Seems like I got a good deal on my impending Fabia as the dealer is buying me out of the Citigo PCP.

What sort of deal did you get if you don't mind me asking??

 

I can get an Ibiza for 159 deposit and 155 per month. That car has an excellent spec too!

Nothing special on the Fabia but considering I've only had the Citigo for a year, the deal was done there.

Your never going to make money buying a new car. My man maths that persuaded me to buy a Citigo was on how cheap it is to run. I'll hand over my 1.8t 30mpg audi and £115 a month, but fuel, tax, MOT and servicing costs will save me £85 a month, so in my mind my Citigo will only cost me £30 a month more than running my old car, and that's if nothing else went wrong with the audi!

Remember the 0% deal is also saving you £1500 at least in interest.

Your never going to make money buying a new car. My man maths that persuaded me to buy a Citigo was on how cheap it is to run. I'll hand over my 1.8t 30mpg audi and £115 a month, but fuel, tax, MOT and servicing costs will save me £85 a month, so in my mind my Citigo will only cost me £30 a month more than running my old car, and that's if nothing else went wrong with the audi!

Remember the 0% deal is also saving you £1500 at least in interest.

 

This! - The maths i came out with by replacing the Octy means the savings in fuel, tax and maintenance mean i pretty much break even.. Ive done near 12000 miles and spent £1300 in fuel, with the octy that would have been more than double.. plus 280 tax.. And the other "incedental" cost savings, like driving to work because its cheaper than public transport and car-sharing..

0% finance and servicing was the icing on the cake really.

 

I checked before and my GMFV is £4300 at 42month and 5K miles PA.

This! - The maths i came out with by replacing the Octy means the savings in fuel, tax and maintenance mean i pretty much break even.. Ive done near 12000 miles and spent £1300 in fuel, with the octy that would have been more than double.. plus 280 tax.. And the other "incedental" cost savings, like driving to work because its cheaper than public transport and car-sharing..

0% finance and servicing was the icing on the cake really.

 

I checked before and my GMFV is £4300 at 42month and 5K miles PA.

 

I only do around 6.5k a year so my savings aren't quite so good as yours. Although when fuel goes back up next year it will be better! I'm going to try and get my mrs to use the citigo as much as poss (when I don't need it) to keep miles off our family car (which also only does about 30mpg!!!)

 

I was looking at performance cars but decided I don't need that for driving to work and back lol, especially when I try and drive like a nun to save fuel.

30mpg, show off I get about 22mpg I feel i'm propping up the Saudi Arabian economy, and I'm on first name terms with the guy at the petrol station!!, add about £20 a month on tax I cant wait for the Citigo.

My 64 reg Rapid has lost £4K already [emoji15][emoji15]

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If it's anything like the loan car I had I'm not surprised! After 2 days my wife got the bus.

 

Fred

Garage reckon my citigo is only worth 6k at 18 months old. They still reckon at the end of the Pcp I will have equity in the car. Can't see how. That means it will only lose another grand in the next 18months. Not gonna happen!

So All of us who have citigos on pcps and put deposits down, be prepared to lose it at the end if you don't buy the car.

This is the downside of 0% finance deals and cheap leases, expect the same on the other models offered on zero or very low interest deals

 

We are getting our new Octy on pcp, always been a cash buyer and I usually keep cars 5 or 6 years rather than 3 but at such low rates it makes little sense to use savings and you do have the safety net of bailing out should the gfv drop too low

 

Mind you I did hear that when MB had this issue a few years ago ie lots of pcp/lease deals ending and lower value cars returning to already overwhelmed dealerships they did offer the owners some very good deals to buy the cars outright at much lower than the GFV, so its always worth asking

 

VW are going to have this issue with the Golf R , so many offered on very cheap lease deals the market will be flooded with 3yr old ones

yeah vw were offering silly deals on golf rs . 250 down and 250 pm for 2 years. Some people are putting a few k down and are paying that pm for a new Fabia!

