Yes perfectly possible to trade in a PX but most or all of the value of it will disappear in reduced payments over the term. So at the end you have no deposit.
At the end the same options apply.
Age limits: usually yes but they will vary. "Approved used" cars almost always available on PCPs. Often a new car is a better deal if it has manufacturer supported finance or "deposit contributions" aka discounts____
Gone: 10MY L320 RR Sport HSE, Ipanema Sand
Gone: 20MY Jaguar iPace HSE, Silicon Silver
Gone: 17MY RR Evoque SE Tech, Loire Blue
Gone: 08MY Discovery 3 XS, Stornoway Grey
Gone: 07MY FFRR TDV8 Vogue, Stornoway Grey
21st Jan 2016 5:14 pm
DG Site Moderator
Member Since: 12 Dec 2005
Location: The Gaff
Posts: 50978
TBH I'm not the best person for a wider view on what is currently available Bill .. perhaps worth having a chat either with your dealer or maybe MHC Finance (username Kam100 on here) 21 year LR veteran > D2 GS 2003 > D3 S 2006 > D3 HSE 2009 > D4 HSE 2013 > D4 HSE 2015 > D5 HSE 2018 > DS HSE R-Dynamic P300e 2021
21st Jan 2016 5:17 pm
SN
Member Since: 03 Jan 2006
Location: Romiley
Posts: 13710
My two D3's were both bought on PCP's but in massively different circumstances
The first was a somewhat rash "gotta have" buy for a 2006 S - my tin foil Citroen people carrier was a £10K deposit with the remainder £22k on a PCP with a £16K GFV
Run the clock forward to those dark days end of 2008 beginning of 2009 and I too got lucky
The £16K GFV motor was now worth but £12K and I offered LR that much for it - they refused so I handed it back (after a serious buffing to get rid of bramble rash) effectively escaping a £4K negative equity situation and then won again by picking up a 1 year old 2008MY SE for £21K - £5K less than it was on the official LR used list and a full £19K less than it sold for 12 months previous - and I did that on a 3 year PCP with only an £8K GFV - bought it outright at the end in 2012 and got three years of free motoring before WBAC'ing it for £2K more than the GFV three years previous
But this time I wanted to own one because I want to 'drill holes in it' so PCP was out, which meant a D4 was out, which is why I'm now a gypo but a gypo paying only £300+ a month with a five year warranty on a bomb proof motor!Steve N | 21MY Defender | 08MY Discovery 3 (history) | 06MY Discovery 3 (ancient history)
21st Jan 2016 5:47 pm
Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7441
Bill Wright wrote:
I've read the above with a great deal of interest. I've never had a car on a loan or lease or whatever name the deals go by. I've always paid the full amount on the day of delivery and taken the hit on the depreciation each time. Preamble over.
Is it possible/feasible to put my vehicle in as the deposit on a PCP plan and have a GFV to pay at the end of three years if the value of the vehicle trade-in is about £36k. What would be the form at the end of three years, assuming I had fulfilled all the terms of the contract (mileage/condition & etc.)? Is there any age restriction on these plans?
When I set my PCP up in September 2015, the largest deposit that they would take was 50% of the value of the car, including factory fit options.
However, under LR finance terms, once you've made the first installment there's nothing to stop you making lump sum payments to clear everything but the lump sump payment due at the end of the term. For every additional payment that you make your account is credited for all of the interest saved by that early payment, although they do keep the equivalent of 2 month's interest by way of their compensation.2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: 2 x FL2 as “second” cars 🙄
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
21st Jan 2016 8:33 pm
Bill Wright
Member Since: 03 Nov 2007
Location: Glorious Devon
Posts: 3254
Never take life too seriously. Nobody gets out alive anyway.
D4 SDV6 SE Tech Kaikoura Stone MY15.
21st Jan 2016 8:45 pm
jim4244
Member Since: 05 Oct 2012
Location: UK
Posts: 374
I think that the current JLR PCP rate of 6.9% is on the high side, especially when you consider that the BoE base rate is just 0.25%
Has anyone purchased their Landie using a better rate PCP from a third party company?
