Fiat Panda £99 offer

Guinness-Cat

Hi,

We were thinking of taking fiats £99 deposit and £99 a month PCP deal on a new (basic) Panda for my wife to drive. It seams like a good deal - what do others think.

It's to replace a 10 rear old Espace 2.2DCI, which costs more than this in repairs, not to mention tax etc.

Thoughts welcome.

Guinness-Cat

OddballJamie

Worth comparing to what brokers can offer for a similar spec and a personal loan. You may find it better as you own the car, or worse, haven't seen the £99 deal yet.

bigjl

I don't think pcp deals make sense for a private buyer as you have nothing to show. If however you intend to change every 3 years then they do make budgeting easier ss you have no car to sell and just get in a new one every three years.

The Fiat Panda is a nice little runsround so can't fault you on that choice.

Though i would be inclined to go for a Clio. But i am biased as the wifes 06 Clio has been a good workhorse for the past 4 years.

I would consider what the long term plan is.

Would you want to keep it after the pcp period ends by paying the lump sum?

How much extra would normal low deposit HP be?

I had a pcp deal back in '99 when they were the next big thing and to be honest even with a £4k deposit on a £17k purchase cost (cars were more expensive then due to extra taxation, equivalent car is still roughly the same money now, Seat Toledo tdi) the car was going to be in negative equity for most of the agreement. Not a nice way to be.

OddballJamie

Had a look, seems decent enough, £99 + 47 x £99 = £4752
6000 mile limit, excess 6p a mile
Hand back or buy for £3000 at four years.
Total £7791

compared to

Pre reg 13 plate
http://www.fiatsupasaver.com/ItemDetail.aspx?mID=683
£6495.00
5 years at £126.33 a month total £7,580 (Sainsburys)

Brand new one is £500 more.

Looks like it depends on the mileage <6000 PCP looks good >6000 loan may be better.

bigjl

That isn't the worst deal in the world.

Would have doubts about buying a very basic car though.

Would need to make sure it had Aircon and a full compliment of airbags as a lot of these small cars have side airbags on the options list for the low spec ones.

A big no no for me.

One reason I like Renaults like the Clio, lots of airbags.

Even an under thigh airbag instead of an uncomfortable anti submarine seat which I can always feels under my thighs on a long journey.

Hintza

I think the deal is pretty good and even if you go over 6,000 miles per annum you still have the option of buying the car at the end of the deal thus not incurring any penalty.

My biggest question Espace to Panda?

Guinness-Cat

Hintza wrote: »

I think the deal is pretty good and even if you go over 6,000 miles per annum you still have the option of buying the car at the end of the deal thus not incurring any penalty.

Yes - fairly much what I was thinking...

Hintza wrote: »

My biggest question Espace to Panda?

Wife is looking to give up child-minding (or at least scale back).

The espace actually doesn't have any room in it when you have all 7 seats in - probably a bigger boot in the panda!!

Hintza

Guinness-Cat wrote: »

The espace actually doesn't have any room in it when you have all 7 seats in - probably a bigger boot in the panda!!

The boot in the Panda is surprisingly big especially with the rear seats down. I'm not sure how the new shaped Panda is doing but the old one really was a bomb proof wee car. The thing that really annoys me though is they have ramped the price a fair bit.

I think there are some of the old shape still kicking around in fiatsupersaver (might be pre-reg) but could be worth running the sums on one if you were interested.