VW are very aggressive on their pcp deals though. They will do you a deal where you pay for 5k per year knowing you do 10k and then they will happily pay the extra depreciation! Skoda can't or won't do that.

yeah vw were offering silly deals on golf rs . 250 down and 250 pm for 2 years. Some people are putting a few k down and are paying that pm for a new Fabia!

 

They didn't offer me a good deal on an UP, £1k down and £190/month, compared with a citigo for £1k down and £125/month.  VW added on £450 gap, £500 minor repair protection and £250 puncture repair as standard on the quote mind.

All those extras are 40 pm! Extra.

VW added on £450 gap, £500 minor repair protection and £250 puncture repair as standard on the quote mind.

Yep not a good deal all round that !

I couldn't believe it to be honest, £250 for puncture cover, at £10 - £20 a puncture that's a fair few punctures, the same with the car park damage cover, the guy seemed to indicate as well that it was only one panel covered!!,  I thought about negotiating but when he dropped the extras off it'd still be dearer than a micra, and a lot more than a citigo.

Plus the citigo looks the best!

Plus the citigo looks the best, in white!

 

 

Fixed it for you buddy.

In Silver [emoji16].......no I mean Red [emoji106]

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Haha depreciation is an evil thing

But consider this, I've (read "wife") just come out of a 55 plate LWB shogun that I paid 8500 for less than 3 years ago and it now has 100k on the clock I've lost 4700 in depreciation (about the same as a CITIgo ) it did 24mpg at best it cost 600-800 each service at 7500 miles and 600 for tyres 285 for car tax plus insurance, then we had a v reg fiesta which needed masses of work to pass mot and cost my 18 year old daughter a fortune to insure

For what those cars have lost, cost ,going to cost I've managed to get a black line yeti and CITIgo brand new all services all looked after and reliable (hopefully ) I was paying £18 a month for breakdown cover !!

So sometimes the policy of " oh you should never buy a new car" doesn't always work out !!

I'm happy as it's costing me less, and my two best girls are very happy ! As they've got/getting new cars on the drive

what bout leaf green?
 

Just checked my agreement the mgfv on mine is 3800! I reckon I might have a couple of hundred quid equity in it the.

Unless the prices level out over year 3 and 4 I very much doubt it will be worth more than it's mgfv.

Current value for my 13 plate is 6k.

swmbo's 63 reg elegance greentech was valued at £6000 by CAP a few weeks back,

 

MGFV was forecast at the end of 42 months to be around £4000, with 2 years left to run the £4000 seems optimistic, unless the values given by dealers are subtantially above CAP valuations or  depreciation stabilise, it would seem MGFV optimistic

 

nearly 50% depreciation in 18 months, so 66% depreciation after 42 months looks unlikely (only 16% additional in the next 24 months? ) I know high initial depreciation but this  seems excessive 

swmbo's 63 reg elegance greentech was valued at £6000 by CAP a few weeks back,

 

MGFV was forecast at the end of 42 months to be around £4000, with 2 years left to run the £4000 seems optimistic, unless the values given by dealers are subtantially above CAP valuations or  depreciation stabilise, it would seem MGFV optimistic

 

nearly 50% depreciation in 18 months, so 66% depreciation after 42 months looks unlikely (only 16% additional in the next 24 months? ) I know high initial depreciation but this  seems excessive 

 

A Peugeot dealer and my Seat dealer valued my 63 plate/6000 mile Mii Toca @ £5700. Both agreed to up that to £63xx to cover the negative equity but still bad!

 

Just not worth buying a car outright now. I paid £6200 outright for a new Peugeot 107 Active in 2007 and got £3200 in PX five years later. That is Mini beating residuals not to be repeated.

We want any car offered me 6400 for mine.

Apparently the residuals really flatten out in years 3 and 4 but I think vag have been caught on the hop with these. They and the motoring press was convinced that the trio would hold its value much better.