Jim
19th Feb 2016 1:37 pm
Pelyma
Member Since: 06 Jan 2005
Location: Patching, Sussex
Posts: 15496
Its not just about APR though, it depends on what amount is being repaid versus the total amount borrowed. I did a Lloyds Bank PCP quote, which from memory was about 4% APR, Land Rover had lower repayments.DS3 TDV6 HSE - Silver with Alpaca (old one) Gone
DS3 TDV6 HSE- Silver with Alpaca (new one) Gone
D4 HSE Lux - Montalcino Red Gone
Porsche Cayenne V8 Diesel S
19th Feb 2016 2:50 pm
Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7441
jim4244 wrote:
I think that the current JLR PCP rate of 6.9% is on the high side, especially when you consider that the BoE base rate is just 0.25%
Has anyone purchased their Landie using a better rate PCP from a third party company?
Jim
It was 7.9% when I took mine out in September, but I was able to take LR up on their £3,000 subsidy by taking out PCP, which made it very cheap money! Is that subsidy still available to offset the 6.9%?2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: 2 x FL2 as “second” cars 🙄
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
19th Feb 2016 7:02 pm
countrywide
Member Since: 16 Sep 2007
Location: UK
Posts: 6019
In my limited view, unless the car drops below the GFV the PCP is of no real benefit unless you get a manufacturer incentive above any discount you have already agreed. You can go to a bank, borrow the same money at a lower interest rate with no set up fees etc and extend the term so that at three years your loan balance is the same as the GFV. If you then part exchange or keep it, you are in the same place as the PCP. The only difference is there is no option to hand it back, you have to sell it to a dealer or privately. In 2008 you would have been better to hand it back as the GFV was more than it was worth, but not seen that since.
A few months ago I sold my Jaguar XF to a Jag dealer as a.cash sale for more that Land Rover would offer in part exchange.
It all depends on the deal they offer as a package in my view. Other benefit of a persoanl loan is there is no HPI register on the car so you can sell privately quicker as it takes a little while for the HPI register to update to clear finance.
20th Feb 2016 9:29 am
Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7441
That's a lot of money to borrow from the bank on an unsecured basis for many and even if your bank will agree, it leaves little headroom for future borrowing for unforeseen emergencies.
At least the PCP may be easier to get credit acceptance on (the PCP company having a lot of security by way of owning the car), while it can leave your borrowing capacity at the bank untouched and available for a rainy day.2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: 2 x FL2 as “second” cars 🙄
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
20th Feb 2016 10:49 am
DG Site Moderator
Member Since: 12 Dec 2005
Location: The Gaff
Posts: 50978
Me go to dealer ...me drive away with car ...me not worry ...you worry for me 21 year LR veteran > D2 GS 2003 > D3 S 2006 > D3 HSE 2009 > D4 HSE 2013 > D4 HSE 2015 > D5 HSE 2018 > DS HSE R-Dynamic P300e 2021
20th Feb 2016 10:55 am
Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7441
Oh, the joys of being cash rich! 2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: 2 x FL2 as “second” cars 🙄
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
20th Feb 2016 11:21 am
DG Site Moderator
Member Since: 12 Dec 2005
Location: The Gaff
Posts: 50978
Not aimed at you RM I have pcp 21 year LR veteran > D2 GS 2003 > D3 S 2006 > D3 HSE 2009 > D4 HSE 2013 > D4 HSE 2015 > D5 HSE 2018 > DS HSE R-Dynamic P300e 2021
20th Feb 2016 12:32 pm
Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7441
I had visions of you going into the dealer with wads of tenners! 2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: 2 x FL2 as “second” cars 🙄
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
20th Feb 2016 12:36 pm
Dave T
Member Since: 03 Jul 2009
Location: Glasgow
Posts: 6910
I think the PCP works as long as you set the final payment low, the one on my present D4 is 13k so leaving plenty for a deposit even if I end up with dealer trade in price.Joined the BMWX5 45e group
1994 Defender 90
2015 RRS Corris Grey/Black roof
2016 D4 Graphite Santorini Black
2012 D4 XS Orkney Grey
2005 D3 S Maya Gold
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
but a gypo paying only £300+ a month with a five year warranty on a bomb proof motor!
| 08MY Discovery 3 (history) 
I have pcp 
