I agree. Its not the cost it is what it is worth to you and how it compares to the market. £365 and getting a great deal = happy
£365 and feeling you over paid = not happy
£365 and feeling you over paid = not happy
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PCP / Lease / HP??
- Thread starter Jeffb
- Start date
Ironically Hyundai are offering PCP 0% APR on the i30se and a £1500 deposit contribution! I think they are going to have to offer something if they really want to get a few on the road soon. Will see if my dealer rings tomorrow!
At the end of the day this is a brand new model. Infact its not technically released until tomorrow. They were never going to offer discounts and deals straight out of the box despite our hopes.
The reviews are strong and those who have driven the car know its a great car.
The 0% on SE shows that Hyundai are not aganist subsidising their cars but I don't see this happening with the N for sometime yet.
The question is whether or not the car is worth it at full price. I think it probably is. I fall foul of comparing a new N with a used rival and thats not apples for apples. Yes the GFV could have been better but realistically it is a 28K car. It would struggle to get much below £350pcm without a fairly hefty deposit.
What would I have been really happy with. £320pcm, so its £40 more. Of course I can say oh its only just a bit more and man maths starts to take over. But should it be a deal breaker if you really want the car
As you can see I'm so far on the fence I can't see the floor.
The reviews are strong and those who have driven the car know its a great car.
The 0% on SE shows that Hyundai are not aganist subsidising their cars but I don't see this happening with the N for sometime yet.
The question is whether or not the car is worth it at full price. I think it probably is. I fall foul of comparing a new N with a used rival and thats not apples for apples. Yes the GFV could have been better but realistically it is a 28K car. It would struggle to get much below £350pcm without a fairly hefty deposit.
What would I have been really happy with. £320pcm, so its £40 more. Of course I can say oh its only just a bit more and man maths starts to take over. But should it be a deal breaker if you really want the car
As you can see I'm so far on the fence I can't see the floor.
I do think the car is worth £28k. Compared to my car, it is certainly well worth the extra money.
I just don't see the sense in not offering some kind of incentive (other that a competitive starting price) but, I mean in terms of PCP or Personal Lease. We are talking about a brand and a hot hatch that MIGHT struggle to gain traction and will certainly have an uphill task to prise the badge snobs away from VW, Ford etc. Some competitive rates would help.
Disclaimer - I know this is a separate entity and the I30N is a special kind of car BUT, I can get a Cupra 300 for less than £300 per month with only 3 months up front. Now, I don't want a Cupra but hey ho, there's a point in there.
We have seen great reviews of the I30N and the whole buzz of this car is great, but it will quickly disappear if people don't want to commit at that price.
I'm remaining hopeful though that I can work something out
Agreed with what you have all said. Discounts should come we just have to be patient.
One of the reasons the Golf R gained so much traction (pun intended) was very cheap lease deals from the off and excellent reviews.
The other question is how much margin does Hyundai have in the N? I don’t think it will be a halo car were they make very little to a loss on each unit?
One of the reasons the Golf R gained so much traction (pun intended) was very cheap lease deals from the off and excellent reviews.
The other question is how much margin does Hyundai have in the N? I don’t think it will be a halo car were they make very little to a loss on each unit?
Agree with all comments. No way people the public will pick the unknown Hyundai n brand over BMW / vw / seat established brands when those cars can be had with significant discounts. The discounts offered by manufactures means they are actually a pretty similar cost to the i30n. From this perspective it doesn't look so cheap after all.
Also Hyundai took the line that their lack of options for the UK market was cost cutting... But clearly that hasn't helped anything.
Agreed cupra r for less than 300 a months and 3 motnhs up front says it all.
Even if focusing on the rrp.. almost 30k new. And it's worth 10k at 4 years. Do I want to spend 20k over 4 years on this? I'm not so sure.
Hyundai need to have a rethink. Great publicity. Great German launch. Poor effort from UK dealers. Poor effort from an option perspective. Poor effort from a financial pov.
Also Hyundai took the line that their lack of options for the UK market was cost cutting... But clearly that hasn't helped anything.
Agreed cupra r for less than 300 a months and 3 motnhs up front says it all.
Even if focusing on the rrp.. almost 30k new. And it's worth 10k at 4 years. Do I want to spend 20k over 4 years on this? I'm not so sure.
Hyundai need to have a rethink. Great publicity. Great German launch. Poor effort from UK dealers. Poor effort from an option perspective. Poor effort from a financial pov.
Here is an example on an offer for an M140i shadow edition. Before anyone says it’s not an N, the reason I am posting this is 1/ it’s a direct competitor 2/after discounts comes in just under £28k
M140 Shadow Edition 3 door.
Manual.
Basic spec (HK sound, Sun Pro Glass, Cruise and rear PDC are all standard).
List price £34,485 OTR
Less Dealer contribution £4490
Less BMW contribution £2250
Customer price £27,745.
Customer deposit £1000
then either
35 x £362.10 plus GFV £17,244
or
47 x £336.36 plus GFV £14,958
APR 4.9% and 8000 miles pa.
