Kia Sportage and PCP

Nonamigo

So i was looking at buying a new car and PCP from the dealer looks very appealing to me. The new one costs 29K. With the 8.5K deposit I would have to pay 330 euro per month. After 3 years, according to Kia's website, the GMFV would be 10K. SO if I want to swap it for a brand new one after 3 years I can "use" the difference between GMFV and the real value as a deposit towards new car. So I just checked how much a 3y.o. Kia of the same specs worth on carzone and it is 20K. Does that mean I would be able to use those 10K as a deposit towards new car or is it not as simple as I see it?:)

my friend

3 yo Sportage = €20k ??

Also, what's the km pa allowance?

I predict PCP will be the future hate of a lot of people

Nonamigo

20K km as i understand. Yep, 2011 Sportage 1.7 EX 20K euro and that's with 106K km on the clock. Why do you think it will be the future hate?

thomur

I got the EX(+ second sunroof/worth it) in Jan. Great fuel efficiency vs. my old Santa Fe(petrol). Loads of comments on what a nice looking car it is. Im buying it for 10 years though not 3. Got 3k trade in on a 12 year old Santa Fe with 250k miles so worth haggling

Nonamigo

thomur wrote: »

I got the EX(+ second sunroof/worth it) in Jan. Great fuel efficiency vs. my old Santa Fe(petrol). Loads of comments on what a nice looking car it is. Im buying it for 10 years though not 3. Got 3k trade in on a 12 year old Santa Fe with 250k miles so worth haggling

10 years? I thought you can get 3 years maximum. How much per month if I may ask? Nice cars they are.

ixus

Odds are the people who designed these are smarter than you. It will be skewed in their favour.

There are a few Telegraph articles ob it Google "is pcp a good deal"