PCP finance.

I'd be holding off for a 17 reg car at this stage of the year to be honest.

I'd also look at doing some maths around what you can sell the Picanto for privately along with a cash discount off the new car. Looking at these examples on dondeal it could be worth between 2500 and 3000 privately unless it's a shed on it's last legs:

https://www.donedeal.ie/cars-for-sale/kia-picanto-1-0/13412906
https://www.donedeal.ie/cars-for-sale/08-kia-picanto/13388667

It may not be worth your while but at least tot up some sums first.

GavMan wrote: »

If he gets 3k for the picanto, how much is he likely to get off the list for cash? 2k maybe? Can't see him getting more unless he takes a 162 from stock. Presuming he can shift the picanto fast which might be easier said than done. For the sake of 1k, it might be easier all round to take the 4k offer. You could be lucky and work another 1k off the price of get some options added for 1k.

Turn up with a quote for a Tucson and he might bend for the business

Sir, you must be very well-off to give away one grand.

I know - relativity. Collecting Tesco coupons to save a few euros here and there, but letting €1000 go when buying a car... But money does not know where it was saved

It's running fine but its not the cleanest inside and the body while straight is a small bit rough, it was her learner car so it took the scrapes and scratches. Don't see myself getting much more than 3.5k privately so 4k scrappage is probably better value.

rob316 wrote: »

It's running fine but its not the cleanest inside and the body while straight is a small bit rough, it was her learner car so it took the scrapes and scratches. Don't see myself getting much more than 3.5k privately so 4k scrappage is probably better value.

Don't forget if your buying with no trade-in/scrappage then you will still be able to negotiate a discount off the new car. So selling your own car privately and buying the new car with a straight deal discount could end up saving more than the 4k scrappage on offer. However if the body is rough as you say then you would probably be looking at closer to 2k or less privately, so it probably works out better to just to go with the scrappage deal in this case.

acronym Chilli wrote: »

Was in a marketing class, and we'd all filled in a questionnaire. Randomly, half people got one version of questions other half got a different version.

A) You're in a shop looking at a nice watch-strap. It's €25, but you look online and discover another shop that's 8 mins walk away where you can get the exact same one for €15. Do you buy here or go to the other shop?

You're in a shop looking at a nice watch. It's €970, but you look online and discover another shop that's 8 mins walk away where you can get it for €960. Do you buy here or go to the other shop?

Both questions are equivalent to the following: "will you walk 8 minutes for €10?", but you get a different balance of answers from the second question to the first.

Its a very common behavioural thing, best summed up as penny wise, pound foolish.

Most often seen in car and house purchases.

People think nothing of 3-4k of extras on a car, or indeed an 800 quid hitch. Or putting an extra 10k on a house bid.

Often, the same people might baulk at 100 quid on a pair of shoes over an 80 quid pair.

Are there any deals on PCP for used cars? 2-3 year old max, I see that Windsor are doing a 161 offer on Nissans atm https://www.windsor.ie/special_offer_details.aspx?so=181

ofcork wrote: »

Seems some dealers are doing pcp on used finbarr galvin in cork being one.

Audi are doing pcp on used but not too old.

rob316 wrote: »

Hardly worth your while doing PCP on used is it? Very little equity I'd imagine left over.

I'd say it would be but only if you plan to keep the car

rob316 wrote: »

ok I'm going for the tucson. price agreed and pcp approved the only thing that is stopping me pulling the trigger is the time of the year. Like should I wait till January or would I get a better deal on a 162 in December? or does it make much of a difference if I buy tomorrow.

I got a Tucson last week on PCP had same dilemma. Dealer offered thousands more on trade in than other Hyundai dealers. Was worried if I went back in Jan the trade in value would be reduced to what other dealers offered. I feel in three years time I will have to pay off the outstanding other wise I will be buying a very late 2019 car.

rob316 wrote: »

ok I'm going for the tucson. price agreed and pcp approved the only thing that is stopping me pulling the trigger is the time of the year. Like should I wait till January or would I get a better deal on a 162 in December? or does it make much of a difference if I buy tomorrow.

If you have an old car to trade-in then yes the trade-in value may well be less come the end of the year or January.

If you're keeping the car longer than 3/4 years and can get better deal now than January surely may as well buy now though mick?

mickdw wrote: »

My parents bought a super nice spec pre reg zero mile passat a few years back. It was registered in September but they got alot of spec and good discount. Happy with the deal but on trading in it cost them 4k more to change versus a car registered just 3 months later would have.

It probably would have cost them €4k more to buy an unregistered Passat in the new year though.

What's the application criteria for PCP?

Rodar08 wrote: »

Hiya. Wee question. Might be silly but hey ho that's how learning is done. So we have a corolla banger 00 but going strong Nct n taxed and an 11 Vauxhall Meriva. We're looking at the c-hr new. So would the Toyota dealer talk to us about Scrappage for the Corolla and a trade in for the Vauxhall? And also a deposit if need be? Or is that not a thing?
We do need a second car but we just want to go for an old car c2006 ish.

Can't see a scrappage deal for Toyota? Car may just be too old. If your ramping up the deposit in any pcp deal then it's better to finance the outstanding after 3 years and buy the car.

Expensive cars have expensive deposits and monthly payments which can adjust by a considerable margin after 3 years.

I.e if you drop 8k as your deposit your monthly is 370. If you drop 4k deposit your monthly is 500.

However, your equity will be the same after 3 years irrespective of your initial deposit. So if the expected equity is roughly 4k that is your new deposit. Assuming a similar car your monthly will be the new higher price which may be a shock. It may not be an issue. Either way you should be aware if it.

As low an interest rate as possible is desirable. Vw and Skoda operate near to zero. That makes buying a new car outright a good option using pcp. You only pay capital for half the cars value and then interest on the smaller portion left over. the c hr looks great however.....