INEOS PCP Comparison

[Halliwell Jones Chester]

I have made a small spreadsheet so you have a rough idea of PCP cost vs a couple of other cars, I don't think the INEOS Grenadiers include on the road charges so please don't take as exact, this is purely to give you a rough example.

 

[Halliwell Jones Chester]

Obviously I have only had time to do the UK so apologies to the rest of the world.

 

[Tazzieman]

What is this "PCP" gobbledegook?
I am a financial tard.

 

[Halliwell Jones Chester]

 

[Tazzieman]

OK different terms for different countries I guess.
I'm just going to use a mortgage overdraft account . Now that I have no mortgage I may as well enjoy the facility.

 

[DCPU]

I have made a small spreadsheet so you have a rough idea of PCP cost

Are these the official Ineos rates?

 

[Halliwell Jones Chester]

The calculator on the INEOS website is live now so you can play around with different figures and so forth. I just made a quick spreadsheet of it for reference.

 

[Davman]

Steve, this is probably a little off topic, but a question that has been on my mind in regards to the sales models that INEOS have implemented, and the role of HJC as a dealer/agent etc etc.
Obviously at the moment HJC get some $'s from every online purchaser who selects HJC as their dealer. You get this money I would expect when the Grenadier gets delivered to them.
This process will go on for a while I would imagine, as it appears that the online purchasers will be filling the production capability for at least the next 12 months.

So heres the question - is there a stage where HJC/dealer/agent will be, or has the ability to, order in cars for themselves to sell off of the showroom floor as it were, to customers who walk straight through the doors without going through the online ordering process?

Can you tell us what you can in this regard.

 

[DCPU]

The calculator on the INEOS website is live now so you can play around with different figures and so forth.

Have you got a link?

I'm only seeing the same explanation of what a PCP is and no calculator?

 

[Halliwell Jones Chester]

Have you got a link?

I'm only seeing the same explanation of what a PCP is and no calculator?

When you have the car on screen and it gives you a price at the bottom, next to that you should see a monthly payment. If you click that it takes you to the finance calculator, at least it does in the UK, what country are you from?

Steve.

 

[Halliwell Jones Chester]

Steve, this is probably a little off topic, but a question that has been on my mind in regards to the sales models that INEOS have implemented, and the role of HJC as a dealer/agent etc etc.
Obviously at the moment HJC get some $'s from every online purchaser who selects HJC as their dealer. You get this money I would expect when the Grenadier gets delivered to them.
This process will go on for a while I would imagine, as it appears that the online purchasers will be filling the production capability for at least the next 12 months.

So heres the question - is there a stage where HJC/dealer/agent will be, or has the ability to, order in cars for themselves to sell off of the showroom floor as it were, to customers who walk straight through the doors without going through the online ordering process?

Can you tell us what you can in this regard.

Hi @Davman it's an interesting model that we will be part of and very different to what we are used too.

As for will we be able to buy cars to sell to "walk in's" as such I'm not to sure, it could possibly happen but I really don't know, that's not me saying nothing because I'm not allowed by the way, I really don't know.

What I do know is we will have three cars eventually to display in the new showroom plus demonstrators.

Sorry I've not really given you the best answer, but it's the best I've got right now.

 

[DCPU]

When you have the car on screen and it gives you a price at the bottom, next to that you should see a monthly payment. If you click that it takes you to the finance calculator, at least it does in the UK, what country are you from?

Steve.

OK ~ I'm being dense with this.

I've got the price at the bottom bit, but only get the purchase plan option not anything else. If I click the "explore finance products", it loops to the purchase plan.

 

[Halliwell Jones Chester]

If you are looking at the 2 seat utility wagon then yes, this is the only option it gives you at present. Any of the other vehicles should give you PCP figures.

 

[DCPU]

Thanks ~ managed to get there in the end with your assistance!

 

[Halliwell Jones Chester]

Thanks ~ managed to get there in the end with your assistance!

No worries.

 

[DCPU]

So looking at a standard station wagon at £52k, with no deposit, there's a range of costs per mile:

6,000 miles per annum for 24 months = £2.10 per mile
30,000 miles per annum for 48 months = £0.38 per mile.

if you're dipping your toe into the Ineos waters for just 24 months it seems to work out cheaper up to at least 24,000 miles per annum, to just pay for 6,000 miles per annum and then the excess mileage charge of £0.149; rather than the locked in charges for fixed higher mileages.

The same is true of the 30 month contract up to at least 12,000 miles per annum.

 

[Halliwell Jones Chester]

@DCPU I knew you'd have fun with that calculator when you got in it.

 

[DCPU]

It beats Sudoku

And considering 2nd hand values for the any coming off contract - insofar as optional final payments represent cost/value Ineos have left in the vehicles:

24 months old, 12k miles - £33,570.75
24 months old, 24k miles - £31,607.25
24 months old, 36k miles - £29,643.75
24 months old, 48k miles - £27,731.25
24 months old, 60k miles - £25,903.75

 

[DaveB]

View attachment 7792343

That looks like what we call "Leasing" in Australia

 

[DaveB]

Hi @Davman it's an interesting model that we will be part of and very different to what we are used too.

As for will we be able to buy cars to sell to "walk in's" as such I'm not to sure, it could possibly happen but I really don't know, that's not me saying nothing because I'm not allowed by the way, I really don't know.

What I do know is we will have three cars eventually to display in the new showroom plus demonstrators.

Sorry I've not really given you the best answer, but it's the best I've got right now.

I hope it doesn't go to dealers being able to buy stock as it will kill it for everyone else.
The dealers will swamp the factory with orders for standard configuration vehicles, taking up build slots for customers who want to totally customise their vehicles as the model now stands.
The dealers will then take over control of the pricing and availability of the vehicles, accessories, spares.
I think it will destroy one of the real attractions of the vehicle.
Of course it will be great when the dealers have demo stock, that they can't sell, so you can test drive.