JimmyGlen 13 Posted November 1, 2018 Afternoon Gents, Has anyone else experienced £250/pm budget customers with expectations of being in a position to buy cars with a £20k value? We are getting loads of it just now. I know the telly & radio full of brand new cars from 299pm (and less!), but its often the bog standard model, with no extras and with 3 upfront payments along with 8k pa mileage allowance. Problem is, the customers are only hearing the monthly payment and then expecting a used M135, Golf R etc to be cheaper. Share this post Link to post Share on other sites
Rory RSC 596 Posted November 1, 2018 A lot of those headline deals at main dealers are on boggo models so then they get you in and for a grand down plus 25 a month more you get the SXI - S Line etc... it’s get you through the door stuff mainly. They can’t do simple maths. Want 5 year hp with £0 deposit and expect a car for less than the total purchase price before interest. that being said with nice stock you can offer attractive pcp deals to suit cars with strong residuals and market them strongly. 1 Share this post Link to post Share on other sites
David Horgan 564 Posted November 1, 2018 Got some of those here too £200 a month for £15,995 motor over 60 months , no deposit , gave guy the calculator and he hadn't a clue 1 Share this post Link to post Share on other sites
Area 51 33 Posted November 1, 2018 1 hour ago, David Horgan said: Got some of those here too gave guy the calculator and he hadn't a clue Think that is the answer right there.. not a clue - never mind a pot Share this post Link to post Share on other sites
Dave2302 387 Posted November 2, 2018 12 hours ago, Area 51 said: Think that is the answer right there.. not a clue - never mind a pot LIKE Share this post Link to post Share on other sites
Contracts 68 Posted November 2, 2018 Sorry guys, head above the parapet but this is a business we are in, PCH, 3 up front then 23 months at £££ with 8k miles per year. Has been a market changer with lots of private people swapping from older cars and PCP’s over the last couple of years but in reality the promotional offers have not really been as good this year. One example 18 months ago was a new Golf GTI 5dr, £2000 down, £79.99 per month for two years then hand it back. Restrictions are 8,000 miles per year and you need to add VAT but ideal for someone on monthly payments. I think the Golf R promotion was the game changer as it was £500 down then £175 a month, hence all the Lapis blue basic Golf R’s in the block last year. Sadly so many people live on this benchmark and no one can repeat it. As a quick heads up, there are hundreds of year old Discovery Sport Black Editions coming off a one year promotion at the moment and they are heading south of £30k trade. Share this post Link to post Share on other sites
EPV 631 Posted November 2, 2018 I was very close to becoming a Lapiz blue golf r owner, those deals were legendary. I went with a 435i vert instead. Lovely cars to look at those R’s. Share this post Link to post Share on other sites
Mark101 536 Posted November 2, 2018 19 minutes ago, EPV said: I went with a 435i vert instead. Right 19 minutes ago, EPV said: Lovely cars to look at those R’s. Wrong Share this post Link to post Share on other sites
EPV 631 Posted November 2, 2018 Pfff, what do you know, you’re from the midlands Share this post Link to post Share on other sites
Mark101 536 Posted November 2, 2018 5 minutes ago, EPV said: Pfff, what do you know, you’re from the midlands Arr Bostin lyke Share this post Link to post Share on other sites
