I am not clear on "how" a quote can be judged more expensive than another one based on the monthly payments.
Correct me if i am wrong but the variables in place are
- Deposit
- APR (i.e. interest rate) that is 4.9% for Black Horse, and I am assuming when people say that it is expensive it means that someone else is offering a better APR?
- Number of instalments (i.e. 48 months)
- Residual Value
So...which one is the variable that makes Black Horse PCP more expensive?
For reference my agreed PCP plan (confirmed via mail) used to be this one
View attachment 438820
For a P+, Black, White interior BEFORE the price reduction.
After the price reduction (roughly £2400 for my specs) Black Horse told me that my monhtly payment will go down to £426 (they didn't send me the other updated values)
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