pcp

I'm a few months away from either handing my car back or paying £10K to own it. The car has been faultless from new and has only cost me a replacemnet front window in repairs. I would be quite happy to buy it, as it has low mileage 16,000 but have been offered a 2024 Sep reg demonstration MG5...

I am aware that a PCP can be cancelled and the vehicle returned, (Voluntary Early Termination), once 50% of the total "loan" has been repaid. Interested to know if anyone has taken the option of Voluntary Early Termination of their PCP agreement and whether or not the finance company made it...

Good Evening! A bit of clarification, are the PCPs arranged via MG dealers non-standard as such? As according to the finance company they say there is no option to terminate it early after paying the 50% of value as it's not an option in the contract even though they say it's a PCP deal...

So its 8.9% PCP for a Cyberster this is going to put off a large number of buyers who dont want the thick end of 1k a month on finance

We have a way to go yet (3+ years) but already our MG5 is getting prices less than the guaranteed minimum price. Do MG allow negotiatio0n i.e. our guaranteed minimum value is £16k at 4 years and 24,000 miles. WBAC, Motorway and some others are only offering 13K now at 8 months and 3,500 miles...

Ok, this might raise more questions than it answers. However the principle behind it is to reduce the monthly payments, and to reduce the interest on the initial loan value. Probably before the end of the pcp (in 3 years) to have an xpower (estate if possible). I have already made 1 lump sum...

Sorry about not Being on here for a while, but I really need to rant a bit! :oops: Back story My Partner bought her ZS back in 2020 when they were offering some serious discounts that couldn’t be ignored, she purchased using PCP which neither of us have ever done, but thinking long term it...

Hi - I'm just about to buy a new MG4 Long Range Trophy spec EV on a 0% PCP. I hope someone can help me out with a couple of questions: 1) I've never had a PCP. Just to confirm, at the end of the PCP if I decide to hand the car back (assuming no damage or extra mileage) I can walk away at no...

Whilst here on hols, I called in at a MG dealer to ask a couple of questions I was finding difficult to translate to my French dealer. On asking about UK deliveries , the reply was , No problems , they are arriving all the time. Is there a preference for PCP customers or outright buyers? Reply ...

Just finished negotiating a price for a new dynamic red se. £300/m which is what I'm paying for my golf. Added bonus of free charging can't wait! Pick up is on tues. The trophy was sadly outside my price range.

Hello folks I have a Mk 1 ZS EV exclusive with a very low mileage - about 1,400, bought new 3 years ago on PCP. I now have the option to return it and owe nothing - start again in other words, or pay the outstanding £12000 odd and buy it outright. I’ve been considering a renewal for a new Mk 2...

We've got over 30 used, pre-registered and ex-demonstrator MG EVs available from our Chorley and Burnley branches. Click here for the current stock...

Hi all, We've got some new 0% APR PCP offers available on the MG4. These are 24 month PCPs, based on 6k miles per annum, and a minimum deposit of 30% of the vehicle price. Examples: MG4 LR SE List Price: £29,495.00 Chorley Group Price: £28,894.25 Customer Deposit: £10,000.00 24 Payments...

Just wondering if anyone has increased the millage on a PCP before. We’re using ours more than we expected and from the quotes on new it looks like around half the cost to do it from new compared with paying the extra millage cost at the end of the PCP (which is quite high against other...

Looking at pcp deal on the MG4....dealership offering 8.9%, just found out about Forza finance an independent broker and they are offering a rate of 7.4% on same terms etc. they use Santander has anyone used them before trustworthy etc??

I just realised that what I signed was not PCP but personal loan with guaranteed price after 48months. At the time of the purchase I was clearly told that I have options to return the car, or pay balloon payment or part exchange the car. It is also not very clear what this loan is called, but I...

I signed up to purchase my MG4 on 27th December on a PCP Agreement. I have subsequently been told by the dealer that the expiry date for this PCP expires on 27th March 2023. And that they are endeavouring to get the car delivered by then. But that if it is not, then that PCP Agreement would need...

Hi all, I've test drove the MG4 EV and really enjoyed it and want one. Now I'm in two minds on what to do based on my situation, I need a car as currently car sharing with my partner which isn't sustainable for another year. I hybrid work (sadly no company car offers/benefits) and rack up...

Hi all, My partner and I have placed an order with our local MG dealer for a Trophy in Volcano Orange. We are both new to PCP and EVs as a whole. The offer we’ve been given is with 7.9% APR interest, over 48 months. Works out at around £400 per month. I’m just wondering if that’s a good rate...

I'm confused over interest rates, I hope someone with better financial knowledge can advise. MG currently offer PCP at 4.09% fixed rate p.a. They also quote 7.9% APR. Does 4.09% fixed rate p.a. equate to be the same as 7.9% APR over 48 months then? Lloyds Bank offer 4.8% APR over 48 months. I...