Heard an Outlander advert on radio so I looked at Mitsubishi website - Plenty cars BUT No prices for PHEVs - phone dealer for Finance Deals!!!
Autotrader has lots of PHEVs for sale - but no adverts from Mitsubishi dealers - only 3rd party dealers - seemed strange!
Has the price of cars been forgotten? - only the monthly payments seem to matter.
Is this just a marketing gimmick / trick? or is it the future?
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It is all about the monthly payments now, or so it seems... There are some crazy deals out there...
I ordered a BMW 330e this week almost entirely because it was cheap, on a per month basis. It's plug in petrol hybrid, disappointingly given the nomenclature (at least to those of us with a vague idea of how BMW model names used to work) with a 4 cylinder petrol turbo engine. But it does have 252 HP and in theory does 135mpg. I'm assuming it actually will average 35mpg :p
List price, with leather and metallic paint, list price on the road is £36,175. A 3+23 month lease, 12k miles a year, is £220 a month. It'll apparently do 21 miles, up to 72pmh, on electric only power. My commute is around 10 mikes, so with a recharge at work I should be able to get here and back on battery only... That'll save me around £50 a month in diesel commuting. Maybe the same again in other running around... Net cost (man maths on) is £120 a month for £36k of car. Yes, yes, I inow there's the deposit. And insurance... But still...
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That's a good deal, Peter. What's the upfront payment if you don't mind me asking?
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3 months (£660). (The 3 in the 3+23)
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>> That's a good deal, Peter. What's the upfront payment if you don't mind me asking?
>>
3 x £220, presumably, followed by 23 x £220, total for two years use £5720
Not sure how a £50 diesel saving offsets £100 of monthly rental though.
And does the payment include VAT, exclude VAT, or is it actually PCP? What's the residual/balloon?
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Should be called the Mitsubishi Outlandish. It would at least match their spurious claims of over 100mpg!
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It's a straight lease - no residual/balloon payment. Just hand it back. Not maintained, so I expect there will be one service due...BMW's seem to go around 18/20k miles before needing a service?
And my mistake - I screwed up the VAT! It's £200 plus vat, so £240 on a personal lease. £6,240 over two years. Not much over £250 a month ;). I reckon the Merc, for which I paid £32k brand new in 2011 is now worth £16k tops. So that's lost around £330 a month - more on a two year basis I am sure.
Even if you knock the £5k grant of the list price, and then assume another 15% off, I can't see how buying it would work out at any less. £26/27k to buy, and surely worth no more than £18k in two years? Especially as I've ordered metallic brown :o
The diesel saving is pure man maths. It will be cheaper to commute in than the merc...and in my mind the maths are such that I can keep the estate and commute in the BMW at very little extra cost. I know that's not really the case...
Though I reckon I could sell it and buy the E500 Estate that's currently on eBay for £5,500 and free up enough cash to fund the payments on the BMW and have a nice holiday somewhere... So, buy a hybrid to save the planet, and offset it with a V8 petrol ;)
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I did consider this
www.goleaseuk.co.uk/?p=viewdeal&dealid=156
Which is a similar price for 12k miles... Higher up front payment on the example linked mind you. There's a lot of offers around at the moment. Apparently the new A4 is available at stupidly cheap prices too. Pays not to be too fussy as to what you'd actually like though ;)
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>> Especially as I've
>> ordered metallic brown :o
You are a man of exquisite taste.
Congrats on the man maths too, spectacular.
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They don't actually call it brown. But it is... With 'oyster' leather. Almost white!!
Last edited by: PeterS on Tue 26 Jan 16 at 13:32
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Magnifique, Rodders. Well played.
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>> This is the colour:
>>
>> tinyurl.com/jm32ecd
>>
>>
Phew - I had visions of BL Metalic Sparkle Aged Dog Poo.
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I have been looking at lease sites but most don't do automatic quotes where for the mileage that I am looking at (25k p/a). Can anyone recommend any please?
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BMW 330E
Almost the perfect company car - very low BIK and sporty.
But the lead time that work are quoting is MARCH or APRIL 2017!!!!
As my car goes back in two months its not practical.
Time to look for something similar.
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The only European country I've bought a new car in is the UK. Other than that I've bought new in the US and Brazil.
ONLY the UK quotes such insane lead times. I quite understand why they do it, it is massively to their advantage, but I am surprised the customers put up with it. As far as I've experienced they wouldn't tolerate it elsewhere.
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>>As far as I've experienced they wouldn't tolerate it elsewhere.
Exactly! I can't wait 11 months for a car!
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>> ONLY the UK quotes such insane lead times
You can't compare buying new in the US and Europe. Most cars are bought from stock in the US aren't they? They come with fixed specifications - so if you say wanted a car with Xenons you tended to have to go for the top model and get a lot of other extras too.
