PCP Deals in the UK

[Groover]

I think it's fair to assume that PCP will be available for the sake of making sales. Without it, they are risking a LOT of lost sales. For me it's more a question of when not if and it sounds like the when might be today!

Just got off a call with them and apparently the PCP option at the moment is basically to see how many people click on it! suppose they are trying to work out appetite.
Link currently goes to a Barclays page with the value of a model S that you cannot change

 

[Tony Hoyle]

That would be a very poor way of working out demand for a product.

It's just the usual tesla cockup with one part not knowing what the other is doing.

 

[dazjdash]

Courtesy of Twitter, a finance co called Magnitude Finance have just updated their calculator for PCP and HP deals on the Model 3: Magnitude Finance - Prestige car finance, supercar & classic car finance

Anyone had any experience with them? Have requested a call back re the online quote their calculator provided.

 

[Peteski]

Agreed and tempted to change my order

however I just find it interesting they call it the performance version, and its the same price as the LR AWD and without the pack is no different to the LR AWD?

Physically it may be the same car with different software, but the acceleration of the performance version puts it on another level i.e. the LR AWD has software crippled performance. The now optional performance upgrade pack is aimed mainly at track day use and/or vanity. It also unlocks a higher maximum speed, but again only useful for track days in the UK.

At the revised price, the standard performance model is now very competitively priced for the serious level of performance it provides and should be a no-brainer to upgrade from LR AWD if you care at all about performance and future residuals.

 

[Peteski]

Just got off a call with them and apparently the PCP option at the moment is basically to see how many people click on it! suppose they are trying to work out appetite.
Link currently goes to a Barclays page with the value of a model S that you cannot change

Sounds like you are being fed BS! The appetite for PCP deals should be blatantly obvious based on industry data for UK car sales, including their own S and X models, over the last decade. I expect they simply haven't finalised the deals yet to go properly live. They really haven't got their act together on this UK launch. The percentage of buyers looking to purchase via PCP will be very significant and not even having the option can only be a sales disaster.

 

[gau27]

Courtesy of Twitter, a finance co called Magnitude Finance have just updated their calculator for PCP and HP deals on the Model 3: Magnitude Finance - Prestige car finance, supercar & classic car finance

Anyone had any experience with them? Have requested a call back re the online quote their calculator provided.

Hi,
I'm also just dabbling with calculators and such to work out my budget etc..
I found a list of cheap personal loan providers here on MSE
I think this will be cheaper than any PCP or HP...

 

[EdMag]

Hi All,

Further to what Daz has just posted, Magnitude does have a lender for Model 3 PCP. Another lender has just pulled their PCP facility though, hence the confusion.

I'm sure this is probably against forum rules (so Mods - please do what you need to do ) but in the interests of serving the Tesla community please feel free to contact us at Magnitude for a PCP quote on a Model 3. You can at least try our online finance calculator for an indication as it does have Model 3 residuals as of this week.

There are certainly a lot of people interested!

 

[WannabeOwner]

I'm sure this is probably against forum rules

There is a Vendor option here, which you could explore. Not sure what is involved but I stumbled over these links:

https://teslamotorsclub.com/tmc/account/upgrades

DIRECTORY

But that apart I don't think posting something with a rider that Moderators can "do what you need to do" gets your company any brownie points ... but it is your first post and it aint my job to write or enforce the rules

 

[craig_nomad]

Hi All,

Further to what Daz has just posted, Magnitude does have a lender for Model 3 PCP. Another lender has just pulled their PCP facility though, hence the confusion.

I'm sure this is probably against forum rules (so Mods - please do what you need to do ) but in the interests of serving the Tesla community please feel free to contact us at Magnitude for a PCP quote on a Model 3. You can at least try our online finance calculator for an indication as it does have Model 3 residuals as of this week.

There are certainly a lot of people interested!

it says quote not available when I select Model 3...........

 

[DaveW]

it says quote not available when I select Model 3...........

Works for me? Just tried again now.

Sent them an email late on Friday for an official quote, hoping to get that back early next week.

 

[RjbT3]

"PCP will not be offered at all for Model 3"

That's a direct quote from an email I received late yesterday afternoon from Tesla UK delivery team.

 

[Gareth Davies]

Courtesy of Twitter, a finance co called Magnitude Finance have just updated their calculator for PCP and HP deals on the Model 3: Magnitude Finance - Prestige car finance, supercar & classic car finance

Anyone had any experience with them? Have requested a call back re the online quote their calculator provided.

Just came here to say this... I too have requested a call back. On my order (cash price £44,750 for SR+ Black with white int and FSD) they are offering on their online calculator:

10% deposit (£4,470)
49 x monthly payments of £651
Balloon payment £16k

Seems excellent. Will await my callback with interest but if they can honour that then I will probably sign on the dotted line.

 

[Gareth Davies]

Hi All,

Further to what Daz has just posted, Magnitude does have a lender for Model 3 PCP. Another lender has just pulled their PCP facility though, hence the confusion.

I'm sure this is probably against forum rules (so Mods - please do what you need to do ) but in the interests of serving the Tesla community please feel free to contact us at Magnitude for a PCP quote on a Model 3. You can at least try our online finance calculator for an indication as it does have Model 3 residuals as of this week.

There are certainly a lot of people interested!

Look forward to speaking to you on Monday Ed!

 

[Tony Hoyle]

That looks good. OTOH HP is only £750 or so for that build. PCP isn't the no brainer it was a few weeks ago...

 

[Gareth Davies]

That looks good. OTOH HP is only £750 or so for that build. PCP isn't the no brainer it was a few weeks ago...

Very true Tony and I am considering it... but I am struggling and stretching my monthlies as it is so this is a real possibility and over a shorter term... Potential to upgrade to a Model Y maybe haha

 

[Oddbin]

"PCP will not be offered at all for Model 3"

That's a direct quote from an email I received late yesterday afternoon from Tesla UK delivery team.

If that's true that's quite disappointing especially in light of the quite attractive Magnitude offers on this page never mind the others in other threads. I can't help feeling that this is "at the moment". PCP is still a huge thing in the UK and without it they are artificially limiting their sales but I guess at the moment that's not an issue given they are supply constrained.

 

[RjbT3]

Yeah. I think you're right.

Perhaps it will only refer to Tesla arranged finance and 3rd party options will be available.

 

[Tony Hoyle]

Well clearly, since third party options are available

 

[RjbT3]

Well clearly, since third party options are available

Are they? Where from? I cam only find bad PCP deals, bit like going to a loan shark. That Magnitude mob want to charge 6.9% APR! Plus they say they are for high net worth individuals. Sounds very odd to me.

 

[Tony Hoyle]

Magnitude, from this very thread.

Not sure what's happening with FleetSauce these days.