Formentor PCP & PCH offers thread

/dev/null

Active Member
Nov 12, 2008
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Difficult to compare as the PCP is 4 years whilst the PCH is 3 years. Though with the PCP you could potentially voluntary terminate around the 40 month mark. I've not worked it out, but you should always just take the deposit, spread over the number of months, and add that onto your monthly payment for comparison. I.e. 2500 deposit over a 3yr deal is £70 a month to add on.
Bear in mind with PCH you get road tax paid too.

It also depends on what you want to do at the end... Do you want to keep the car? Do you want the option of being able to sell it? Do you want to gamble on having equity in it?
It works both ways... I was lucky - I just sold my c class 29 months into a 48 month agreement, and made 4.5k on the deal due to used prices being so high. With a lease that would obviously never have been an option.. however under "normal" conditions, you'll almost certainly be in negative equity for the most of your term unless you put down a very high deposit, in which case you lose that if you VT.
 

Agnes.Surrey

Active Member
Nov 6, 2020
767
416
Surrey
Been offered this deal from cupra dealer for the 190 v2 formentor
pcp - 8k over 4 years, 3.9%. 2.5k deposit
£390.37 and lump payment of 15,165
Delivery July/August

Alternatively; Nationwide offering lease price
nationwide pch June delivery apparantly
3+35 8k pa
£423.11; 1,269 deposit

6+35 8k pa
£392.15; 2,352 deposit


icarlease (still to get confirmed quote + delivery times)
190 v2 4wd
6+35 8k pa
£381.02; 2,286 deposit paint option to be added

vz1 245 2wd
6+35 8k pa
£372.55; 2,235 deposit paint option to be added


My thoughts are the pcp deal looks better but never had pcp before..

Whats everyone elses thoughts?
PCP total cost over 4y = 20,847.39 + 3 x £155 for road tax. = 21,312.39, annual cost £5,328.0975

Nationwide total over 3 years = 17,347.18, annual cost £5,782.39

iCarlease total over 3 years = 17,907.82, annual cost £5,969.27 plus cost of paint divided by 3 years.

iCarlease 2 total over 3 years = 17,509.55, annual cost £5,836.51 plus cost of paint divided by 3 years.

PCP seems to be the cheapest per annum, it also gives flexibility, which PCH doesn't. It's difficult to get out of PCH, but you can sell your car while on PCP or voluntary terminate near the end. With 4y PCP you will have extra costs of tyres and service, but you may not even keep the car for the whole period. In general, all options are expensive comparing to previous years, but nothing can be done about it.
 
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Sly870

Active Member
Jan 10, 2021
102
16
Hello all,

Went car shopping today as I need to change.

Looked into the Formentor, the PCP deal was £2100 deposit + DC of £1500 at 2.9% APR, worked out to £377 a month for 48 months at 10 000 miles a year.
The PCH for 3 years is £333 a month on 10 000 miles with 3 initial payments.

Just for those out there looking for a numbers :)
 

Tormentor

Active Member
May 3, 2021
199
102
Hello all,

Went car shopping today as I need to change.

Looked into the Formentor, the PCP deal was £2100 deposit + DC of £1500 at 2.9% APR, worked out to £377 a month for 48 months at 10 000 miles a year.
The PCH for 3 years is £333 a month on 10 000 miles with 3 initial payments.

Just for those out there looking for a numbers :)
Can I ask which model please? Premium paint included?
 

/dev/null

Active Member
Nov 12, 2008
1,649
101
I was actually having a look at PCH offers earlier, purely out of interest to see how much change there had been recently. Despite there supposedly having been a price increase in April, the prices on nationwide were actually cheaper than they were 3 months ago (by around 10-20 a month). Most specs are showing delivery November at a minimum, which is probably a bit longer than what they were estimating back in March.
 

Sly870

Active Member
Jan 10, 2021
102
16
So it seems pricing on a Forementor was a lot better then I was expecting. Managed to find a red 190 DSG V2, the one I want.
 
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Sly870

Active Member
Jan 10, 2021
102
16
what pricing did you get ?

2 year PCH, £2699.35 deposit, £449 a month
3 year PCH, £2411.93 deposit, £402 a month
4 year PCH, £2231.28 deposit, £372 a month

Also got some PCP offers

3 year PCP, £2500 deposit, £529.25 a month, final amount £16 6257.50 (with £1500 deposit contribution @ 2.9%)
4 year PCP, £2500 deposit, £447.67 a month, final amount £14 805.00 (with £1500 deposit contribution @ 2.9%)

Also got V1 pricing but V2 is where my head (& heart) is at - want that AWD
 

imran999

Active Member
Mar 20, 2022
87
23
2 year PCH, £2699.35 deposit, £449 a month
3 year PCH, £2411.93 deposit, £402 a month
4 year PCH, £2231.28 deposit, £372 a month

Also got some PCP offers

3 year PCP, £2500 deposit, £529.25 a month, final amount £16 6257.50 (with £1500 deposit contribution @ 2.9%)
4 year PCP, £2500 deposit, £447.67 a month, final amount £14 805.00 (with £1500 deposit contribution @ 2.9%)

Also got V1 pricing but V2 is where my head (& heart) is at - want that AWD
nice

pretty sure all the 190’s are 4 wheel drive.

i ended up dropping down to the 150 v2 due to timings. 190 was gonna take a few extra months to build.

Did you get stock deal or factory order?
 

