I would like to have a bit of advice on buying a new Kadjar GT Line £28,500. Went to dealership today and on the PCP deal after showing me the paperwork I questioned the depreciation value percentage of 67% after 4 years for 18k miles per annum, this seems an extremely large amount in my opinion? Any input welcome
I’m not too worried about depreciation as I’ve got Friends and Family discount so can get a good deal but I agree 40% or even just over 50% depreciation I was expecting but I think 67% is more than anyone should expect. Cheers
I personally have never used PCP Finance but in principle I guess it is a good idea.
What you need to remember is the Finance Company and the Dealer still want to make money out of you so I am guessing you make higher monthly payments, because of quoted mileage, then at the end of the contract, if you give up the car, the dealer gets a better price to resale the car. No doubt there are methods built in to screw you further.
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