Anyone from baby BMW will know this is of course a TRL deal.
Hyundai have to be beating deals like this to get people into the N
M140 Shadow Edition 3 door.
Manual.
Basic spec (HK sound, Sun Pro Glass, Cruise and rear PDC are all standard).
List price £34,485 OTR
Less Dealer contribution £4490
Less BMW contribution £2250
Customer price £27,745.
Customer deposit £1000
then either
35 x £362.10 plus GFV £17,244
or
47 x £336.36 plus GFV £14,958
APR 4.9% and 8000 miles pa.
Anyone from baby BMW will know this is of course a TRL deal.
Hyundai have to be beating deals like this to get people into the N
That was me. I hope you guys don't mind. But it's a big shame that the car has got quite a following pre release and Hyundai have botched the UK side of things as stated above - poor dealer knowledge , reduced options , and now poorly competitive finance deals. And that is shown by the number of people on here who have said that it's now unlikely its a viable proposition. The car is great and has all the right ingredients. Hyundai UK just need to get their act together and help make the N brand the success it should be.
That is a great deal and TRL has built quite a following in the BMW forums. We need a Hyundai equivalent to show up ASAP .
Although the base M140i Shadow comes with nice kit and you wouldn’t be disappointed im sure.
Whilst half asleep I’ve just added about £90pcm to the price to get it up to the same spec as the N.
You realise how much the N has as standard.
5 Doors
Comfort access
Full Nav with traffic updates
Front & Rear PDC
Limited Slip Diff
Lumbar Support
Electric Seats
Adaptive suspension
Reversing Camera
Apple Car Play
Wireless Charging
Folding Mirrors
Driving Assistant
Speed Limit Display
.Although the base M140i Shadow comes with nice kit and you wouldn’t be disappointed im sure.
Whilst half asleep I’ve just added about £90pcm to the price to get it up to the same spec as the N.
You realise how much the N has as standard.
5 Doors
Comfort access
Full Nav with traffic updates
Front & Rear PDC
Limited Slip Diff
Lumbar Support
Electric Seats
Adaptive suspension
Reversing Camera
Apple Car Play
Wireless Charging
Folding Mirrors
Driving Assistant
Speed Limit Display
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Well it looks like I’m off to the dealer tomorrow to see what’s what. I’m lucky in that it’s my other half’s employer that I’ll be dealing with so won’t get all the typical sales patter which is nice.
I think my head is telling me to wait but at the rate my car is depreciating I’m kinda pushed do go for it now.
I’m not too fussed about the cost though tbh, it’s the first car I’ve seen in years that’s actually grabbed my attention enough to go for a test drive. Then, I was sold.
If I do go for one soon and prices drop later on then so be it. The way I see it is it’s only money and I want the car so that enough justification for myself and my other half to go for it. (Edit - That was in no way supposed to come across as arrogant. I’m far from loaded!)
A comment above about Hyundai being the outsider and no one will go for one over a BMW, VW, bla bla bla is rubbish. As I’ve stated previously it’s nice to be different and not follow the sheep and I think the i30N is a more enjoyable drive than a Golf R.
Just my opinion though, whatever I do/find out I’ll post on here for you guys to see.
I think my head is telling me to wait but at the rate my car is depreciating I’m kinda pushed do go for it now.
I’m not too fussed about the cost though tbh, it’s the first car I’ve seen in years that’s actually grabbed my attention enough to go for a test drive. Then, I was sold.
If I do go for one soon and prices drop later on then so be it. The way I see it is it’s only money and I want the car so that enough justification for myself and my other half to go for it. (Edit - That was in no way supposed to come across as arrogant. I’m far from loaded!)
A comment above about Hyundai being the outsider and no one will go for one over a BMW, VW, bla bla bla is rubbish. As I’ve stated previously it’s nice to be different and not follow the sheep and I think the i30N is a more enjoyable drive than a Golf R.
Just my opinion though, whatever I do/find out I’ll post on here for you guys to see.
I think in-30n was referring to the general public / mass market re choosing other brands. Certainly this is case for the majority of comments of i30 N threads on mainstream forums e.g. pistonheads. The point is Hyundai have to maximise their presence on the road to get of to a good start.
Re: finance. The RRP is very good but without competitive finance deals it is still out of reach for most people. And those people will go for the more affordable route..ie m140/ golf R etc..
Fortunately for Hyundai they might have actually got their claws too deep in most people for them to pull out now.
I think I speak for most people on here when I say I have been following the development of this car since it was first known. It is a special car and ticks many, many boxes for me and my wife.
I do not want a Cupra, nor a Golf R nor a M140i. I really don't, and I'm not just going to see a lower monthly payment for any of these cars and dive right in. It's the I30N or nothing for me -whether that means I wait a while, then maybe.
I have a decision to make, my wife eloquently stated that 'you only live once' last night but I'm still torn as to whether to go for this now....