Buying a new car on PCP

19lottie82

craig159753 wrote: »

Hi, I'm totally new to this forum and to buying a car, and wanted some advice.

So i spoke with a respected trader today and got some details and numbers from them. However to me, it seems a good deal. But i would rather a second opinion (a wiser more experienced opinion )

The car in question is the new 2015 Vauxhall Corsa 1.4 (Petrol) Limited Edition model.

List Price: £14,350 (Carwow price)
Dealer Price: £12,095

Over £12k for a CORSA?????? :eek:

Don't do it. Just don't. I appreciate you're not going to hand over £12k on the day, but still.......

craig159753

No, i appreciate the comment, do you recommend any other new cars for £12,000?

ToriP

craig159753 wrote: »

No, i appreciate the comment, do you recommend any other new cars for £12,000?

I always recommend ford fiestas. I have one at the minute and it's a great little car. Couldn't tell you about pcp or residuals on them, just it was a great car

19lottie82

There's nothing wrong with a Corsa (IMO) but, just...... £12k??

I bought a pre registered corsa sxi (decent ish spec) for £9k when I passed my test, and I wouldn't say I regret it, but it really was a waste of money.

I sold it 4 years later with 27,000 on the clock for £4300.

If you have a £12k budget can you not get something a bit better than a...... Corsa??

Even £9k will get you a one year old, ultra low mileage, 4 door Toyota Yaris with lots of bells and whistles (Bluetooth, reversing camera).

Sure brand spanking new cars smell nice.....

Meh. It's your own choice I suppose but 12k, on a CORSA???

craig159753

No i agree however I have researched the new corsa a lot, and it is a significant improvement than previous models, and does come with far more equipment than previous models. Thanks for the info though

Cornucopia

I like the look of the new Clio. Not driven it, it just looks nice.

Similar price to the Corsa, though.

I bought a Renault Captur a couple of months ago, and that is £156 per month - unfortunately that low-rate PCP offer ran out at the end of March. But there are offers about.

craig159753

Yeah i saw the Capture deal not to long ago. Wasn't a fan of the capture though, my friend got the Clio though, i thought it looked nice, but changed my opinion. Still looks to much like the old clio at some angles ha

karlie88

craig159753 wrote: »

Leasing isn't for me as I don't see the appeal in effectively renting with no chance of owning it. Thank you for your comment though

https://www.contracthireandleasing.com/car-leasing-companies/independent-brokers/jet-vauxhall/vauxhall/corsa/48382135/

About £5600 for 3 years at 15k miles pa.

Mobeer

craig159753 wrote: »

Yeah I did see the car was at 0% finance however the car is then £2000 more expensive so the 0% doesn't have the same appeal. I will try to haggle them a bit with some contribution. This is my first Car. Because until now I have been driving my partners car.

Why not look around for someone who will give a discount off the price and use the 0% deal? Broadspeed are showing a £1699 discount and might be able to get the 0% deal as well; other brokers might also be able to help.

billywilly

craig159753 wrote: »

No i agree however I have researched the new corsa a lot, and it is a significant improvement than previous models, and does come with far more equipment than previous models. Thanks for the info though

But it is still Vauxhall! And what do Vauxhalls do best? Lose you money.

I'd be very surprised that a Corsa would hold anything more than 35% of its price new after 3 years. At a guess trade in would get you about £4550.
Mind you I do have to admit that they hold their price better than Fiat or Alfa.
I got stung with a new Alfa in 05. Paid £21000, - 2 years later I part ex'd it for £7000.