Advert for Toyota Aygo in todays paper says if I buy one for £9500 I'll get £2900 back in 3 years time. Is this meant to be good?
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Is this a guaranteed trade in value or a guaranteed Future Value on a leasing scheme or what? Most cars are around 50% depreciation over 3 years so that would make this worth around £4,750 so £2,900 seems a bit mean.
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I thought FB meant that you get to keep the car AND got £2,900 after 3 years and I still didn't think it was a very good deal!
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Its the future minimum value, which in reality means its also the future maximum value! £200 a month depreciation,thats 70% loss, for a brand new designed,supposedly quality small car seems ridiculous!
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Why is it 'in reality the maximum value'? No one knows what the maximum value will be, but according to What Car the Aygo is one of the lowest depreciating small cars, retaining something like 60% of it's value after 3 years.
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In my PCP contract, it explicitly states that should the car, upon it's return to the lease company, be worth more than the guaranteed value, then the lease company will retain the whole sum realised upon selling the car. I can't recall the wording, but it's something like 'as recognition of having been kind enough to lend you the car for three years'.
Of course it's not a future maximum value if you chose to pay the balloon and then sell the car on privately, but that's a different matter.
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In my experience, people I know who have had pcp deals have only ever got the minimum figure. When the've raised the point with the dealer that when they took out the contract they were told 'but you should get more than the minimum', they hae been told that the market is suppressed etc. The Aygo is clearly not one of the lowest depreciators if Toyota themselves only value it at 30% of its new cost in 3 years time! Mind you I remember going to the launch of the Fiat stilo when a new one was £13000,and the future value was £2500!
I would like to know however,which cars people have bought on pcp terms which have actually exceeded their guaranteed values by a decent margin.
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I don't see how the Aygo *can* be a slow depreciator.
One of the biggest contributing factors in early depreciation is how much new cars tend to be discounted by, and the Aygo is a heavily-discounted model (it was always inevitable that this was going to happen; Citroen are arch discounters, and their C1 is the same as the Aygo so Pug/Toyota have to discount similarly to sell any cars at all).
Buy at the discounted prices and you'll be paying very little for the car over three years. Buy at full whack and you'll be stung.
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I mentioned it in another thread that our local (Chester) Citroen dealer was advertising (a couple of weeks ago) C1's for £99/mth, with a final value figure of around £4500!!
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