Cyberster 8.9% PCP

[Barriejames007]

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

 

[GranTurismoEra]

Where did hear about this? Local dealer?

 

[Barriejames007]

Where did hear about this? Local dealer?

No from 3 dealers now plus its all online now

 

[GranTurismoEra]

8.9 is used car rates. MG are having a laugh.

 

[mg4mc]

Zero percent on a Model 3 now I believe!

 

[GranTurismoEra]

Zero percent on a Model 3 now I believe!

You see that...not suprised.

 

[Anon70]

Sounds about right. Yanni is paying 8.82% on his Lambo Revuelto, they give the figure at timestamp 3:40. The monthly payments are £4095.42

Bank of England base rate is 5.25% so a bank lending to an individual is going to want a higher return than that.

 

[tsedge]

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

Generally private finance buyers who want a Cyberster will pay a premium for it. That's of course, not counting those who buy through their business, who may be a bigger group.

 

[GranTurismoEra]

Their loss, lots of other cars out there. Until its reasonable I cant see how 8.9 is attractive for a new car thats already 60k and near double the price it costs in China.

 

[TimMcC]

Has anyone actually had a finance quote from MG yet?

For those in any doubt, 8.9% APR is indeed what they're offering on the Cyberster.

 

[GranTurismoEra]

8.3% now

 

[TimMcC]

8.3% now

Yep, I'm sure it'll get to a reasonable figure in the next 12 months.