Financing A Alfa Romeo Giulia Quadrifoglio *HOW MUCH?!*
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- เผยแพร่เมื่อ 11 ธ.ค. 2018
- The Alfa Romeo Giulia Quadrifoglio, A 510bhp powerhouse but will it break the bank if you decided to finance one? Here the Alfa Romeo Giulia Quadrifoglio finance is broken down to both a new PCP and used PCP finance deal. I hope you find it useful. Also some nice accelerations and exhaust sounds from the Giulia QV!
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*Hi all hope you liked this! A thumbs up always helps. Thank you! Check out my personal Instagram @stefvillaverde just put a post up about TH-cam and if you want to start in 2019 what to be mindful of*
Stef, When you rev that high in rpm and shut down instantly it's very bad for the turbo's as they run dry out of oil and will damage the turbo and engine over time. Always alow 30 sec or more in idle before shutting down the car. It hurts to see you do this!
stock steel brakes have a horrible pad compound, swap the fronts with HAWK HPS totally fixed the biggest issue
its not really good to buy one.... if youre a bar tender ;)
What a great sounding car. Good vid Stef keep it up!!
I hope your channel grows. You're fun to listen to and i really enjoy your spin on auto topics
Thank you so much 🙌
Thanks for the video on this. If the depreciation is that big, will wait a few years until a little more affordable.
Very interesting to compare the numbers. Thanks for the comparison. I’d wait until it has depreciated for another year before jumping in on a finance deal.
Love the channel bro great vid 👌💯
Great Vid Stef. Proper brass taps reality check, factual lowdown on a car we all aspire to own. Lots of thoughts as to how this car will depreciate? How desirable it will be as a second hand purchase when its out of warranty? How tough mechanically will it be long term? Having driven the Autolusso tuned veloce Giulia I can say I was very impressed with this car. Nothing like the qv of course. But a nice veloce q2 for me one day, mapped and sorted is my obtainable reality. Keep up the great work mate. Really enjoy your down to earth approach to your reviews and video's.
Thank you Damien 🙌🙌
One of few modern cars an old school guy like me can love 😍 this thing is the DREAM daily! 🍀🇮🇹
Good video mate and finally some race mode flyby's ! love them. Basically , your gonna need deep pockets or a lot of cash to buy & run one of these ..... we can all dream though :D
Yeah not cheap at all but an incredible machine 🙌
I like the video because of the point ''I can afford to have it now'' . I fell in love in Giulia , would really love to have it but.... I think the best thing to do is to buy it with cash , no credits no PCPs and stuff. If we take the price of registration , assurance and the fuel it is way more expensive than we thought on the beginning (also there will be speeding tickets because of this monster). Thanks Stef for the video.
Great channel, great video and an amazing car. Keep up the content in your videos and I hope that your channel grows well for you. God 🙏 Bless you.
Thank you
You win new subscriber with this video .. well done
Thank you so much 🙌
dont fret guys, ive seen some for as low as $50k used over here in the states, lets see what itll be in two years!!
I'm going to still keep my alfa 156 gta a bit longer so I can save up a bit more
Great video as always Stef. You forgot to mention another way to have the car new....PCH! I got quoted for 8k miles a year with a 12 month deposit and over 4 years just over £600 per month including VAT. Then you simply give the car back after 4 years and order a new car. I think it's the cheapest way of having this dream car brand new without having to worry about depreciation and having the trouble of selling afterwards.
Great point. Yep PCH Defo gives peace of mind 👏 thanks for watching man
8k a year? Hardly worth having a driving licence. Ridiculous. 😂
Steven Hearnden you can add more mileage. You don’t have to go with 8k miles. For example 10k would add another £20 per month. It’s not that ridiculous if you live and work in London...
Is it just me that thinks the concept of giving back any car after paying a huge monthly price is very very expensive motoring!? £600 x 48 = £28800 total spend for basically renting a car for 4 years.....that’s over £7k per annum cost for just the car!!!!
Here’s an idea, buy a £10 or £15k car in the first place and sell it 4 years later for £7 to £10k....or even better buy an appreciating asset (e46 m3 / z4m etc) still enjoy driving and not lose any money on its assett value.!!!
I just think the world has gone mad on people financing things they really can’t afford!
