Talk Morgan Forums Community The Malvern Arms New car discounts?

I’m looking to place an order on a new Plus Four, I’ve noticed that the waiting list is a lot shorter than it was when I pondered the idea last year.

Has anyone recently placed an order and got a discount?

Reason I ask is that I’ve seen some figures for PCP for 12months ago and with £17k down it was £275 a month. However, now based on the same purchase price it’s £600 a month.

I’m keen to get my first one but have to make sure the numbers are right.

Not sure your original figures can be correct as £275/m only works out to £9,900 after 3 years; unless of course there was a huge balloon payment at the end of the order of £50k+
Unlike purchasing a new tintop where we can usually beat off a few percent, I have never heard of it happening with a brand new morgan…old new-stock maybe.

I have a screenshot but it won’t let me attach it. 100% confident on the numbers - have a look on the bell and colvill website as it has last years numbers.

https://www.bellandcolvill.co.uk/morgan/buy-morgan/new-morgan/morgan-finance-offers/offers-plus-four

Have you considered a dealer ordered car, they would be more likely to give discount as many have new cars unsold in the showroom. Don't think you will get a discount from MMC.

New order cars have a few changes coming out including dash controls for Bluetooth music, brake changes, different dials (taken from super sport), hence wondering about a discount on a a new car. I guess the best approach is to keep it simple on the options.

^ I agree with Keith, that's your best chance at a saving, official dealers have to carry 'stock' so a big overhead if it sits unsold for a long time

Some also have demo models with a few miles on, also usually available at a discount off list price as it's essentially a depreciating value overhead they hold

I think you would likely get a discount on a stock car currently at a dealer, but not on a bespoke order.

The pcp deals at Bell & Colville show just shy of £18k down and then an optional final payment of over £50,000. That makes a total payment of around £69k for the manual. That gets you the £275 per month servicing the interest payments at an APR under 5%. Indoujbt that deal is still available. Current deals have a higher APR and a lower optional final payment.

Personally, I like the APP option at zero percent APR. Stick the final payment in a good interest bearing account and the interest earned is your discount; not massive, but something is better than nothing.

Yes, as I had suspected and suggested, the final balloon payment is £51k+
In the current market, the dealer then has a 3 year old car to sell on and he’s unlikely to see a profit at all, so maybe thats why deals now have much higher monthly payments to pay more off the full price before its handed back.
I have never had anything to do with PCPs but I guess if you dont want to pay the balloon, you hand the car back and wave goodbye to the initial 17k+ deposit and the monthly payments; so it’s cost about 27k for 3 years ownership. (Think thats why I have never had anything to do with PCP but each to their own, as they say)

It depends on the car tbh for PCP. Almost all my high value cars have been on PCP because my money is invested elsewhere and it generates more than it would in a car ie plenty more than the finance costs; however it is then very much tied to overall cost of the PCP - the belle and colville offer from last year was without doubt worth it as a a deal but certainly not what’s on offer now. What’s also relevant is how long you are keeping cars for and how many you buy - last year I purchased 9 cars, then the wife put a stop to any more purchases until I reduced the collection……lol.

That said it’s the 50/50 over two years on 0% is the option I’m looking at; I was using the example in my OP to illustrate the change over the last year on PCP to understand if that significant affordability change is providing room for negotiation.

Appreciated the comments.

PCP quote reflects the anticipated value of the car after the time period. Likely that has changed given the collapse of the premium second car market. Just have a look at the Iconic Car auction prices to see what I mean