PCP / HP calculation prior to placing non-refundable deposit?

[ewanhamilton]

Hi guys,

To order a Model 3, you need to place a non-refundable £100 deposit. Only then can you request a finance quote.

What if the quote comes back at 11% or whatever, and I can't continue. I just get screwed on the deposit?

Is there a way to apply for PCP / HP from BH prior to actually placing the deposit?

Many thanks,
Ewan

 

[Mr H]

Give them a call and ask

0344 824 8888

 

[ewanhamilton]

Awesome thanks Mr H

 

[OOvOO]

Give them a call and ask

0344 824 8888

Hi, just ask have you negotiated with the rate with them?

 

[Mr H]

Hi, just ask have you negotiated with the rate with them?

No, i just applied online and got the 4.9%

 

[opieor]

Hi guys,

To order a Model 3, you need to place a non-refundable £100 deposit. Only then can you request a finance quote.

What if the quote comes back at 11% or whatever, and I can't continue. I just get screwed on the deposit?

Is there a way to apply for PCP / HP from BH prior to actually placing the deposit?

Many thanks,
Ewan

You don't have to order to get a finance quote, I didn't. You just have to click estimate payment, and then scroll down to "Apply for Financing" once you have spec'd your car (see attached screenshot). You may have to chase them to see if you have been accepted, I had to call them.

I am not aware of any negotiation on the interest rate, I received the same 4.9% as everyone else has. The low figure of 1% was when they first started offering PCP.

 

[OOvOO]

No, i just applied online and got the 4.9%

I believe 4.9% is not bad deal until some people saying 1.5%

 

[iconic_tb]

I believe 4.9% is not bad deal until some people saying 1.5%

I gave them a call to ask about this and both Black Horse and Tesla are saying 4.8-4.9% is non-negotiable at the moment. Maybe you could try your luck and push it more but I got feeling from both that asking for reduced rate is not what they are interested in doing at the moment. Guess they don’t have to with this amount of orders.

 

[OOvOO]

I gave them a call to ask about this and both Black Horse and Tesla are saying 4.8-4.9% is non-negotiable at the moment. Maybe you could try your luck and push it more but I got feeling from both that asking for reduced rate is not what they are interested in doing at the moment. Guess they don’t have to with this amount of orders.

I understand what you mean. Instead of spending 30 mins to call them, I would prefer work harder make it back.

 

[OOvOO]

I gave them a call to ask about this and both Black Horse and Tesla are saying 4.8-4.9% is non-negotiable at the moment. Maybe you could try your luck and push it more but I got feeling from both that asking for reduced rate is not what they are interested in doing at the moment. Guess they don’t have to with this amount of orders.

I’m not too sure about PCP or HP, not too sure I would keep it after 4 years. I kind get feeling of driving someone else’s car with PCP. And it may cost more to insure with PCP as well.

 

[Mr H]

I’m not too sure about PCP or HP, not too sure I would keep it after 4 years. I kind get feeling of driving someone else’s car with PCP. And it may cost more to insure with PCP as well.

PCP is just HP with part of the price deferred until the end of the term, other than that they both work pretty much the same way. Why would insurance be affected?

 

[OOvOO]

PCP is just HP with part of the price deferred until the end of the term, other than that they both work pretty much the same way. Why would insurance be affected?

When taking PCP, the legal owner is for example is Blackhorse. I think you will pay a little more is you are not owner but just register keeper.

 

[Mr H]

When taking PCP, the legal owner is for example is Blackhorse. I think you will pay a little more is you are not owner but just register keeper.

It's the same with HP as the loan is secured on the vehicle

 

[OOvOO]

It's the same with HP as the loan is secured on the vehicle

Ok, never buy cars with finance before....

 

[Cozzavillain]

I've just had my finance application approved - it is valid for 90 days and you can then place your order. Happy days!

I tried to negotiate APR but they're only offering 4.9% now. Still, my BMW was nearer 6 so it's what you're willing to pay. I haven't ordered just yet as debating colour!

Greg

 

[Mr H]

I've just had my finance application approved - it is valid for 90 days and you can then place your order. Happy days!

I tried to negotiate APR but they're only offering 4.9% now. Still, my BMW was nearer 6 so it's what you're willing to pay. I haven't ordered just yet as debating colour!

Greg

If you need a referral code for 1000 free supercharger miles, there is one in my profile