New Car advice

neilmcl

wgl2014 wrote: »

Just for comparison http://www.tch.co.uk/new-car-offers/new-ford-focus-st-offers/ford-focus-st-finance/
2k deposit contribution and 2 years 0% finance.

But that's for a Focus ST, not the new RS, completely different kettle of fish.

wgl2014

neilmcl wrote: »

But that's for a Focus ST, not the new RS, completely different kettle of fish.

Doh! Will get my glasses checked 🤓

jack_tyler

to wgl2014:- i did go to the link that you sent me, and although it was for the Focus ST, there was also a deal for the Focus RS. However this was for the car as standard i.e. without any optional extra's, but I did contact them and asked them if there is any offers/discounts on this particular car and there isn't. I did however, contact the dealership where I will be getting my car from and asked them for some figures if I decided to go down the PCP route. I said I would like my monthly payment around £350-£400 per month, and they come back with the following:-
The deposit would be £7628.83 to have payments of £400.00 over three years based on 6000 miles per year. The balloon payment at the end would be £17020.00 and over the three years I will of paid £3920.00 in interest. So what should I do, pay it in full or PCP? I dont think im gonna be able to find a bank account that will pay more in interest over 3yrs

latvianlegend

if I could pay in full I'd pay in full - you are unlikely to earn that interest over 3 years sticking it in a bank.


Don't forget the effects of the mileage - if you're likely to only do 6k miles a year fair enough but you'll be charged for going over, whether that be a mileage charge on handing the car back or being offered less than the settlement figure for the car on trade in if you take out another agreement