Range Rover Evoque PCP v Lease v Bank loan

Rjhsteel

agrinnall wrote: »

https://www.whatcar.com/news/2018-what-car-reliability-survey/n17821


Evoque is 23rd out of 25 Large and Luxury SUVs.


The Range Rover Evoque isn't as bad as its larger stablemate; 45% of cars had a problem. The exhaust (15%) was worst, then interior trim and engine and non- engine electrics (both 13%). Most remained driveable and two-thirds were fixed in less than a week, but a few owners paid up to £1500.

Yeah, that's a bit worrying but wouldn't a lease cover these costs?

RichardD1970

I'm assuming you will be looking at the New Evoque as opposed to the older model.

This is an almost completely new car, on a new platform, with very little held over form the old one.

Only time will tell on the overall reliability but all the reviews I've read so far are positive.

benbay001

Rjhsteel wrote: »

So helpful! Do you know my new personal circumstances?

Idiot.

Rjhsteel wrote: »

We are currently remortgaging and will have some spare cash to pay off these debts.

After or if we receive the credit agreements, we are planning on writing to each individual creditor with a Full and final offer.

You new circumstances are in your post history. You rolled your old debt into your house.
2 months later you want to get more debt.

Arklight

Rjhsteel wrote: »

You have personal experience of this as I've seen reviews saying they had no problems with it even after 20k miles.

There are rumours on owners' forums that some Range Rovers can go an entire 20,000 miles without a major failure, but do you feel lucky, OP? Do ya?

I don't know if this is the forum for you anyway. This is a money saving site. Luxury cars, like Range Rovers, are designed to be sold to people with more money than sense who want to show off, play with the shiny gadgets, and then get a new shiny luxury car to impress themselves with as soon as their original one is considered "old" - which for them is about 3 years max.

That's the lifespan Tata build to, that's the customers they make them for.

People who buy them at 3 years old look at the enormous depreciation and assume they are getting a bargain and will still get to show off quite a bit with a new-ish car quality car. Usually the first garage bill disabuses them of that notion.

almillar

But I understand if the value is higher than first worked out, you can use that deposit towards another PCP and basically continue the deal.

Equity. This means you've paid more than you should have over the years, and the GFV was too low. And negative equity means the car is worth less than the GFV, so you haven't been paying enough over the years. Great, you got a bargain, walk away!!
You're trying to decide between PCP and Lease, and you've said you don't want to take advantage of the PCP - the option to buy at the end. Therefore you can simply look at the deals on offer, compare mileage, deposit size, term, and you're sortof judging both equally. Leases can include maitenance at a cost. Do NOT count on having equity at the end of any deal, it's not free money, it's just money you've already spent.

Is it even possible to use the words "Range Rover" and "cheap" in the same sentence ?

The word used was 'cheaper'.

motorguy

Rjhsteel wrote: »

So helpful! Do you know my new personal circumstances?

Idiot.

So your 'new personal circumstances' are you've kicked the can down the road a bit by remortgaging your house to pay off your creditors?

And now just two months later you want to take on ££,££££'s more debt on top of the debt you've just rolled in to your mortgage?

:eek:

Arklight

motorguy wrote: »

So your 'new personal circumstances' are you've kicked the can down the road a bit by remortgaging your house to pay off your creditors?

And now just two months later you want to take on ££,££££'s more debt on top of the debt you've just rolled in to your mortgage?

:eek:

Tbf he is starting to sound more and more like an Evoque customer. If there are any JLR reps on here maybe they can PM him with his finance options.

Rjhsteel

benbay001 wrote: »

You new circumstances are in your post history. You rolled your old debt into your house.
2 months later you want to get more debt.

Oh my god! Ha. Another idiot And I haven't come into money.....

So quick to criticize....

Rjhsteel

motorguy wrote: »

So your 'new personal circumstances' are you've kicked the can down the road a bit by remortgaging your house to pay off your creditors?

And now just two months later you want to take on ££,££££'s more debt on top of the debt you've just rolled in to your mortgage?

:eek:

That's 3 on the idiot count so far....

parking_question_chap
benbay001
motorguy

Rjhsteel

I'm not explaining my personal circumstances as to why I have come into more money, but you know, please feel free to judge, like the previous idiots...

I'm just looking for advice. Like most on here.