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Model 3 UK PCP Price Calculator

Discussion in 'The UK and Ireland' started by buzbe, Apr 29, 2019.

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  1. Christophe81

    Christophe81 Member

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  2. buzbe

    buzbe Member

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    • Like x 1
  3. Oddbin

    Oddbin Member

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    I still think the GMFV values are still too high. I'm working on an optimistic 43% and around 35% for conservative. I think the Model S guaranteed by back is around about 45% which seems to be generous. That along with the lease estimates and a few PCP calculators puts me around about £50-80 a month more for an AWD, Blue, Sport Wheels and FSD.

    I may be wrong, hopefully I am, but thought it worth mentioning.
     
  4. buzbe

    buzbe Member

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    BMW PCP - on a £40k, 48 months is 36%. I can't see the M3 being below a BMW on the depreciation curve right now, so something like 38-39% may be a more realistic conservative estimate.
     
  5. Oddbin

    Oddbin Member

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    Yeah that would probably be a better alignment for a conservative estimate. The 35% I picked one part plucking a number and one part setting it lower than any comparable car was showing. I like to be slightly more pessimistic it would seem!
     
  6. Oddbin

    Oddbin Member

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    Going by the post on Speak EV your numbers might not be as off as I thought.
     
  7. Tony Hoyle

    Tony Hoyle Member

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    There's a 3rd party PCP quote (Hitachi) on the facebook group, which looks encouraging.

    Standard Range

    Cost £40,350 inc VAT
    Deposit £10,000
    Finance £30,350
    Term 36m

    35 x £407.10 + £20,175

    Long Range –

    Cost £49,350 inc vat
    Deposit £10,000
    Finance £39,350
    Term 36m

    35 x £567.28 + £24,675

    APR 5.7%
    Flat rate 2.7%
    Arrangement fee £100
    OTP £75 + vat

    So it looks like their GFV is a straight 50%. I was thinking mid 40s (apparently germany uses about 43%) so good if others follow.

    Then again you've got some tesla reps saying they're not going to do PCP at all.. (and others saying it'll be available this week).
     
  8. davidmc

    davidmc Member

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    Not sure if the maths work out to 50%? looking at the SR costs:

    £10k deposit + £20,175 over 3 years is £30,175 that means the GFV value would be approx 25% and that seems low for a 3 year old car and assuming thats 10k miles a year?

    I might be wrong so please correct me if i am?
     
  9. Tony Hoyle

    Tony Hoyle Member

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    The cost is 40,350, the GFV is exactly half that at 20,175.

    If you only count the borrowed amount (£30,350) then the GFV is 66%. I presume for this purpose they're including deposit otherwise that would be overly generous.

    Not sure how you can get to 25%?
     
  10. djgillett

    djgillett Member

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    Tony, any ideas what broker that quote came from? I just called Hitachi, they don't offer PCP directly...

    Also, Tesla just called me to ask me if I was ok with an end of July/early August delivery and told me they have no plans to offer PCP on the Model 3. Which is clearly nonsense, but that's what they said...
     
  11. davidmc

    davidmc Member

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    Thx and Correct, my brain was not turned on at the time. Still, £10k deposit is high
     
  12. buzbe

    buzbe Member

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    Hmmm these numbers don’t quite make sense for me.

    Concerning that some reps are saying PCP isn’t coming..
     
  13. Gareth Davies

    Gareth Davies Gareth59161

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    Hi buzbe, love your calculator, thank you for creating it. One minor request (not at all critical) but you could, if you wanted to, change it so the user can choose whether they placed their FSD order before or after the price increase that happened on or just after 11th May.

    I placed my order before the increase and have been told by a Tesla rep over the phone that they will be offering a PCP prior to starting delivery. However they seem a little uncertain and disorganised, as others have already stated!

    Hopefully they get their act together in the next few days and we can start to assess the actual deals on offer rather than using their "estimate" numbers on the configuration page. It the meantime your calculator is a really valuable tool for me, so thank you!
     
  14. Gareth Davies

    Gareth Davies Gareth59161

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    Not sure how I quoted twice! Sorry - I'm new here
     
    • Like x 1
  15. Tony Hoyle

    Tony Hoyle Member

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    And some are saying it'll be this week, and some are saying a couple of weeks.

    The only people that really know will be a few people at Tesla and Blackhorse, and they're not telling. Reps making stuff up is just muddying the waters.

    Anyway, another 3rd party PCP quote cropped up.. this one is a wierd one, as it's for 2 years, but the company apparently will do more ordinary PCP deals if you ask them.

    More details on the facebook forum.. but I think we'll be well served for 3rd party PCP should Tesla not come through.
     

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  16. Oddbin

    Oddbin Member

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    That looks more like a PCH/Lease than a PCP on first look.
     
  17. Tony Hoyle

    Tony Hoyle Member

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    Other than the bit where it says PCP in the title and has a final installment value..
     
  18. Oddbin

    Oddbin Member

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    Jesus, no need to be such a dick. I was meaning the figures quoted look more like Leases than current PCP deals ie: the over mileage price is quite high and the deposit low.
     
  19. djgillett

    djgillett Member

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    Just called these guys and got some quotes, they are fantastic for two years on PCH (haven't had any PCP) but anything longer than 2 years and it gets a bit high.

    Quote on a SR+ with metallic silver: 2 years, 12,000 miles per year, £286/month. 3 years: £395/month.
     
  20. Joshwa201

    Joshwa201 Member

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    Thought I’d throw my experience in to add to the others, I called tesla and they said they are waiting on the company who calculates the future values. Tesla and finance companies are ready and waiting. So the agent on the phone said
     

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