| I have honestly never seen more Range Rovers on the roads. 12:15 - Mar 4 with 6524 views | Coco |
Not everyone is struggling right now. |  |
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| I have honestly never seen more Range Rovers on the roads. on 12:16 - Mar 4 with 4496 views | Reuser_is_God |
Most people driving them have probably racked up a massive debt to get one. |  |
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| I have honestly never seen more Range Rovers on the roads. on 12:28 - Mar 4 with 4460 views | Kievthegreat |
They aren't selling any more, they just improved the reliability so only 40% are in a garage or broken down at any one time. |  | | |
| I have honestly never seen more Range Rovers on the roads. on 12:32 - Mar 4 with 4428 views | chicoazul |
Cars phones etc are easier to finance than ever. Money is cheap. |  |
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| I have honestly never seen more Range Rovers on the roads. on 12:34 - Mar 4 with 4417 views | uefacup81 |
As the others have already said - cheap finance.
When the current bubble eventually bursts, you'll have never seen so many Range Rovers being flogged on the cheap. |  |
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| I have honestly never seen more Range Rovers on the roads. on 12:35 - Mar 4 with 4412 views | footers |
Which part of Chelsea do you live in? |  |
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| I have honestly never seen more Range Rovers on the roads. on 12:41 - Mar 4 with 4382 views | Harry_Palmer |
Some of these are no doubt company cars but there are a great many people driving around in Cars they can't really afford. PCP deals are a great way of persuading people that they can though. |  | | |
| I have honestly never seen more Range Rovers on the roads. on 12:45 - Mar 4 with 4353 views | Pendejo |
| I have honestly never seen more Range Rovers on the roads. on 12:16 - Mar 4 by Reuser_is_God |
Most people driving them have probably racked up a massive debt to get one. |
Living in London, as I do, it never ceases to amaze me how many expensive new cars are on the roads despite the average property requiring a wage of over £100k {@ 3.5 x salary lending rules}... as you say massive debts racked up. |  |
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| I have honestly never seen more Range Rovers on the roads. on 13:22 - Mar 4 with 4272 views | factual_blue |
| I have honestly never seen more Range Rovers on the roads. on 12:41 - Mar 4 by Harry_Palmer |
Some of these are no doubt company cars but there are a great many people driving around in Cars they can't really afford. PCP deals are a great way of persuading people that they can though. |
Forced into it, I gather by the School Gate Mafia. |  |
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| I have honestly never seen more Range Rovers on the roads. on 13:26 - Mar 4 with 4262 views | EJP |
| I have honestly never seen more Range Rovers on the roads. on 12:34 - Mar 4 by uefacup81 |
As the others have already said - cheap finance.
When the current bubble eventually bursts, you'll have never seen so many Range Rovers being flogged on the cheap. |
When I was looking to get a new car last year, I could have got a contract deal on an Evoque, £349 deposit, £349 per month.
I didn’t. |  | | |
| I have honestly never seen more Range Rovers on the roads. on 13:36 - Mar 4 with 4226 views | ElephantintheRoom |
That's because a lot of them aren't range rovers. Time was when there was only one range rover. First chavs were targeted with a discovery rebadged as a range rover called a sport. Then idiots with more money than sense with absolutely no taste were targeted with a discovery that an elephant had sat on rebadged as an evoque. Nowadays you can get several different actual range rovers as well. The top 10% have more money, more houses and more range rovers than they used to have. Paying less tax helps too. |  |
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| I have honestly never seen more Range Rovers on the roads. on 13:39 - Mar 4 with 4198 views | eireblue |
| I have honestly never seen more Range Rovers on the roads. on 12:41 - Mar 4 by Harry_Palmer |
Some of these are no doubt company cars but there are a great many people driving around in Cars they can't really afford. PCP deals are a great way of persuading people that they can though. |
Cars are a depreciating asset.
If you going to buy a car, financially, doesn’t it make more sense to lease or use PCP. |  | | |
| I have honestly never seen more Range Rovers on the roads. on 13:40 - Mar 4 with 4194 views | ITFC_Forever |
Those ones with the off-centre rear number plate should immediately be removed from the roads. |  |
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| I have honestly never seen more Range Rovers on the roads. on 13:55 - Mar 4 with 4149 views | clive_baker |
A lot of people seem to have the Evoque model, and they're utter guff to drive and purely launched at those people desperate for a RR but can't really afford a proper one.
I don't see the need for such a big car as a full on Range myself, unless you're a farmer and you've got a proper Discovery etc. Must be a pain to park in town centres. |  |
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| I have honestly never seen more Range Rovers on the roads. on 14:03 - Mar 4 with 4116 views | C_HealyIsAPleasure |
| I have honestly never seen more Range Rovers on the roads. on 13:39 - Mar 4 by eireblue |
Cars are a depreciating asset.
If you going to buy a car, financially, doesn’t it make more sense to lease or use PCP. |
Absolutely this |  |
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| I have honestly never seen more Range Rovers on the roads. on 14:12 - Mar 4 with 4088 views | SaleAway |
| I have honestly never seen more Range Rovers on the roads. on 13:39 - Mar 4 by eireblue |
Cars are a depreciating asset.
If you going to buy a car, financially, doesn’t it make more sense to lease or use PCP. |
Clearly not for everyone....
if everyone PCPd a new car every 3 years, the bottom would drop out of the 2nd hand market, cars would depreciate much more over a short term, and PCP payments would shoot up...
There's clearly a market for both... I've always bought 2nd hand cars... don't want too much value tied up in something that someone else could easily damage. | |
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| I have honestly never seen more Range Rovers on the roads. on 14:12 - Mar 4 with 4085 views | Andrew4445 |
| I have honestly never seen more Range Rovers on the roads. on 14:03 - Mar 4 by C_HealyIsAPleasure |
Absolutely this |
Not necessarily, the PCP or lease payment is the depreciation plus a % profit. So, in some ways you are better off buying it over a slightly longer period and then owning it through the periods of little if any depreciation.
