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Nissan's scrappage deal & PCP

  • 15-04-2015 1:06pm
    #1
    flogen
    Moderators, Society & Culture Moderators Posts: 10,247 Mod ✭✭✭✭


    I've posted here recently about looking for an upgrade to my almost dead 01 Punto and was looking at something of similar engine size or slightly bigger (1.4l max).

    I had been looking at something from around 2007-2009 but I'm now wondering if I'd be as good using Nissan's scrappage scheme to get a new Micra.

    As it stands I'd probably be looking to borrow up to €6k for a 2nd hand car (don't have a huge amount of cash on hand right now and will get next to nothing for the Punto) - from the CU that'd be just shy of €200 a month over 3 years.

    Going by Nissan's website (which I'm taking with a pinch of salt of course) I'd be looking to pay ~€240 per month for an entry level Micra after the 4k for my scrapped Punto.

    Given that I'd save a wee bit on tax, NCT and (hopefully) running costs, all the while getting a new car - that extra €480 a year seems manageable to me.

    What I'm not sure of is how much Nissan are likely to look for after 3 years, assuming I don't decide to upgrade or return the car. Any ideas on this?

    Also - I don't know a huge amount about these kind of finance arrangements... are they generally competitive with a loan from a bank or CU or best avoided?

    And perhaps most importantly - is the new Micra any good?!

    Thanks for any help on this.


Comments

  • #2
    ofcork
    Registered Users, Registered Users 2 Posts: 5,443 ✭✭✭ofcork


    If you keep the car at year 3 you will have to pay the balance known as the gmfv which could be 6k or so.


  • #3
    naughtysmurf
    Registered Users, Registered Users 2 Posts: 3,292 ✭✭✭naughtysmurf


    flogen wrote: »
    What I'm not sure of is how much Nissan are likely to look for after 3 years, assuming I don't decide to upgrade or return the car. Any ideas on this?

    To find out the exact figure you will have to talk to them because it's also milage depentent, <10k, 10-15k, 15-20k per year etc but the agreed figure will not change, they will print all this out for you to take away if you want to think about it


  • #4
    flogen
    Moderators, Society & Culture Moderators Posts: 10,247 Mod ✭✭✭✭flogen


    Thanks - I might go in and see what kind of figures they'd be talking about. It's a shame more places aren't doing some kind of scrappage deal at the moment... ~4k off the likes of a new Punto would make it very affordable!!


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