Sly870

Active Member
Jan 10, 2021
102
16
nice

pretty sure all the 190’s are 4 wheel drive.

i ended up dropping down to the 150 v2 due to timings. 190 was gonna take a few extra months to build.

Did you get stock deal or factory order?
This 190 is in stock, can collect this week.
 

/dev/null

Active Member
Nov 12, 2008
1,649
101
2 year PCH, £2699.35 deposit, £449 a month
3 year PCH, £2411.93 deposit, £402 a month
4 year PCH, £2231.28 deposit, £372 a month

Also got some PCP offers

3 year PCP, £2500 deposit, £529.25 a month, final amount £16 6257.50 (with £1500 deposit contribution @ 2.9%)
4 year PCP, £2500 deposit, £447.67 a month, final amount £14 805.00 (with £1500 deposit contribution @ 2.9%)

Also got V1 pricing but V2 is where my head (& heart) is at - want that AWD
What mileage/options? Nationwide currently offering V2 190 with metallic paint, 10k miles:

1+35: £420
6+35: £351

With the other options too. Total over 3 years is around 15k. Stockport would probably match that, which would mean lower excess mileage rates and no arrangement fee. Though it would probably be a factory order
 

Sly870

Active Member
Jan 10, 2021
102
16
What mileage/options? Nationwide currently offering V2 190 with metallic paint, 10k miles:

1+35: £420
6+35: £351

With the other options too. Total over 3 years is around 15k. Stockport would probably match that, which would mean lower excess mileage rates and no arrangement fee. Though it would probably be a factory order
10k miles PA, not sure on options, this is an in stock vehicle too.

Nationwide are all Aug-Nov orders..
 

MDY933

Active Member
Nov 2, 2021
20
11
I used National Vehicle Solutions and managed to get a red V2 DSG 1.5 TSI from stock. I think they've only got a VZ1 in stock at the moment (supplying dealer may be Stockport but not 100% sure).

Mine was 6+35: £324.98 so found them to be competitive price wise.
 

/dev/null

Active Member
Nov 12, 2008
1,649
101
10k miles PA, not sure on options, this is an in stock vehicle too.

Nationwide are all Aug-Nov orders..
True... But might be worth considering as they're about £40 a month cheaper than the above, so around £1,500 over the term of the contract. In any case, might be worthwhile asking whoever you got that quote off to match the nationwide one. Even if they can't match it exactly, chances are they'll come down a bit.
 
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Sly870

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Jan 10, 2021
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True... But might be worth considering as they're about £40 a month cheaper than the above, so around £1,500 over the term of the contract. In any case, might be worthwhile asking whoever you got that quote off to match the nationwide one. Even if they can't match it exactly, chances are they'll come down a bit.
Good shout mate! I might ask the dealers but then they will come back with "ours is in stock" BS

Thankfully I am in no rush!
 

/dev/null

Active Member
Nov 12, 2008
1,649
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Good shout mate! I might ask the dealers but then they will come back with "ours is in stock" BS

Thankfully I am in no rush!
Yep, it's just about playing them at their own game. I.e.

"true, but I'm not in any real rush, I'd prefer to order from you with you being my local dealership, but at £40 pcm more than a competitor, I'm struggling to justify that. If you could to that price then I'd be happy to place the order with you today,.otherwise I'll be placing my order with xxx"... Etc. Then if they can't achieve a full match, go for other stuff such as throw in a full tank of fuel, include first couple of services etc. They're not major things, but you've nothing to lose by asking. If they want the sale then they'll be keen to not see you walk into another place and order from them.
 
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Sly870

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Jan 10, 2021
102
16
What mileage/options? Nationwide currently offering V2 190 with metallic paint, 10k miles:

1+35: £420
6+35: £351

With the other options too. Total over 3 years is around 15k. Stockport would probably match that, which would mean lower excess mileage rates and no arrangement fee. Though it would probably be a factory order
Btw, those prices look like the 150 V2 DSG, looking on their site now?
 

/dev/null

Active Member
Nov 12, 2008
1,649
101
Btw, those prices look like the 150 V2 DSG, looking on their site now?
Ah bugger, I was sure I'd selected the 190!? 🤕 It is still a bit cheaper though,

190 V2 DSG in Red, 6+35=£393pcm. Still worth asking for a match - it's a tenner a month but that's better off in your pocket than theirs!
 
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Sly870

Active Member
Jan 10, 2021
102
16
PCP total cost over 4y = 20,847.39 + 3 x £155 for road tax. = 21,312.39, annual cost £5,328.0975

Nationwide total over 3 years = 17,347.18, annual cost £5,782.39

iCarlease total over 3 years = 17,907.82, annual cost £5,969.27 plus cost of paint divided by 3 years.

iCarlease 2 total over 3 years = 17,509.55, annual cost £5,836.51 plus cost of paint divided by 3 years.

PCP seems to be the cheapest per annum, it also gives flexibility, which PCH doesn't. It's difficult to get out of PCH, but you can sell your car while on PCP or voluntary terminate near the end. With 4y PCP you will have extra costs of tyres and service, but you may not even keep the car for the whole period. In general, all options are expensive comparing to previous years, but nothing can be done about it.
You know that this message helped me a ton. I spent last night and this morning drawing up an Excel spreadsheet to compare PCP vs PCH costs and the various dealership & agency offers and really helps you draw a bigger picture on how much you pay monthly, yearly, contractually and the entire cost including deposits etc, just wanted to say thanks!
 
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