## PCP Figures

### PCP Figures

Had an email from the dealer today to say that they have access to the PCP system for financing the Honda E. He wanted to know how much i will putting down as a deposit so he can work out the numbers. I put it back to him as how much would I need to put down in order to keep the monthly costs below £400 and we can negotiate from there.

### Re: PCP Figures

Interesting. Keep me posted. I’m currently doing the £6k down with £350 per month. 8k miles three years

But negotiations ......

Let me know what your dealer comes back with

But negotiations ......

Let me know what your dealer comes back with

### Re: PCP Figures

I heard back from the dealer. Here are the numbers he gave me:

37 months on 8000 miles per year:

£4500 deposit gives £400 month

£6000 deposit gives £355 month

Tony

37 months on 8000 miles per year:

£4500 deposit gives £400 month

£6000 deposit gives £355 month

Tony

### Re: PCP Figures

Ok so similar to mine. That for the Advanced model? What about optional paint?

Thank you

Thank you

### Re: PCP Figures

Yes, that's the Advanced model in white. I need to pop in and pay a £600 deposit to start the process.

### Re: PCP Figures

It would be cheaper to get a bank loan for £24k and pay the rest cash (i.e. £4k down).

You get a better rate and you own the vehicle so no worries about PCP hand-back or mileage. The down side is that if you want to change after 3 years you have to sell it privately and take a gamble on what the residuals will be.

Anyone had quotes for servicing?

You get a better rate and you own the vehicle so no worries about PCP hand-back or mileage. The down side is that if you want to change after 3 years you have to sell it privately and take a gamble on what the residuals will be.

Anyone had quotes for servicing?

### Re: PCP Figures

Rei - interested in what you say about loans. Do you have some example figures?

A quick check of a comparison website (I will use the £4500 and £6000 deposit numbers given above):

£4500 down is £420 per month over 5 years (£20 more per month)

£6000 down is £395 per month over 5 years (£40 more per month)

I need to give this some thought.

A quick check of a comparison website (I will use the £4500 and £6000 deposit numbers given above):

£4500 down is £420 per month over 5 years (£20 more per month)

£6000 down is £395 per month over 5 years (£40 more per month)

I need to give this some thought.

### Re: PCP Figures

£4,500 down on an Advance at 2.9% over 7 years (TSB or Sainsburys) comes out at £309/month.

£6,000 down gives you £288/month.

We are talking about the Advance, right? Not the base model.

£6,000 down gives you £288/month.

We are talking about the Advance, right? Not the base model.

### Re: PCP Figures

Rei - yes we are talking the Advance. Obviously the length of repayment on the loan is one of the key variables.

### Re: PCP Figures

Another advantage of a bank loan, you can have a much longer period so you don't pay for the initial high depreciation in your monthly payments.

I use 7 years because that's how long the warranty is typically, although Honda do 8 years.

I use 7 years because that's how long the warranty is typically, although Honda do 8 years.