How did PCP work out in the end?

L-M wrote: »

Plus you won’t find any low APRs in the premium segment because, well, they simply don’t have to.

Give it a couple of months.

L-M wrote: »

How do you know what costs are involved in maintaining a BMW dealership and or what costs BMW garages for prep, warranty etc?

I’m not having a go but there is absolutely no way BMW garages are trying to make 10k out of a car. I can 100 percent assure you of that.

High volume of Imports and their cost might have an effect on trade in values. Not the dealer trying to make a mint.

You are deliberately trying to cloud matters.
10k on the deal as i referred to it would be the difference between buy in and sale cost.
Sure they have costs and the 10k has to go towards costs and wages etc and any prep but the figure is still simply too high and is taking the piss. The direct price reference could clearly be seen where they are buying in stock from uk and im basing my figure on uk retail at a bmw dealer, adding in vrt and delivery so assuming they wouldnt pay retail, the figure would be even more. Im also talking about less than 1 year old so very limited reconditioning costs and surely no warranty costs.
Typically, what i was looking at a few months back, late 18 530e, with the spec i was looking at, main dealers here were asking 43950 for a uk import with uk car landed here privately from a bmw dealer in uk for 33k.
All this is before they start to take the piss on trade in which they routinely appear to retail at 10k more than offered against full retail price here.

Blowheads wrote: »

It's behind a pay-wall now, what's the gist of it?

Full article seems to be replicated here and not behind a pay wall.

Here

Wuff Wuff wrote: »

has anyone not had a payment collected by VW this month?

mine usually come out the 1st of the month and no collection this month

Mine due today.... so far nothing taken

Wuff Wuff wrote: »

has anyone not had a payment collected by VW this month?

mine usually come out the 1st of the month and no collection this month

I believe there was some alteration advertised re vw bank collections before the virus hit. It will be taken just alittle late for some.

I emailed VW bank last week asking for the 3 month payment break, they replied this morning giving it to me, it's a massive relief tbh, hopefully everything will be ok by July.

xboxdad wrote: »

What do they check when you apply for PCP approval?
Is it as tough as applying for mortgage or what's the process?


Thank you.

It seems the process can depend
https://www.boards.ie/vbulletin/showthread.php?p=108681950

CoBo55 wrote: »

Yes they explained everything in the email. I'm on 0% finance so extra interest isn't a worry. The three months are added on at the end, payments will resume in July, my credit rating isn't affected.

Thanks, might apply myself since I'm in 0% as well. I'm still working, but on reduced hours at the moment, so every little helps.

Augeo wrote: »

What makes and models are GFVM under 35%?
I

I could have been a bit broad with as low as 30 but it was just a general ballpark figure of where they should lie.

Augeo wrote: »

I've seen it mentioned on here a few times ..... 38/39 is lowest I've noticed from browsing.

if you take the base price ex delivery maybe.

Lots of cars, (Even Vw especially) a huge percentage of cars will be + delivery + metallic paint + Technology packs. Suddenly when you add all that "normal" stuff in the percentage starts to drop.

The Volkswagen E Golf Executive at the minute has an RRP excluding Metallic and tech pack of €32,350 and a 3 year 60kms GMFV of €10,727. That's around 33% before you add the €1,000 minimum of extras.

Wuff Wuff wrote: »

has anyone not had a payment collected by VW this month?

mine usually come out the 1st of the month and no collection this month

Mine was taken at the end of last month as per usual. Looks like there is a slight delay with some posters.

hi folks,

i have a question on service plan included with PCP. I had one on my last car which i traded for another in February. Was paying 10 euro a month i think for it. I noticed the service plan amount coming out still each month after i got the new car. I thought this might have been set up by accident for my new car as it was included in the price as a 201 deal but it turns out when i queried it with VW bank it was the service plan for the old car. I cancelled the direct debit thinking it was in error but do i need to keep paying the service plan cost of the old cat until the 3 years would have been up in June? Or does the service plan end when the car is traded? I had three services carried out.

Thanks,
Mick

bazz26 wrote: »

Why would you keep paying for a service plan on a car you no longer have? Who was the DD going to? Was it VW or the dealer? I'd notify them that you no longer have the car and to cancel it at their end also.

well i got my three services so i can see an argument that the service plan is for the life of the pcp... which was 36 months.. the services are every 15k km but i do about 20k km per year.. so used them up in 2.5 years

Best talk to VW then as they may try and take the next payment and then start sending late payment letters to you. May even have an impact on your credit score worst case.

The service plan is a separate agreement to the PCP. You can call them to pay the balance owed.