Also, buy 3 years old and you can't go wrong. | | | |
| I have honestly never seen more Range Rovers on the roads. on 14:32 - Mar 4 with 4038 views | Harry_Palmer |
| I have honestly never seen more Range Rovers on the roads. on 13:39 - Mar 4 by eireblue |
Cars are a depreciating asset.
If you going to buy a car, financially, doesn’t it make more sense to lease or use PCP. |
Leasing probably more so, with a PCP you are usually paying interest as well and how many people actually pay the 'balloon payment' to own the car at the end?
My point was more about people stretching their monthly budget to the max with a PCP to get an Audi/BMW etc. to keep up with the Jones's. I know plenty of people who do this. | | | |
| I have honestly never seen more Range Rovers on the roads. on 14:34 - Mar 4 with 4028 views | hampstead_blue |
they are cheap to buy second hand.
Not cheap to run though..... |  |
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Those who assume and insist they know are daft and in denial.
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| I have honestly never seen more Range Rovers on the roads. on 14:39 - Mar 4 with 4004 views | Lesta_Tractor |
| I have honestly never seen more Range Rovers on the roads. on 12:16 - Mar 4 by Reuser_is_God |
Most people driving them have probably racked up a massive debt to get one. |
or have got them on a lease |  |
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| I have honestly never seen more Range Rovers on the roads. on 14:44 - Mar 4 with 3989 views | Swansea_Blue |
| I have honestly never seen more Range Rovers on the roads. on 14:12 - Mar 4 by Andrew4445 |
Not necessarily, the PCP or lease payment is the depreciation plus a % profit. So, in some ways you are better off buying it over a slightly longer period and then owning it through the periods of little if any depreciation.
Also, buy 3 years old and you can't go wrong. |
Agreed. I've always found it a lot cheaper to buy nearly new to 2/3 yrs old and then hang on to it for a while. As you say, PCP is just a way of paying the depreciation for the dealership. Each to their own though. |  |
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| I have honestly never seen more Range Rovers on the roads. on 14:54 - Mar 4 with 3969 views | ITFC_Forever |
| I have honestly never seen more Range Rovers on the roads. on 14:32 - Mar 4 by Harry_Palmer |
Leasing probably more so, with a PCP you are usually paying interest as well and how many people actually pay the 'balloon payment' to own the car at the end?
My point was more about people stretching their monthly budget to the max with a PCP to get an Audi/BMW etc. to keep up with the Jones's. I know plenty of people who do this. |
Ha, I've just finished a PCP on a VW Passat and have just got a new one on a BMW.
Car is 4 years old, and payments are affordable.
But having not owned my own car for over 20 years, (having had company cars until 4 years ago), not owning the car doesn't bother me - it's all I know.
And I'm quite happy to pay the PCP, reject the balloon payment and start again in 4 years time or less as the dealership will want to keep my business. [Post edited 4 Mar 2019 15:15]
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| I have honestly never seen more Range Rovers on the roads. on 14:59 - Mar 4 with 3950 views | No9 |
| I have honestly never seen more Range Rovers on the roads. on 12:34 - Mar 4 by uefacup81 |
As the others have already said - cheap finance.
When the current bubble eventually bursts, you'll have never seen so many Range Rovers being flogged on the cheap. |
There are some massive RR discounts being offered by dealers.
Obviously RR/Jag have a lot sitting around they need to shift | | | |
| I have honestly never seen more Range Rovers on the roads. on 15:00 - Mar 4 with 3947 views | TIB |
| I have honestly never seen more Range Rovers on the roads. on 13:39 - Mar 4 by eireblue |
Cars are a depreciating asset.
If you going to buy a car, financially, doesn’t it make more sense to lease or use PCP. |
I'd agree. Had the whole buying a car outright vs PCP/HP debate with a friend the other day. He's always gone secondhand but feels now it might make sense to spend less on a deposit on a new car and have security of warranty / servicing over spending a bigger amount upfront on something with little to no warranty. |  |
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| I have honestly never seen more Range Rovers on the roads. on 15:06 - Mar 4 with 3928 views | Swansea_Blue |
| I have honestly never seen more Range Rovers on the roads. on 15:00 - Mar 4 by TIB |
I'd agree. Had the whole buying a car outright vs PCP/HP debate with a friend the other day. He's always gone secondhand but feels now it might make sense to spend less on a deposit on a new car and have security of warranty / servicing over spending a bigger amount upfront on something with little to no warranty. |
You always pay more with new cars on finance deals, it's simple maths. You're paying for the largest period of depreciation and a cut on top for the dealer/financier. It might be more affordable from monthly outgoings point of view, but it's not better value. Nothing wrong with it as long as it's affordable of course, and that may be the only way some people could afford a new car. That's' the whole point - in the US for example it's been commonplace for a lot longer than here. The manufacturers have to keep finding ways to shift their new vehicles. | |
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| I have honestly never seen more Range Rovers on the roads. on 15:09 - Mar 4 with 3911 views | Kieran_Knows |
| I have honestly never seen more Range Rovers on the roads. on 14:54 - Mar 4 by ITFC_Forever |
Ha, I've just finished a PCP on a VW Passat and have just got a new one on a BMW.
Car is 4 years old, and payments are affordable.
But having not owned my own car for over 20 years, (having had company cars until 4 years ago), not owning the car doesn't bother me - it's all I know.
And I'm quite happy to pay the PCP, reject the balloon payment and start again in 4 years time or less as the dealership will want to keep my business. [Post edited 4 Mar 2019 15:15]
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