PCP Deal on a Skoda Octavia - Worth it?

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Sun 15 Mar 2015 09:50
PCP Deal on a Skoda Octavia - Worth it? - Chris1011

So I am trying to find the best deal on the Skoda Octavia Elegance 1.4 dsg with the following options -

Front parking sensors,
Sunset privacy glass,
Simply clever pack for variable boot floor - Octavia,
Metallic paint,
Crew protection assist and rear side airbags,
Keyless entry and keyless start,
Sports suspension

Cash price for this car is £22k
However on a PCP it is £23200

Terms are on £1500 deposit, 35months at £339 and 8000 per year.
Final payment of £9,900

Do you think this is a good deal?

Edited by Chris1011 on 15/03/2015 at 09:51

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Sun 15 Mar 2015 19:22
PCP Deal on a Skoda Octavia - Worth it? - RobJP

Having a VERY quick look on coast2coastcars.co.uk putting in those options, brings up a discounted price of £21368. If you could get finance on that basis price, then you'd be a fair bit better off.

The most critical points you don't mention though : interest rates, and what manufacturer and/or dealer contribution is forthcoming.

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Sun 15 Mar 2015 19:51
PCP Deal on a Skoda Octavia - Worth it? - Alby Back
Any deal where you pay out a fairly serious wedge every month for three years on a depreciating item and still don't actually own it wouldn't be for me.

Each to their own of course.
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Sun 15 Mar 2015 21:16
PCP Deal on a Skoda Octavia - Worth it? - Falkirk Bairn

Looks a lot cheaper here!!

www.buyanewcaronline.co.uk/new-cars/

seems to be about £50 + less per month on a higher spec L&K

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Sun 15 Mar 2015 21:27
PCP Deal on a Skoda Octavia - Worth it? - slkfanboy

Sounds like a furtune for only 8k per year. Merc 250CDI with 10K per year would only be £250. One issue is the 3yrs term, shorter would be better

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Sun 15 Mar 2015 22:03
PCP Deal on a Skoda Octavia - Worth it? - daveyjp
Are you going to provide the amount of despoit required to arrive at £250 a month on a £30k+ vehicle?

I expect it isn't as low as £1500.

OP always consider used, accepting it won't have all the options (which aren't reflected in the GMFV anyway). This car less than twelve months old is retailing at about £16,000.
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Sun 15 Mar 2015 21:28
PCP Deal on a Skoda Octavia - Worth it? - Chris1011

Looks a lot cheaper here!!

www.buyanewcaronline.co.uk/new-cars/

seems to be about £50 + less per month on a higher spec L&K

I cannot see it cheaper on the 1.4 DSG 0% PCP option

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Mon 16 Mar 2015 11:35
PCP Deal on a Skoda Octavia - Worth it? - cocorico

I’m with you. Paying £13365 for next 36 months and still not owning the car.

OP, if I were you I’d opt for 2 year Skoda Warranty Extension. If you’re intending to keep the car longer.

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Sun 15 Mar 2015 21:25
PCP Deal on a Skoda Octavia - Worth it? - Chris1011

This deal is through drive the deal and it's on a 0% interest plan.

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Mon 16 Mar 2015 11:24
PCP Deal on a Skoda Octavia - Worth it? - Avant

"Any deal where you pay out a fairly serious wedge every month for three years on a depreciating item and still don't actually own it wouldn't be for me."

Point taken, but you could also argue against paying out a five-figure wedge up front for an asset that will then depreciate over the time you keep it....and then no-one would ever again incue capital expenditure!

A zero- or low-rate PCP can be good if you have something better to do with your money. In Chris's case £339 pm sounds quite a lot for a 1.4 Octavia: my 2.0 Octavia vRS is also on a 0 % PCP and I'm paying only £359 a month after a £1,500 deposit. There may be better deals around.

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Mon 16 Mar 2015 14:32
PCP Deal on a Skoda Octavia - Worth it? - Chris1011

"Any deal where you pay out a fairly serious wedge every month for three years on a depreciating item and still don't actually own it wouldn't be for me."

Point taken, but you could also argue against paying out a five-figure wedge up front for an asset that will then depreciate over the time you keep it....and then no-one would ever again incue capital expenditure!

A zero- or low-rate PCP can be good if you have something better to do with your money. In Chris's case £339 pm sounds quite a lot for a 1.4 Octavia: my 2.0 Octavia vRS is also on a 0 % PCP and I'm paying only £359 a month after a £1,500 deposit. There may be better deals around.

Where did you get the deal from?

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Mon 16 Mar 2015 16:58
PCP Deal on a Skoda Octavia - Worth it? - Avant

Jewsons of Oxford, who are now Ridgeway Skoda. This was in 2013 so you may not get such a good deal now as offers keep changing. That said, the mark 3 Octavia was new out then and isn't so new now, so it'll be worth shopping around.

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Mon 16 Mar 2015 18:26
PCP Deal on a Skoda Octavia - Worth it? - Jes

How about this ? www.simpsonsskoda.co.uk/new-car-offers/octavia-vrs.../

VRS Diesel Hatch £1500 deposit, £199 p/m (23 month contract) free metalic paint and RFL, 8,000 miles p/a

Estate is another £200 deposit.

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Mon 16 Mar 2015 20:42
PCP Deal on a Skoda Octavia - Worth it? - Wee Willie Winkie

Simpsons do seem to do some stonking deals.

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