Hi,

 

I am currently looking at getting a new Superb. Skoda are offering £1500 deposit contribution if you go with the PCP option. 

 

My query is that after speaking to a couple of dealers the first thing they do when they found out I wanted to pay by finance is add £1500 to the price of the car.

 

I queried this and was told that the deposit contribution is funded by the dealer not Skoda so they need to do it this way.

 

This seems totally crazy to me.

 

Anyone else come across this?

Huh? Sounds a bit sharp to me. Try using the finance calculator on the Skoda website. How does it compare to your dealer quotes?

The finance calculator is not far off...

 

It still was a bit strange though as it happened a couple of times. After I said I wanted to get it on finance the price went up £1500. One dealer then spent a couple of minutes explaining to me how Skoda now expect the dealer to pay the £1500, so they add it onto the price and then take it off on the deposit.

 

I was not sure if I was missing something obvious or did not understand some fine nuance of how a deposit contribution worked, then on reflection I just felt I was being ripped off.

 

Needless to say I did not buy a car from either dealer.

Hi, looking at getting a Superb Estate on PCP and I had the same query, the dealer added on approximately £1,500 pounds, under the heading "add charges". When I queried it, I was told that it was the the interest on the finance at 2.9%. Not sure I entirely believe him!

I wonder is Skoda are aware of this.

 

Anyone in the process of buying an Octavia. There is a £2000 deposit contribution on them so wonder if people are getting the same treatment?

It sounds a little clearer now. If you buy on PCP at the moment there is an interest charge so yes, the overall price will have to be adjusted to include both the deposit contribution and the overall cost of the interest.

Last quarter the finance rate was 0% so the deposit contribution was a straight discount.

I really don't think this had anything to do with the interest charge.

 

Yes there is an interest rate on the current PCP offer, but obviously what the total amount you finance will depend on the deposit you are willing to pay and the final agreed price of the vehicle.

 

The conversions I had were along the line of "Oh, you want to use PCP, that means there is an extra £1500 on the price of the car".

I don't have the quotes to hand to check, but I had the opposite when looking at Fabias, they were more expensive if you just wanted to buy one with actual money.