The deposit for a PCP deal on a 2013 Fiat 500L is £1600, is this reasonable?

The deposit for a PCP deal on a 2013 Fiat 500L is £1600. Is this reasonable?

Asked on 1 October 2017 by J Rowell

Answered by Honest John
Depends on what you will then pay monthly, totalled up, and the Guaranteed Future Value on the car. Say the car is listed at £16,000, they want £1600 down on a three year plan, the GFV at the end will be £6000, and the monthly payment will be £260. You'll have effectively paid £16,950 for a £16,000 car with no discount.
Tags:
Similar questions
If I park on a wide pavement with double yellow lines painted on the road an I technically parking on double yellow lines? My son parked his van on a wide pavement so wasn't blocking either the pavement...
Should I buy a 2017 Lexus which has five Lexus dealer services in the record although there's a gap of 3 years? The car is being sold by a Lexus dealer.
I am looking at a Toyota Yaris, the car will not be used in the winter months and garaged. Will this affect the life of the lithium batteries if not used for four months each year?
 

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 12% on GAP Insurance

Use HJ21 to save on an ALA policy

See offer