Hi folks

My wife has been badgering me for some time about getting rid of our P38 and buying her a used Evoque. While the P38 is our main workhorse and ticks all the boxes for us she has started a part time job so the Evoque is starting to look more attractive with fuel economy, probably easier nipping into tighter parking spaces etc. aswell as I'm finding I'm spending more and more time fixing things....
Initially I was thinking of a 2007 on FFRR, but she wants an Evoque!

So what I'm wondering is with the September number plate change, is it best to hold off until the trade-ins come in, or buy before? 13MY Range Rover Sport Autobiography SDV6 - mine
14MY Range Rover Evoque Dynamic SD4 Black Pack - wife's
99MY Defender 90 TD5, Soft Top Conversion - my toy, and bairns favourite

Some cracking deals on brand new Evoque/Disco Sport just now

£500 deposit and £329 p/m for an entry level Evoque, or £350 p/m for the equivalent DS, providing spec/toys are not a huge priority

We couldn't PCP a 4yr old one for that price...

After reading the above, just for fun I went on the LR site, chose the first basic Evoque and with a £500 deposit and the standard 37 months it came up with £500 per month payments. How do you find figures like that?

I was initially looking at a cash buy hoping to stay within £25k but willing to go up slightly for an Approved one, I've never really understood any of this PCP or leasing as although the figures look good at face value, I can't help but be suspicious of getting screwed over with some hidden stuff. So I always previously bought cash, but with those figures I might need to read more on how PCP's work.
The other thing is I tend to keep my vehicles a while, or at least until my wife crashes them (except my recent XF, I managed to trade it in for my RRS before she managed to crash it ) 13MY Range Rover Sport Autobiography SDV6 - mine
14MY Range Rover Evoque Dynamic SD4 Black Pack - wife's
99MY Defender 90 TD5, Soft Top Conversion - my toy, and bairns favourite

I imagine that there's some money off available which isn't shown on the website.

If you up the deposit by 10% of the RRP (that's what we got off our Evoque) you might get to that sort of figure.

I went via the dealers own website, not JLR

Seems they have finished their offer now, and it's a £2k deposit...

Or, if you want to go down a different route than the main dealer...

https://www.synergyautomotive.co.uk/land-r...PsQAvD_BwE

£2.5k deposit and £300 pm

PCP works simply by only financing a smaller portion of the overall cost plus some interest. Beware the %age rates and avoid the add on of paint protection, wheel insurance, gap insurance etc.
Get Gap insurance from ALA = miles cheaper.
I've researched PCP to death and now both our main cars are on them. Happy to advise anytime over the phone  Visitor from fullfatrr.com
* GONE. 2012 RR Sport HSE SDV6 Orkney Grey. Now being piloted by RRSTDV8
* GONE: 2011 4.4 TDV8 Full Fat. Amazing piece of kit.
* Current. 1974 Lightweight 2.25L petrol. Old skool
* GONE. Freelander GS TD4 Manual MY2013. Orkney Grey with privacy, cold and clearview packs, armrests (a must!) and a spoiler.
* GONE. Range Rover Classic '93 200Tdi Factory fit
* 1949 80" in family since 1975

I've had a play with some PCP numbers and it seems to make it easier to 'afford' a newer car, except as you never actually pay for all of it all I can see is that you get suckered into having to change it due to probably not having saved for the remaining GFV. Or hand it back and start from scratch again. It seems like a very expensive way to [never] own a car as the interest is charged for the duration on the full loan amount, a large part of it which never gets paid off until the end of the deal. At the moment I think I'll stick to what I understand, but it is interesting, especially how it kind of protects against an unexpected depreciation.

But back to the original question, does anyone know if there is normally better deals just before or after a new registration plate date, i.e September or March (maybe not clear in the original post)? Maybe there's no difference? 13MY Range Rover Sport Autobiography SDV6 - mine
14MY Range Rover Evoque Dynamic SD4 Black Pack - wife's
99MY Defender 90 TD5, Soft Top Conversion - my toy, and bairns favourite

Quote:

It seems like a very expensive way to [never] own a car as the interest is charged for the duration on the full loan amount, a large part of it which never gets paid off until the end of the deal.

Simply buy the car at the end with cash or a cheap Tesco loan at 3.3%. There is no way I could have bought mine with cash! Simply don't have £36K lying in an account anywhere
Remember you can trade it in early and get another. Best to go over 50% loan period time at minimum.
PCP works for me but cash rich folks have other options  Visitor from fullfatrr.com
* GONE. 2012 RR Sport HSE SDV6 Orkney Grey. Now being piloted by RRSTDV8
* GONE: 2011 4.4 TDV8 Full Fat. Amazing piece of kit.
* Current. 1974 Lightweight 2.25L petrol. Old skool
* GONE. Freelander GS TD4 Manual MY2013. Orkney Grey with privacy, cold and clearview packs, armrests (a must!) and a spoiler.
* GONE. Range Rover Classic '93 200Tdi Factory fit
* 1949 80" in family since 1975

insiorc wrote:

But back to the original question, does anyone know if there is normally better deals just before or after a new registration plate date, i.e September or March (maybe not clear in the original post)? Maybe there's no difference?

Tim in Scotland wrote:

I would get in there asap after 1st September to have a good look at what they have taken in as an exchange and offer them as they will have more stock than they know what to do with.

DrRob wrote:

Simply don't have £36K lying in an account anywhere

I'd be the same, but I got my foreign tax days in again last month, so money no longer needing to be kept to support our workshy




And after a bit of further reading on here on these PCP's I see better discounts can be had on the purchase, but probably best with new vehicles. So even when buying used is it better to take a finance deal as the dealer will be getting his commission so hopefully discount better, and then I pay off the finance right after? Or does it not work this way? 13MY Range Rover Sport Autobiography SDV6 - mine
14MY Range Rover Evoque Dynamic SD4 Black Pack - wife's
99MY Defender 90 TD5, Soft Top Conversion - my toy, and bairns favourite

You can pay the finance off quite quickly and its a way some people use to leverage greater discount by using LR Finance to do that. I think there is a thread on disco forum about this (perhaps search for PCP over there?)
I've let my PCP run for 2 years (~50% through) and just this week taken a 2.8% TSB loan (compared to 8.3% with LR) and will buy the car outright. Means I will pay it off earlier and save about £3K
It also means its easier to sell it privately if I decide to change sometime...E Pace looks a nice motor  Visitor from fullfatrr.com
* GONE. 2012 RR Sport HSE SDV6 Orkney Grey. Now being piloted by RRSTDV8
* GONE: 2011 4.4 TDV8 Full Fat. Amazing piece of kit.
* Current. 1974 Lightweight 2.25L petrol. Old skool
* GONE. Freelander GS TD4 Manual MY2013. Orkney Grey with privacy, cold and clearview packs, armrests (a must!) and a spoiler.
* GONE. Range Rover Classic '93 200Tdi Factory fit
* 1949 80" in family since 1975