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Home > General (L494) > New vs used lease or pcp |
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hoppy_70 Member Since: 28 Mar 2009 Location: United Kingdom Posts: 437 |
thanks, decent site that.
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Sun Apr 29 2018 7:25pm |
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timhum Member Since: 06 Mar 2017 Location: Suffolk Posts: 389 |
GFV for a new vehicle is based on that of the performance of an older one. For example how much has a 2015 Black on Black RRS Autobiography with average mileage depreciated over three years and do we think a similar 2018 car will perform much the same. If its a new model it may depreciate a little less, if its a run-out model it will probably depreciate at a higher rate. I don't think there's any magic to it just the comparison of statistical data with an allowance for today's market environment. Different finance companies will use varying models and so come up with alternative GFV numbers.
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Sun Apr 29 2018 8:14pm |
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