I'd be fairly pleased at losing only a third of the value over three years. Not many cars do the same.
Total of £16k for a £12.5k car. That's an awful deal, if you have no interest in paying the GMFV there's loads of good lease deals out there. If you want to own the car then a Sainsburys loan will cost £13.4k including interest, £190 a month over 60 payments, £2k down.
Got a pcp quote from the dealer today. For a red one with a £2000 deposit from me and 10k miles a year, its £179 for 36 months and a gmfv of £7500. Seems reasonable to me?
Seems like not a bad motor. Any reason why these cars have such low residual values?
Depreciation is still going to make this expensive. 3 year old gtc's with low miles are advertised at around 8k, so making lots of assumptions, buy this at nearly 13k, you still lose c1700 per year. Which, over 3 years, is about what you would lose on many other cars. As a cheap entry to buying a brand new car it's a good deal, but you would have to run it for a long time to make it worthwhile.