This is one of the reasons PCP agreements are liked so much by the car dealers.
I look once at a new car in a showroom, I even ask what the part exchange + cash price/deal would be. I was told by the sales leader, oh!, that price is for the car is the PCP price then he went on the explain what happens. He buys my car(so I will have ££££'s in my hand), then I would take out a PCP agreement, give him the deposit. When I said I don't want a PCP deal, he said, Oh, it's okay you can pay it off in 3 months without any problems!
Three guesses who gets hefty commission from the PCP company!
2012 Citroen C5 X7: stick or replace with C5X?
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Sloppysod
- Moderating Team
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Re: 2012 Citroen C5 X7: stick or replace with C5X?
Stu 
"Some cause happiness wherever they go, others whenever they go"Oscar Wilde (1854-1900)
"Some cause happiness wherever they go, others whenever they go"Oscar Wilde (1854-1900)
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DS9
- (Donor 2025)
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Re: 2012 Citroen C5 X7: stick or replace with C5X?
Yeah they do, its a scam, but like you say once you take it out you can pay it off in full. Still, after doing that it's probably going to be an awful deal.
I've followed leasing for a while and the gold standard is new cars with a total 2yr lease cost less then 20% of rrp, theres always a few out there. It's not the way I choose to go because it adds cost and I'm not bothered about swapping cars regularly, but for those who do you can get some great deals. About the best scenario would be someone with a 50-150 miles commute, and the ability to get sub 10p kwh electricity at home and go full electric. The long term worries about battery degradation etc wouldnt apply because it's somebody else's problem in the future.
I've followed leasing for a while and the gold standard is new cars with a total 2yr lease cost less then 20% of rrp, theres always a few out there. It's not the way I choose to go because it adds cost and I'm not bothered about swapping cars regularly, but for those who do you can get some great deals. About the best scenario would be someone with a 50-150 miles commute, and the ability to get sub 10p kwh electricity at home and go full electric. The long term worries about battery degradation etc wouldnt apply because it's somebody else's problem in the future.