Mazda CX-5 only £219.35 / 24 month, deposit £6,250.00 & 0% APR - Optional final payment £13,936.50 at Perrys
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Mazda CX-5 only £219.35 / 24 month, deposit £6,250.00 & 0% APR - Optional final payment £13,936.50 at Perrys

£15,462.70 Free P&P FreePerrys Deals
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Mazda CX-5 only £219.35 / 24 month, deposit £6,250.00 & 0% APR - Optional final payment £13,936.50 at Perrys
Posted 7th Jul 2020
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MAZDA CX-5
2.0 Sport Nav 5dr
Perrys
price£29,399.00
or only £219.00 per month
RRP £30,130.00
Saving £731.00

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Perrys Canterbury Mazda
Perrys Canterbury Mazda
01227 683 526
Personal Contract Purchase Offer
PetrolManualEstate5 doors2.0 cc17E149
Description
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Technical spec
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Available at all Mazda Dealerships


PCP Representative Example

Duration: 42
Monthly payments of:

£219.35

Deposit contribution: £0.00
Customer deposit: £6,250.00
Retail cash price: £29,399.00
Optional final payment: £13,936.50
Option to purchase fee: £0.00
Total amount payable:
£29.399.00

Total amount of credit: £23,149.00
Representative APR: 0.0%
Rate of interest p.a.: 0.0% fixed
Annual mileage: 6,000
Excess mileage charge: 7.5p per mile
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Top comments
Sorry mate but this is freezing. Around £11.5k for 2 years. You can have the same car leased for 2 years on a quick search for £9.9k and I wouldn't consider even that a deal
Edited by: "Neil82" 7th Jul
Yeah, I can't see any deal here.
Now if they were selling it for £15.5k, that would be a different matter.
Edited by: "DodgeySolenoid" 7th Jul
Only £219...?
But pay attention - you ONLY pay £6,5k upfront as well.
30 Comments
Only £219...?
But pay attention - you ONLY pay £6,5k upfront as well.
Sorry mate but this is freezing. Around £11.5k for 2 years. You can have the same car leased for 2 years on a quick search for £9.9k and I wouldn't consider even that a deal
Edited by: "Neil82" 7th Jul
Not really a deal is it?
Yeah, I can't see any deal here.
Now if they were selling it for £15.5k, that would be a different matter.
Edited by: "DodgeySolenoid" 7th Jul
You could buy the volvo v90 outright, and pay for insurance and petrol for 2 years for less than this...
6k upfront is steep for a car like this
0% finance is always welcome for the PCPers, but no list price discount? Who buys a new car with no discount these days,?
I don’t really get why people pay £1000s to technically borrow a car for a couple years. Yes you get to drive around in a new car but you never own it.
Be a great deal without the extortionate deposit! Basically very few people will pay the optional payment, so it cost £583 a month for 24 months if you gave it back, and the car would probably be worth less than tne optional payment, wow! This is far from being a deal!!!!
Nice car, poor deal.
WAWG07/07/2020 08:43

I don’t really get why people pay £1000s to technically borrow a car for a …I don’t really get why people pay £1000s to technically borrow a car for a couple years. Yes you get to drive around in a new car but you never own it.


Probably because car prices are so extortionate post Brexit that it’s all anyone can do to afford them. Not to mention that fact that it’s not all that sensible to pay tens of thousands of pounds for an asset that will depreciate massive in the space of a few years. Many cars will depreciate more than the cost of a lease/PCP over the term.
James_Prescott07/07/2020 08:47

Be a great deal without the extortionate deposit! Basically very few …Be a great deal without the extortionate deposit! Basically very few people will pay the optional payment, so it cost £583 a month for 24 months if you gave it back, and the car would probably be worth less than tne optional payment, wow! This is far from being a deal!!!!


It is rare for the car to be worth less than the optional payment.
WAWG07/07/2020 08:43

I don’t really get why people pay £1000s to technically borrow a car for a …I don’t really get why people pay £1000s to technically borrow a car for a couple years. Yes you get to drive around in a new car but you never own it.


This is pcp not pch.
WAWG07/07/2020 08:43

I don’t really get why people pay £1000s to technically borrow a car for a …I don’t really get why people pay £1000s to technically borrow a car for a couple years. Yes you get to drive around in a new car but you never own it.


I've got 2 x 1 year old cars in the household, one was bought new. I own them both outright but am under no illusions that I'll keep them forever and know that they're depreciating by £220-250 a month each, but both cars would cost around £400 a month each to PCP on a 6% APR deal.

There's no snobbery in me owning them outright. If I could'vd got a lease deal for both at £250 each, I'd be leasing right now and using the money elsewhere.

Unless you're going to buy a car new and run it into the ground over 12-15 years, why is it a big deal to get a new car every 3 years that you don't own?
CoeK07/07/2020 12:07

It is rare for the car to be worth less than the optional payment.

Otherwise the PCPer would simply hand back at the end of the term with no more money to pay.
Fonzy191007/07/2020 11:59

Probably because car prices are so extortionate post Brexit that it’s all a …Probably because car prices are so extortionate post Brexit that it’s all anyone can do to afford them. Not to mention that fact that it’s not all that sensible to pay tens of thousands of pounds for an asset that will depreciate massive in the space of a few years. Many cars will depreciate more than the cost of a lease/PCP over the term.


