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Clio Lookers deal, someone explain to me in numptie terms please.
Nothing at the mo :(
hmm think its abouit 40.3 miles but im not sure..
PH1 V6
BMW Z4
limit on this deal will be 6k per annum, with an over mileage charge of 6p per mile. you have three choices really at the end of the 2 years, shell out the 8.5k or so and purchase the car, trade in to cover the final balance and start again on a new deal or hand the car back and walk away. if you wanted to up the mileage you can but you will pay a bit more a month.
stu
stu
SC03OTT
ClioSport Club Member
Octavia vRS
I was under the impression that if you sold or bought the car at the end, the excess mileage did not kick in. It's only if you hand the car back? That's what the guy at VW told me, and I didn't pay any excess mileage charge on my Clio (it was about 2.5k over what it was meant to be).
they will charge the excess milage if you walk away from the deal early or at the end of the two years if you hand back and dont get another but only if your seriously over the agreed amount as it will generally be worth less!!
doubling the milage to 12k per year wont make that much of a difference in the monthly amount tbh and you can always adjust it if you find your doing loads more or less miles than expected!!
its really very simple!!
pay £999 deposit then rent the car at £189 a month or what ever the milage per anum brings the finance out at.
then after two years take car back to local lookers and say thanks but my renault was w**k and walk away owing nothing, or ring renault finace up and pay the £8.5k remaining to own the car out right or part ex it againt another car if you find its worth more than the final payment which would equal cash back or deposit on the next car
doubling the milage to 12k per year wont make that much of a difference in the monthly amount tbh and you can always adjust it if you find your doing loads more or less miles than expected!!
its really very simple!!
pay £999 deposit then rent the car at £189 a month or what ever the milage per anum brings the finance out at.
then after two years take car back to local lookers and say thanks but my renault was w**k and walk away owing nothing, or ring renault finace up and pay the £8.5k remaining to own the car out right or part ex it againt another car if you find its worth more than the final payment which would equal cash back or deposit on the next car
Last edited:
SchwepTek™
You give it back or you buy it.
ForceIndia
ClioSport Club Member
Gentlemans spec 200
Basically, get it, use it, give it back. There will be a sudden onset of 200's on the used market. Buying it would be stupid.
or part ex it for more than the final payment is or refinance the final payment if your mad enough lol
182 ff
what if the cars dented etc scratched ??? u just cant give it back
PH1 V6
I assume they would charge you accordingly for the damage, if you are to give it back. Orelse you would claim on your insurance.
I did this type of deal on a 306 D Turbo back in the late nineties, i opted for the 6,000 miles a year payment as the pence per mile penalty of going over the agreed mileage slightly was a lot less than paying the extra every month for the 12,000 mile agreement, at the end of the 2 years i handed the car back because i could have bought a 2 year old D Turbo for less than what Peugeot wanted for me to buy the car and i don't think there was any money left in the car to use as a deposit on another 2 year deal, so it's worth remembering that any money you put up front you will lose.
Always wondered about these deals as well,
http://www.lookers.co.uk/new-car-sales/renault-clio-renaultsport-petrol-manual/43945/
So in the above deal what's the guaranteed future value for?
And towards the end of the 2 year period can you trade it against a newer model and what would happen with regards to the finance?
http://www.lookers.co.uk/new-car-sales/renault-clio-renaultsport-petrol-manual/43945/
So in the above deal what's the guaranteed future value for?
And towards the end of the 2 year period can you trade it against a newer model and what would happen with regards to the finance?
I look at that and think £6k would get a really nice 182 and i could keep it after 2 years.
Fletcher
ClioSport Club Member
True. But it's peace of mind, brand new car, warranty, no mot needed etc..
I am tempted to get one through this deal too, but deep down really want a mk2 FRS,
Daniel
ClioSport Moderator
Whichever has fuel
Guaranteed Future value (GFV) is there to protect you. If Honda or some other firm bring out a car that runs on water, all petrol cars will become worthless. So your Clio 200 will still owe £8,000 on finance but will actually be worth f**k all. Renault finance have 'guaranteed' (flol!!) that the car will be worth a minimum of £8000, so therefore you are able to just hand the car back (provided its in 'reasonable condition) and walk away with no penalties to yourself.
ForceIndia
ClioSport Club Member
Gentlemans spec 200
Calculated I'm getting 33mpg at the moment. Trip computer under-reads by 5mpg.
Did 400miles on one tank driving very economically (ie 70mph mway, as light as possible on the throttle).
E90 320d M Sport
Well my 172 is not getting any younger and it's only a matter of time until the bills come flooding in so this is ideal.
Surely if I agree to do 6k a year and then try and hand back a car with 30k on the clock it will have an impact on the end value price set by Renault?
So I would need to have 6p x how ever many thousands extra I have done in cash to give Renault?
Surely if I agree to do 6k a year and then try and hand back a car with 30k on the clock it will have an impact on the end value price set by Renault?
So I would need to have 6p x how ever many thousands extra I have done in cash to give Renault?
Speak to richard1 on here mate, did me a really good deal and is based in crawley.
It's a Renault 'Selections' Deal. Majority of garages don't advertise it but they can all do it. The non cup is available on this deal too.
Get down to your local garage with the lookers quote and start haggling!!
Hi.
I went for a similar but slightly better deal from Harrats Renault which has a lower 4.5% APR.
http://www.harratts.co.uk/renault/promotions/renaultsport.aspx
I also calculated that it worked out much cheaper to pay for the excess mileage at the end of the term (if you give the car back) as oppose to adding this additional mileage into the finance deal.
I decided to upgrade to a 200 instead of a cup for an extra £32 quid a month. (keeping the misses happy with some softer suspension and few more toys)
Once this was decided the salesman I dealt with was pretty open to some negotiation where possible which allowed me to get an extra 2000 miles and some renaultsport mats thrown in for the same monthly cost.
Then after sleeping on it I decided to ignore the girlfriend and add the cup pack to the order!
Ordered a Nimbus 200 with cup pack. Roll on the delivery date!
I went for a similar but slightly better deal from Harrats Renault which has a lower 4.5% APR.
http://www.harratts.co.uk/renault/promotions/renaultsport.aspx
I also calculated that it worked out much cheaper to pay for the excess mileage at the end of the term (if you give the car back) as oppose to adding this additional mileage into the finance deal.
I decided to upgrade to a 200 instead of a cup for an extra £32 quid a month. (keeping the misses happy with some softer suspension and few more toys)
Once this was decided the salesman I dealt with was pretty open to some negotiation where possible which allowed me to get an extra 2000 miles and some renaultsport mats thrown in for the same monthly cost.
Then after sleeping on it I decided to ignore the girlfriend and add the cup pack to the order!
Ordered a Nimbus 200 with cup pack. Roll on the delivery date!
