Perhaps another way of looking at it, is why are there so many 1 year old cars out there for sale.Wowzz wrote: ↑Tue Feb 12, 2019 4:26 amInteresting replies - I may have been a little unwise in choosing an Audi as a comparative choice! Personally, I still do not believe any Arona is worth £23k, when there are so many other 1 year old vehicles out there for a lower figure. How about a Mazda CX5 for example?
And, buying a car on PCP is a dangerous road to go down. I know Seat are offering 0%, but so much depends on residual costs that it make me nervous. I can get a bank loan for 3% - gives me much more freedom and flexibility for relatively little cost.
The average person does not offload a car after 12 months if they like it, they only get rid of ones they don't like early
I have never come across anyone leasing for a year.
Some may be ex rentals where they have a policy of changing the cars quite early, a few may be demonstrators that a dealership has held for a year, but where are remainder coming from, perhaps cars rejected due to faults.
I have hired quite a few cars on my travels, but never seen a Q2 lined up in the rows of cars, even at airport sites with dozens of cars awaiting pick up and drop off, so I suspect the ex rental is small. Does this simply mean the ones out there are overpriced and take ages to sell.
A quick look at Autotrader (excluding brand new) shows 208 Arona for sale, but 508 Q2 for sale, so two and a half times as many used ones. Of course the Q2 has been on sale longer, but not a good reason for so many more than a mass market car like the Arona. Implies the Q2 doesn't sell easily used.