Take a no option car at £45k after discount and assume it's worth £25k against another one at £5k off after three years and is ok really.
Residuals used to be strong until about 5 years ago when lots of people got burned on wildly optimistic estimates. Risk and finance folk now take a pessimistic view. If we smart at the monthlies at least we don't have to pay to give a car back.
(Try an independent finance broker, by the way.)
The cost of options scuppers that one though and I don't think Maserati will be selling too many base models.
Most E class, 5 series go out with only metallic and nav as options.
Maserati will look at this globally, the UK market has higher depreciation than other markets, maybe that says something about how we value things in the UK?
Unfortunately it is the pessimists that are closet. The residual value figure quoted is £20,750. So on this PCP I'd pay a £10k deposit, than 36 x 1k. So it would cost me £46k over the three years. Which I think is a lot for a car that's only £58k new, especially given how cheap money can be borrowed right now.
Of course, the car may well (and in fact should) be worth more than the residual figure, so there is some equity to be moved into the car I then move into. But even so, this doesn't seem as competitive as it needs to be to stop people buying, say, a BMW d535.
This was through Maserati finance. I've not yet checked what Oracle (or similar) offer.
Dealer deposit..............great news. £7k on an RS4 at the moment....
Haha.......nice idea but no where near...........
Gary
Incidentally make sure you dealer has included the dealer deposit in your PCP quote. But dont tell them I told you!
Tried to call you today Gary, but apparently it was your day off. Good to see you spent on the Maser forum!
I had another look at the options list, and in retrospect you can get a decent spec car for less than I first calculated. If you go for 19 inch wheels, metallic paint, bi-xenon washing lights, heated electric seats and a few other bits, it comes to about £54k, which is a bit better. And if we think positively (!) and assume a final value after 3 years of £24k, it means you only loose £30k (plus the interest) over that time. And that is not crazy for a luxury car from an exclusive brand - after all, I'm perfectly happy for my Maserati to cst me more than, say, an Audi or BMW.
(and to counter balance it, at least one of my other Masers is going up in value!)