I can't comment on the lead times for cars in other European countries. But for a car like a BMW with so many options, practically everything is built to order. Still such long lead times as zippy is quoted is a little on the high side for what remains a mainstream high volume car.
Mind leaving it until two months before changing company lease cars is cutting it a bit short. I ordered my A3 in April 2014 and it arrived in the October.
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>> Mind leaving it until two months before changing company lease cars is cutting it a
>> bit short. I ordered my A3 in April 2014 and it arrived in the October.
>>
I was waiting until it appeared on the list of available cars. It's 49g CO2 makes it a steal for company car BIK.
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>> You can't compare buying new in the US and Europe. Most cars are bought from
>> stock in the US aren't they? They come with fixed specifications - so if you
>> say wanted a car with Xenons you tended to have to go for the top
>> model and get a lot of other extras too.
>>
But likely far cheaper than in the UK.
The US system seems fine to me - does there really need to be literally millions of possible permuations of spec?
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I didn't realise it was a different approach although in hindsight I can see it may well have been. It happens that the last car I bought was "fully loaded" so I don't think there was anything else I could have asked for. But it was the car and colour I wanted, including the roof and engine.
The last time I went in on a Friday night, looked at a car, thought about it, went back on the Saturday, ordered and paid for it, and had it by the end of the day.
>>You can't compare buying new in the US and Europe.
I don't see why not. They are different, which was my point.
>>Most cars are bought from stock in the US aren't they?
I don't know, but I imagine that they must be. I do remember a colleague buying some BMW and having to wait a few days - less than a week though.
However, why should the car companies bother in the UK when the customer will wait for months and means that the Mftr doesn't have to risk his own money?
Anybody bought a new car from another European country?
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For my A3 I compared the cost of the S-Line plus the options I wanted vs. the Sport with all the options I wanted. The S-Line was cheaper. But didn't come as standard with everything I'd wanted in the UK, e.g.
- Leather/suede seats
- Heated front seats
- Adaptive headlights
- Parking sensors front and rear
- Auto dimming rear view mirror
- Folding and dimming door mirrors
- Upgraded stereo
- etc.
I suppose in the US there'd be a variant with everything. I got my A3 before my car was due for replacement (just). I was allowed to order the Passat CC early due to long lead times... it turned up with months to spare and sat in a compound (5 minute walk from home) for a few months.
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>> >> ONLY the UK quotes such insane lead times
>>
>> You can't compare buying new in the US and Europe. Most cars are bought from
>> stock in the US aren't they? They come with fixed specifications - so if you
>> say wanted a car with Xenons you tended to have to go for the top
>> model and get a lot of other extras too.
>>
Honda's sales model here in Austria, presumably in the UK as well, is a range of standard specifications, with virtually no factory fit extras. Most of these are driving aid packages, and on the model we ordered, satnav. Even so we had to wait what I thought was a surprisingly long 2 months for our CR-V, when all we'd specified was a particular colour and satnav. We were told they were all built to order.
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Have you got the 330e yet Peter?
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>> Have you got the 330e yet Peter?
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A review would be well received if you do have it!
My lease co has given me an 11 month wait for one grrrrr!
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>>
>> Has the price of cars been forgotten? - only the monthly payments seem to matter.
>>
>> Is this just a marketing gimmick / trick? or is it the future?
>>
Seems to be the future, after all 250 quid a month (or whatever) sounds a lot less than 36 grand on the road. The vast majority of car adverts I hear/see these days focus on these kinds of deals. Buying a brand new car outright seems even worse a deal than in the past, financially speaking.
As somebody on here pointed out a while back, this way the manufacturers/dealers get to choose when 'we' change our cars.
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Financially, buying a brand new car outright rarely ever makes sense. Desire or want is the only valid factor at play for new sales.
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>> Financially, buying a brand new car outright rarely ever makes sense. Desire or want is
>> the only valid factor at play for new sales.
>>
Exactly, at which point meeting the desire at the lowest cost is just a case of damage limitation :)
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Unless you buy second hand at a good price and keep the car for many years.I've bought a few new cars outright no big deal just run of the mill cars.
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End of your time with the LEC Peter? Is the BMW an estate or will you have to make other arrangements for the tip run?
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>> End of your time with the LEC Peter? Is the BMW an estate or will
>> you have to make other arrangements for the tip run?
>>
It is, but not for a while - delivery is not until June!! By then the Merc will be nearly 5 years old, and in fact will have been replaced by the new model I think? Unfortunately the BMW 330e is only available as a saloon. The MB C350e is available as an estate, but it's more than twice as expensive to lease, and it's not as big as an E class inside by some margin... I think the fuel savings from running a PHEV can justify an older Merc estate for when the space is needed... S211 E500s are around the £5k mark ;)
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Mitsubishi Outlander II - Radio advert for PHEVs - PeterS
