You only just bought it and you're selling it already?

 

Sounds about right     

Taylor93 get rid of your current thing  and get a Mk1 VRS: you know that you want to! Mine is not for sale though I am keeping it. It's had the cam belt done, 4 new tyres, new turbo 30K ago so should last me a while yet touch wood! You should have kept that 1.4 MPI that was a great little car and, sorry Boss but the pushrod engine is better than the 16v: loads more low down torque, just shame about the C02 emissions lol.

 

 

@Bossfox: Taylor has already had one 16v MK1 lol. As to the Mk2 Fabia VRS: was neeeearrrly seduced into getting one on the never never after loving it on test (Barry at Sherlodge let me have one for a few hours) but soooo glad I did not go there now.

Edited 24 January, 201412 yr by Matt Bodycombe

but matt I currently use my car once a fortnight minimum (now walk to work) max is about 3 times a fortnight. So why shouldnt i get a Alfa Romeo GTV 3.0 V6 24V ?

Good luck with that Taylor

 

If you want an Italian money pit cheap for weekend use with that V6 get a GTV 3.0 coupe I would agree: Really nose heavy though. I would still get a BMW straight 6 though. A nice 330 ci maybe. Inline 6 way better than a bent 6 IMHO.

Edited 24 January, 201412 yr by Matt Bodycombe

Good luck with that Taylor

 

You know it makes sense

 

Although i think i will need all the luck in the world to actually get one 

Would sir like to purchase a high quality used vehicle in a rather fetching shade of slime?

Are you sure you're not Arthur Daley's love child? 

They do exist, this one is in Essex: http://atlasautos.co.uk/vehicle/name/skoda-fabia-elegance-2-0-5-dr/

They do exist, this one is in Essex: http://atlasautos.co.uk/vehicle/name/skoda-fabia-elegance-2-0-5-dr/

 

That's been for sale for around 6 months.

I think the VED scares people off.

 

Nice colour.

My friend bought a 2008 Fabia 3 1.4 petrol from them in October last year and has been over the moon with it, that dealer seems to be fairly decent.

That's been for sale for around 6 months.

I think the VED scares people off.

 

Nice colour.

It's also quite expensive. You can get a good mk 1 VRS for that money :/

Between £2-5k I'd agree with that, the sub £1k market though doesn't seem to have recovered since the scrappage scheme, my brother's car is dead (Nissan Almera, broken engine), have been looking around for potential replacements and I've been massively underwhelmed with what's available in that price bracket in the North West.

 

Plenty of stuff around if your willing to take a chance.

I just picked up a tidy Octavia 1.8T 4x4 Elegance estate with plenty of MOT and some tax with decent history for £920. 

Only thing I have found wrong so far are the o/s rear door latch needs looking at and may need a starter motor soon.

but matt I currently use my car once a fortnight minimum (now walk to work) max is about 3 times a fortnight. So why shouldnt i get a Alfa Romeo GTV 3.0 V6 24V ?

 

In that case I strongly recommend getting something really really un-sensible.

 

I'd probably go Jag XJS V12 myself or a Crysler 300 HEMI.

 

If you don't really need it get something silly to enjoy

In that case I strongly recommend getting something really really un-sensible.

 

I'd probably go Jag XJS V12 myself or a Crysler 300 HEMI.

 

If you don't really need it get something silly to enjoy

 

Exactly my thinknig, hence the idea of going for a silly Alfa GTV 3.0 V6.

Unless it's on the Skoda 0% deal it's an expensive way to buy a car though.

 

Because you are paying interest on the paments and the Future Value/Balloon.

Only as the balloon payment is outstanding for the whole of the deal you pay more interest than if you were buying the car.

With tradional HP you are reducing the capital outstanding all the time, to zero at the end.  Which reduces the finance charges.

 

As Someone said above, it's a good way to get in a car you couldn't normally afford.

But it's not cheap in the long run due renting the car during it's heaviest depreciation period and also having a lot of finance charges.

 

However... if the figures add up and you want the car, everyone has free choice.

PCP is brilliant when its 0% finance. If it isnt 0%, you are paying way over the odds for a car and get hit with large depreciation.

I wouldnt touch brand new unless it was 0% finance.

PCP is brilliant when its 0% finance. If it isnt 0%, you are paying way over the odds for a car and get hit with large depreciation.

I wouldnt touch brand new unless it was 0% finance.

That's a rather simplistic way of looking at things.

What if you were offered 0% finance with 4% discount off list price, or 5% finance with 12% off list price?

There's much more to evaluating the value of a deal than looking at finance apr.

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Having sold cars for a living I can say that PCPs on new cars is nearly always a cheaper option than HP. Although the basic figures would tend to show the opposite, most manufacturers give a lump sum to encourage you to take out a PCP and it's often accompanied by a lowish interest rate.  Plus on top of that, the dealer is often given an immediate incentive to sell a PCP. When I sold Nissans for example, we got a £500 bung from the manufacturer for selling a PCP and if you were buying a Primera, then we could offer nearly £2,500 towards your new car. I.e.  you could have £3K off your new cars finance before you even haggle on the price of the car.

 

Hence my current car (MB 350-CDi AMG sport Plus on a PCP) is £350 a month, yet to buy cash would cost over £40K and because much of the £5,500 incentive offered to me to go for the PCP was from the manufacturer I could still haggle hard on the several thousand pounds of profit in the actual car (thus paying almost no deposit). Merc are currently doing a pretty strong deal again on PCPs (around £5K towards the PCP deal on a C class-probably because a new model is coming)

 

The downside is that a competitive monthly payment often means that the final 'balloon' payment is set a tad high and therefore there will not be much, if anything, left in the vehicle to give you a deposit for your next car when you finish your PCP.

 

It is still a good mechanism to buy a car though, as it is essentially a HP agreement and so subject to the same safeguards, ie after you pay off a third of the total cost of the car (including your deposit) then the manufacturer needs a court order to get the car back from you (say you struggle temporarily with the monthly payments) and once you have paid off a half of the total amount due, then you can hand the car back to the manufacture any time you like and walk away. I did this with a Seat Toledo that owed around £6K but was only worth around £4K at the time. I rang up VW finance and said I would like to give the car back a year early as I had paid off over half the total amount due. No probs, a truck appeared a few days later and the car was gone

That's a rather simplistic way of looking at things.

What if you were offered 0% finance with 4% discount off list price, or 5% finance with 12% off list price?

There's much more to evaluating the value of a deal than looking at finance apr.

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Agreed. I sold a Primera to a chap who demanded 0% interest on the Primera I mentioned above. I said we didn't do 0% but with all the incentives we could do the equivalent of better than 0% in a PCP. Ok the final lump has still to be paid, but as the cars he was looking at required a big deposit to qualify for 0%, I pointed out that he could keep that deposit money, put it is a savings account and still have change if he decided to keep the car and make the payment. Thus I always recommend to let the salesman go through the finance options with you. If you have a monthly budget, it is uprising what they can do with the mechanisms they have set in place.