I had a look at one of these today, I must admit they are seriously cool cars!
The dealership happened to have a high up bod from Citroen there and they basically told me that if I wanted them to source me a second hand one of these with low miles then it would not be too much trouble (indicating there are a lot of these on the books for citroen), I would like to take out a pcp on one of these, does anyone how hard I should push for a good deal? would I have Citroen over a barrel for these, i can't imagine there would be too much demand for one?!
Kush
{edited to remove double entry of make/model in the header - DD}
Edited by Dynamic Dave on 31/10/2007 at 13:57
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Suggest you price it against a Laguna or 607, which would be its closest competition.
Ask yourself how long you intend to keep it - the market is unlikely to love used C6s any more than it does any other large, middle-aged, French barge. But I agree, compared to most new models, they do have a certain presence!
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True, I would probably keep it for 3 years on a pcp and maybe renew the pcp after this time if they offer it to me for next to nothing i suppose.
but after three years i reckon it would have fallen apart!
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I'll have it when you come to sell it after 6 years.
It is a seriously, seriously cool car. It's Paul Weller.
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It is a seriously seriously cool car. It's Paul Weller.
You mean stuck in a Jam somewhere? Groan.
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>> It is a seriously seriously cool car. It's Paul Weller. You mean stuck in a Jam somewhere? Groan.
No he means it looks good in Woking
------------------------------
< Ex RF, Ex TVM >
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......"in Woking" - and in the City with all those mod cons.
Edited by Round The Bend on 31/10/2007 at 14:53
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A PCP makes good financial sense only if you are certain that you won't need to change the car during the period, and if the residual price is good. Reason - the finance company owns the Guaranteed Future Value (GFV) section of the car throughout the run of the PCP, so you don't pay the interest on that section of the 'loan'.
So, if the GFV is £7k on a £20k car (as mine was), then the deal makes sense. It was actually cheaper for me to buy my Accord this way than a relatively equivalent Ford, as the GFV was higher (A mondeo losing more over the three years).
Of course, I'll owe more at the end of the 3 years when I buy it, but I'll be more in a position to pay then than now.
For a C6, I'd be tempted to go and find out the cheapest loan you could got on Martin Lewis' site, then go and haggle hard on the cash price.
Very cool car tho, I'd love one.
P.S. this is only my understanding of how it works - check with someone that knows before taking any advice!!
Edited by Gordon M on 31/10/2007 at 14:15
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I think that is spot on, on the way the PCP works, unfortunatly I can't do the loan option, because as a condition of me getting the allowance to pay for the car from work, i have to take out a pcp!
Surely this is against my human rights!
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Have to agree something refreshingly different about these cars, some lovely cream leather interiors and very dark and sleek body colours/contours.
Quiet, powerful, very smooth to drive but i wouldn't consider one out of warranty, is this the most complicated car made?
If i could have one as a company car, i certainly would.
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I would query that condition. A PCP is one of the most inescapable contracts you can take out. As I know, having had a painful 6 months where I had to continue paying a PCP while on almost zero income while setting up a new company.
I'd refuse to take out a personal PCP relying on an allowance without clear clauses that the company had to continue to pay the allowance for the term of the PCP, regardless of your employment status with them. If they won't go for that, then walk away from the whole deal. It'll be you that would lose, not them.
I also can't understand why they would insist on PCP. The standard contract doesn't include maintenance, which is presumably the thinking? Very odd.
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They insist you take out maintainance contract and suggest early termination insurance!
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That sounds very weighted against you to be honest. I'd be very wary!
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A company car would be better as you could dump it on exit
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Lovely car. Just a shade too big.
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A company car would be better as you could dump it on exit
You might not want to if (as so often) the car was about a million times better than the job...
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when i went to order a c4 piccasso the other day i had another nose about 3 c6's they had. i really really want one. seriously cool i think. beautiful interiors and well put together by the look of it
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- the finance company owns the Guaranteed Future Value (GFV) section of the car throughout the run of the PCP so you don't pay the interest on that section of the 'loan'.
Not quite correct - other things (i.e. the APR) being equal the higher the residual or GFV, the more interest you will pay - what you don't pay on the GFV is capital repayments which is why the monthly payments are lower.
I wouldn't preach a position on this, as people have different attitudes to debt, commitments and risk - but you need to think about PCP very carefully - it can be expensive (even a low APR is applied to the whole of the debt outstanding including the GFV) .
If you have the payments covered by an allowance then perhaps you wouldn't be concerned although as has been said, during much of the contract the value of the car will be less than the settlement figure if you need to terminate. You can get gap insurance to cover this if the car is written off - but shop around, the dealer's offer on gap insurance is usually very expensive.
You can buy payment protection insurance to provide some cover if you are made redundant or can't work through illness - again don't buy with the loan, shop around for a direct PPI / income replacement policy that meets your needs and will be much cheaper.
Edited by Manatee on 31/10/2007 at 18:52
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