My current PCP on my Fiesta ST3 runs out on the 23rd April.

I've been waiting for the new Fiesta ST to be available to spec and order but time is running out on me fast and still nothing is available.

I've enquired about the outgoing Focus ST3 (want to upgrade to 5 door be it on the new Fiesta or Focus) and have had the attached quote.

Interested to hear peoples thoughts on what they might do in a similar situation.

Example_Quote.pdf

If it was me, I'll try some more dealers in your area, these focus mk3.5 are going to fall with the launch of the new model. They will need to sell the stock, so good deals will be around..

Personally, I couldn't justify £4000 down payment and nearly £9000 in payments for effectively renting a car. 

I don't know much about PCP plans so please correct me if I'm wrong on something.

I'm old school, I usually pay for my cars through a bank loan or finance, but my last two cars I have been fortunate enough to pay for them with cash outright, my current car I payed £5200 for it in 2015 and plan on keeping it for 10 years until it dies.

I put £150 away each month for "future car purchase" so in 10 years I should have a fund of around £18000, don't know what that will buy me then, but it should get me something quite decent.

18 hours ago, Zico said:

My current PCP on my Fiesta ST3 runs out on the 23rd April.

I've been waiting for the new Fiesta ST to be available to spec and order but time is running out on me fast and still nothing is available.

I've enquired about the outgoing Focus ST3 (want to upgrade to 5 door be it on the new Fiesta or Focus) and have had the attached quote.

Interested to hear peoples thoughts on what they might do in a similar situation.

Example_Quote.pdf

Have you tried drivethedeal.com ?  

I saved a lot  on my Ti X and I picked it up new from a Ford dealer.

 

If I'm interpreting this correctly, your finance deal is approaching the end on your current car and this is pushing you towards getting a new vehicle when it does.

I appreciate that the new Fiesta ST isn't available yet but don't understand why you'd consider spending more money on something you want less (the Focus ST). If you actually want the Focus ST and think that the deal is affordable and good value for money then fine, but imho a more expensive compromise might not be the best plan.

If you want to hold out for the Fiesta ST then I guess you need to stump up the cash to settle the deal and wait - few of us have this kind of money sitting around so perhaps you'd need some form of bridging loan. Depending on rates, affordability and availability you'd need to decide whether they offered vfm.

Personally, I couldn't justify £4000 down payment and nearly £9000 in payments for effectively renting a car. 
I don't know much about PCP plans so please correct me if I'm wrong on something.
I'm old school, I usually pay for my cars through a bank loan or finance, but my last two cars I have been fortunate enough to pay for them with cash outright, my current car I payed £5200 for it in 2015 and plan on keeping it for 10 years until it dies.
I put £150 away each month for "future car purchase" so in 10 years I should have a fund of around £18000, don't know what that will buy me then, but it should get me something quite decent.

Car finance deals make owning a brand new car reasonably affordable in terms of the initial deposit and payments. This is seen as a great thing by a lot of consumers. The problem then is at the end of the deal when you have to stump up the cash (which many aren't able to do), you're forced to walk away and say goodbye to your car or you end in a cycle of repeatedly trading new cars every few years and making payments every month for eternity.
Unfortunately not every consumer ends up ultimately being a winner from this process.

4 hours ago, Dan P said:

Car finance deals make owning a brand new car reasonably affordable in terms of the initial deposit and payments. This is seen as a great thing by a lot of consumers. The problem then is at the end of the deal when you have to stump up the cash (which many aren't able to do), you're forced to walk away and say goodbye to your car or you end in a cycle of repeatedly trading new cars every few years and making payments every month for eternity.
Unfortunately not every consumer ends up ultimately being a winner from this process.

It largely explains the number of current reg German cars knocking about, that and company car schemes.

On a vaguely related note in terms of "badge snobbery", the brother-in-law was "showing off" his new company Passat a couple of years ago, we went for a "drive", his Passat against my on demo Mondeo Vignale AWD TDCi estate....let's just say he saw a lot of the backside of the Mondeo!  (now I just need to save up for one!)

Joking aside I guess if someone really values having a "new" car on the drive and isn't inclined to get involved directly in the maintenance of their car then PCP may be a decent option.  Personally I'm like the "fiddling" so old school HP works for me.  (MK2 Focus 1.8 TDCi 146K miles and still all original in terms of the expensive bits.....although now I've said that the DMF will probably explode on Monday morning )

Lol you'll be fine Dame' any way it's no big issues for us car saviours 💪

23 hours ago, rocket_111 said:

If it was me, I'll try some more dealers in your area, these focus mk3.5 are going to fall with the launch of the new model. They will need to sell the stock, so good deals will be around..

Speaking with the few dealers I have been in touch with, there isn't much in stock for the Focus ST3. If I was to go with the few options that I had looked at, most of the time it's got to be a factory build or a compromise on stock that is working its way through the system and is a closet match.

17 hours ago, avi said:

Have you tried drivethedeal.com ?  

I saved a lot  on my Ti X and I picked it up new from a Ford dealer.

 

Used DTD for my Fiesta Zetec in 2014. Using the same spec as the quote attached in my original post, DTD come back as £24,302.14.

17 hours ago, Dan P said:

If I'm interpreting this correctly, your finance deal is approaching the end on your current car and this is pushing you towards getting a new vehicle when it does.

I appreciate that the new Fiesta ST isn't available yet but don't understand why you'd consider spending more money on something you want less (the Focus ST). If you actually want the Focus ST and think that the deal is affordable and good value for money then fine, but imho a more expensive compromise might not be the best plan.

If you want to hold out for the Fiesta ST then I guess you need to stump up the cash to settle the deal and wait - few of us have this kind of money sitting around so perhaps you'd need some form of bridging loan. Depending on rates, affordability and availability you'd need to decide whether they offered vfm.

There is a part of me that is tempted by the upgrade in power and size that the current Focus ST has (5 door and more internal space etc.). On the face of it, yes the Focus ST would involve spending more, but I'm also stuck with not know how much the new Fiesta ST is going to cost either.

Regarding paying off the OFP for the Fiesta, I have the money to do this but I'm also trying to save this for other things. I've enquired with Ford Finance about extending the PCP but apparently I can only do this if I get an order number for my next vehicle, something that I can't do with the new Fiesta ST as it's not even available to order.

I guess I could just hand back the Fiesta and borrow my fathers Audi before his lease expires in May .