Cars have been increasing in price extortionately since 2008. When VAT dropped to 15%, the manufacturers increased their prices correspondingly. When the scrappage scheme came in, car manufacturers increased their prices correspondingly.

In early 2009, the RRP for then runout Golf GTI was £21k, runout MK7.5 prices for the lowest denominator GTI is £32750. 50% increasse in 11 years. How many people have seen wage growth like that?
Edited by: "monkeyhanger75" 7th Jul
monkeyhanger7507/07/2020 12:41

Otherwise the PCPer would simply hand back at the end of the term with no …Otherwise the PCPer would simply hand back at the end of the term with no more money to pay.


Exactly. The optional final payment is usually designed to allow the car being handed back to have some equity to be used in the next car. They want that to be the case so that you don't hand it back without taking another car for fear of losing that equity.
CoeK07/07/2020 12:58

Exactly. The optional final payment is usually designed to allow the car …Exactly. The optional final payment is usually designed to allow the car being handed back to have some equity to be used in the next car. They want that to be the case so that you don't hand it back without taking another car for fear of losing that equity.


Exactly this. We are coming to the end of our 3yr PCP on a Renault Zoe and using the equity as deposit on a new Zoe on PCH with monthly payment at £161 for 2 yrs(y)
CoeK07/07/2020 12:07

It is rare for the car to be worth less than the optional payment.


I think your missing the point, but it does It depends on what prospective you look at this.

In this case where you are paying full Retail regardless of 0% APR with a whooping £6000 down. , No discount, big deposit, average monthly payments and lets say the optional payment is probably just worth the value of the car at the end of the term

You are still paying £583 (deposit and monthly payment combined) for 24 months plus £16000 if you keep it.

Look at the bigger picture, not the residual value!
James_Prescott07/07/2020 13:31

I think your missing the point, but it does It depends on what prospective …I think your missing the point, but it does It depends on what prospective you look at this.In this case where you are paying full Retail regardless of 0% APR with a whooping £6000 down. , No discount, big deposit, average monthly payments and lets say the optional payment is probably just worth the value of the car at the end of the termYou are still paying £583 (deposit and monthly payment combined) for 24 months plus £16000 if you keep it. Look at the bigger picture, not the residual value!


I'm addressing the probably worth less than the optional final payment thing that you said.

It won't be.
CoeK07/07/2020 13:34

I'm addressing the probably worth less than the optional final payment …I'm addressing the probably worth less than the optional final payment thing that you said.It won't be.


Your paying an optional payment upfront. in this case, IT CALLED A MASSIVE DEPOSIT!! So yes the overall optional payment is more than the car is worth. Like I have explained simply, look at the bigger picture!!!

And a good day to you Sir or Madam whichever it is
James_Prescott07/07/2020 13:45

Your paying an optional payment upfront. in this case, IT CALLED A …Your paying an optional payment upfront. in this case, IT CALLED A MASSIVE DEPOSIT!! So yes the overall optional payment is more than the car is worth. Like I have explained simply, look at the bigger picture!!!And a good day to you Sir or Madam whichever it is


Yeh you seem confused.

The optional final payment will be lower than the value of the car at the end. Nothing about the rest of the deal changes that.
So, is the Mazda CX-5 a good car or no?
Fonzy191007/07/2020 11:59

Probably because car prices are so extortionate post Brexit that it’s all a …Probably because car prices are so extortionate post Brexit that it’s all anyone can do to afford them. Not to mention that fact that it’s not all that sensible to pay tens of thousands of pounds for an asset that will depreciate massive in the space of a few years. Many cars will depreciate more than the cost of a lease/PCP over the term.


Yes I understand the initial depreciation on a new vehicle is vast, that’s why it’s usually more sensible to buy a low mileage 3/4 year old car when it’s reached the point where the depreciation levels out to around £500- £800 per year.
My figures are based on buying and selling privately and experience.
The description for this completely wrong, it's 42 monthly payments not 24.

Deposit = £6,250
42 monthly payments of £219.35 = £9212.70
Optional final payment = £13,936.50

£15462.70 is the total you'll pay if you hand the car back after 42 months, equivalent to £368.16 per month

If you pay the optional final payment to own the car, you'll pay £29,399.20 in total.
We’re not in April again are we already?!
James_Prescott07/07/2020 13:45

Your paying an optional payment upfront. in this case, IT CALLED A …Your paying an optional payment upfront. in this case, IT CALLED A MASSIVE DEPOSIT!! So yes the overall optional payment is more than the car is worth. Like I have explained simply, look at the bigger picture!!!And a good day to you Sir or Madam whichever it is


The initial deposit amount doesn't impact the final optional payment on PCP, also known as the "Guaranteed Minimum Future Value" (GMFV). Even if the car is worth less than the GMFV at the end of the agreement, the customer can hand the car back without paying anything more, so it's not in the finance company's interest for the GMFV to be more than the car is worth.

If the deposit on this was lower, the monthly payments would be higher to counter it. The final payment would be the same either way.
Does motability cover the monthly payments?
Edited by: "bluebodie" 2nd Aug
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