Decision time - keep or replace?

[Yandards]

Coming up towards the end of the 2 year PCP bubble on an early trophy.

Was planning on just buying the car and have the funds to do so but the GFV is already a loss leader by about £3k.

But dealer has some pre-registered stock up for the GFV plus a other £4k - that gets me a car with delivery miles, the various changes made after mine was ordered (orange roof, rear wiper, one pedal driving, bigger wheels, rail sensing wipers etc).

It does make a fair bit of sense (despite what the Mrs is saying) as will need new tyres this year plus a year 2 service cost etc to just go for the new car.

Mine has done 17k, will be doing a lot less miles as it spent a year as the Mrs' work vehicle and there are some quality of life improvements that are worth having.

Do the newer models A/C still make that crazy noise when running at full speed?

For those folks who have managed to get their dealers to apply newer software to the ELK and heaters etc have they resolved the issues they were intended to fix?

Or is it worth sticking with what I already know in the car I have?

 

[Bam Bam]

Or is it worth sticking with what I already know in the car I have?

Sounds like they've made you a tempting deal. Is it Waylands?

I guess it depends how much you value having a nearly new car. Cars aren't really a sensible financial decision, more of a heart thing really.

If it was me I'd probably stick with what I know unless it was a reeaally good deal.

 

[tsedge]

Coming up towards the end of the 2 year PCP bubble on an early trophy.

Was planning on just buying the car and have the funds to do so but the GFV is already a loss leader by about £3k.

But dealer has some pre-registered stock up for the GFV plus a other £4k - that gets me a car with delivery miles, the various changes made after mine was ordered (orange roof, rear wiper, one pedal driving, bigger wheels, rail sensing wipers etc).

It does make a fair bit of sense (despite what the Mrs is saying) as will need new tyres this year plus a year 2 service cost etc to just go for the new car.

Mine has done 17k, will be doing a lot less miles as it spent a year as the Mrs' work vehicle and there are some quality of life improvements that are worth having.

Do the newer models A/C still make that crazy noise when running at full speed?

For those folks who have managed to get their dealers to apply newer software to the ELK and heaters etc have they resolved the issues they were intended to fix?

Or is it worth sticking with what I already know in the car I have?

It sounds like you are trying to justify it on financial grounds. However, it would always be cheaper in the long run to avoid finance and stick with a car for years and years.

So, what's your real priority here?

If you want the pleasure of a newer car, with improvements, then can you justify that to yourself anyway, regardless of whether it makes sense?

Answering that may give you your answer.

 

[philowen]

I’m in similar situation , the 2 yr pcp is coming up but mg Nathaniel in south wales has told me I’ve basically lost 13-15 thousand pounds in the 2 yrs I’ve had it. I would have liked a nice shiny new car but no flippin way I can do that…
Very peeved at the various idiots in charge of the world right now. :-( both here and abroad.

 

[Yandards]

Thanks for all the responses - really tempted to replace it as it's not a huge amount over the balloon PCP payment that was already due.

That gets me a brand new car, with some extra features plus removal of the various 'niggles' that are on the one I do have (odd stone chips, that rear light cluster cracking thing and a couple of others).

There is limited financial sense to it, work due on my existing one comes out at about £750 this year so that gets the 'reset' costs down to about £3750 for a car 2 years younger.

Like @philowen I've got caught up in the ups and downs of the car market on the wrong end of it all. Traded in when values were dropping but hadn't impacted GFVs enough...

 

[Koomi]

We are in the same situation, with the same upside down equity, and have been considering options.
We also had good fortune when trading in and buying the car just as the used car price bubble was bursting - so expected the GFV to not be realistic.

No pre-registered on our radar, but we were looking at changing to a new ER Trophy on a new 0% 3Yr deal, with £5k+ off list.... there was £9k+ off incentives that ended in march when I first started looking
So roughly continuing paying what we are now, for a 7k deposit, rather than finding the best part of 18k to buy the balloon

However the S5 was available when I went to talk about options, and for the same price as the 4ER, I can get the S5LR, and upon initial hour test drive, it fixes a lot of the "niggles" that I have with the 4... so deciding what to do now.

 

[Buster72]

I will be in a similar situation albeit in less than 2 years time. And assuming the PCP guaranteed figure is not too far away from a new MG4 SE SR, I will probably get a new one.

 

[BingBong]

A new MG4 would probably release at the end of the year...

AC compressor is because wrong oil
Elk/lka can be fixed by updates

 

[meveringham]

I'm coming to the end of my 3yr PCP, car is being valued at £12k but the settlement figure is £16.9k, so definitely going to walk away from it.

I'm considering the MGS5 but best lease offer on 3yrs at 10k per year is £450, and I can get a BMW iX1 for less than that, or a Renault 5 e-tech Iconic Comfort, of even a Kia EV3, all for less.

 

[Daniel Brown]

Get rid, they are an unknown quantity at the moment having not been out long enough, they may be trouble free as they age, then again they might not be