the-facts-83471


There isn't anything in there that isn't possible given the right (wrong) financial situation arising but it does end with the premise that in the UK the worse case scenario is very unlikely!

If you go into it with your eyes open, understand the potential 'extra' costs (excess mileage, repairs etc.) then all is good.

I'm still mulling over which path to take, Plan A is definitely the safer option but Plan B is more exciting!

Post #553144 Wed Apr 04 2018 8:37am
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PDC



Member Since: 13 Dec 2015
Location: Warwickshire
Posts: 163

United Kingdom 

My last 4 or 5 cars have all been financed with PCP's. I only do about 10k a year and so a PCP works well for me. The cars have usually been worth a couple of grand more than the GFV at the end of the term which then goes towards the next deposit.
And so for all the valid reasons that have been stated I always have PCP's. Thumbs Up 2010 RR 5.0 Autobiography
2020 F-Pace SV
2018 RRS HSE Dynamic 3.0
2015 Disco XXV
2011 Disco 3.0
2008 RRS HST V8

Post #553281 Thu Apr 05 2018 10:50pm
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kismet110



Member Since: 09 Oct 2010
Location: London
Posts: 382

United Kingdom 2005 Range Rover Sport Supercharged Java Black

Quote:
My last 4 or 5 cars have all been financed with PCPs. I only do about 10k a year and so a PCP works well for me.

The cars have usually been worth a couple of grand more than the GFV at the end of the term which then goes towards the next deposit.

And so for all the valid reasons that have been stated I always have PCP's. Thumbs Up


Cheers PDC for that, food for thought. I probably only do around 5K a year so half your mileage and am now leaning towards a PCP as that way I can enjoy driving a great car knowing I have the flexibility of handing back, retaining or getting another one after a couple of years; something I have never done before as always bought cash (albeit via a personal loan on some occasions).

Post #553287 Fri Apr 06 2018 4:27am
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