Thinking of buying new Clio on 0% - good deal?

matt1987

Bristol street motors round by us are doing the new Fiesta Style 08 plates for 6495. If you purchase through Ford finance its 7.9%apr which is a fairly good deal. I wouldnt touch Renault with a barge pole. Fiesta is a lot cheaper too!!!

matt1987

Forgot to add, you can choose how long you want to pay it off, and you dont have to find a deposit.

I am looking into this deal at the moment but they offered me some stupid price for my older ford fiesta as part exchange. Im currently selling my old fiesta to raise some money towards it, and have already got £1000 to go towards it. Iv chosen to pay it in 24 months, which isnt bad... and you actually own the car at the end of the term... all you pay is a £10 admin charge on your last months bill.

piggeh

Renaults are not that unreliable in my opinion really - however, if you have a problem with a car and take it to Renault, you will ifnd they are one of the most incompetent bunch you could come across - able to do regular stuff like an oil change but anytihng slightly out of the ordinary and it will probably never be fixed.

Cars are ok though (although I think there's better value elsewhere - Kia/Hyundai standing out atm)

piggeh

this would be a better deal

http://www.new-car-discount.com/cardetail/37274/

working on 8% interest for a loan its £180 per month, but you get a better specced car backed up by a 7 year warranty in case anything goes wrong.

mitchaa

You can get a brand new renault clio freeway model for £99pm with no deposit payment. It's been advertised for the last month or so.

matt1987

mitchaa wrote: »

You can get a brand new renault clio freeway model for £99pm with no deposit payment. It's been advertised for the last month or so.

There is probably a catch though.

mitchaa

matt1987 wrote: »

There is probably a catch though.

Nope

http://www.renault.co.uk/offerdisplay.aspx?id=offer1

Hand the car back at the end of the 5 yrs or pay the optional fee. This is PCP finance.

matt1987

But surely thats just like leasing? Thats a catch to me. I would rather do what Ford are offering. You know what your going to pay every month, you set the term, and you own the car after you have paid your monthly payments.

loskie

albertross wrote: »

Why does the business venture need a brand new car? What happens if it flops?

Yeah.

What he said why a brand new car?

matt1987

I dont think i would touch that Clio deal though......