William Oakes yes that’s how much you’d lose in depreciation anyway wether you buy it or “rent” it. Cars just lose value like it’s going out of fashion unfortunately. If you like new cars which no one has owned previously then this is one of the best options. If you like or don’t mind used cars then it’s a better spend.
PCP'd mine, no regrets...you only live once. I'm self employed so my mileage relief offsets most of my car financing anyway ;-)
Another great and informative video. The Quadrifoglia is one of my options to replace my 595 comp. I could buy a used one like in your example outright or do you recommend paying 50% deposit and the rest as HP.
Can’t recommend mate. It all depends on your own financials and what disposable income you have bud and how much you are willing to spend on a car 🙌
Stef, love your videos and the editing on the special ones is on point 💪 need some advice. looking at an A45 FL obvs want the Pano roof and the Aero. Any other options you would recommend ? Also I’m guessing after this video finance is better than a loan (what was the PCP company ? 😉🤣)
Thanks dude. The example used was from Alfa main dealer and Magnitude finance 👍🏻👍🏻
Great video and Great Salvator Ferragamo high tops mate.
🙌🙌🙌
Salvatore*
In Aus, Depreciation of this car has become your best mate as new it's 160k but get a year old model with only 2k km driven and the price drops to around 110k even as low as 100k with good negotiating. Really amazing I tell ya!
Mario Sallak
Keep it quiet Mario. I will be buying one in Oz next year!
😀
Yeah Mario I've been watching them on carsales! Huge depreciation! I found one that entered the 90 grand range the other day! What is confusing me is why so many of them have such low kms! Seriously after a year you'd expect 10k km atleast but plenty of them have only done a couple thousand ks. What gives?
@@skyhighvids That's the thing that scares me but in all honesty I think it's because it's not selling all too well here. Plenty of BMW m3 on the road selling at MSRP and I see plenty of c63 as well selling at there prices but I am yet to even see a qv on the actual road. I think it's all to do with the reputation of the brand and the demographic at least here in NSW who just crave German cars over the rest.
@@FATALDEATHZ thanks for the quick reply. I have seen three giulias all in Chatswood (Sydney) over the last couple weeks. Two base models and then just the other day one QV. I couldn't believe the presence it had on the road. My mouth literally fell into my lap. I think you're right that Aussies just don't appreciate it and just think M3 or C63 at this price range. I'm hoping to pick up a QV for under 40k in the next 4-5 years. Until then I'll keep watching videos haha.
@@skyhighvids Better for us it stays this way. Much more cheaper and rarer than the rest hehe
Depends on much you make.
Good channel, salient points made.
Different folks, different strokes and all that. But unless buying as a business I'll never get my head around these finance deals. I mean sure, if you don't mind paying through the nose for something that isn't yours (unless of course you're willing to pay off the balloon at the end)...
Also, 6%+ interest is just criminal when your bank will almost certainly give you a rate approaching half that, if not half (assuming you've got a decent credit rating of course). I've taken two loans out for car purchases in the last 7 years and both times interest was in the low 3% region.
Onto the Alfa - this is the only car that will replace my modded and much loved 987.1 Cayman S. I've got two kids and although have occasional access to the wife's car, when my youngest starts school in 2 years time, a 2-seater is obviously going to present a rather fundemental problem on the school run.
Thing is Alfa have been properly lax re: Apple/Android Carplay which is a must-have for me so I'd opt for a used MY2018 car come '20. At present my car's worth around 14-16k (private) and hopefully it will retain that value until I'm in a position to buy.
If I'm not, I'll just keep the Porker and buy a little runaround until I can save more.
This is the car to avoid buying, with finance or without.
I bought list price for 64.5k in cash (all the options except ceramics and sport seats).
Tried to sell 8 months later (due to terrible brakes, unuseable tyres, and serious throttle lag).
I called 14 Alfa dealers, to try to sell the car. Only 1 was interested. The other 13 didn't want it, weren't interested, wouldn't call back, etc.
I sold for 47.5k.
That's a 17k hit in 8 months. The car had done 2800 miles.
Hire-purchase won't work on this car, because you'll be sick of the brakes and turbo lag after 1 year. And you won't want to buy a set of winter tyres.
PCP, you'll have poor finance terms, and won't want to pay the balloon.
I've instead bought a Cayman GTS. Won't depreciate like a QF, is as quick as a QF (and quicker off the line in normal mode), and is more driveable in every situation.
It’s a lot of depreciation man. A big hit there!
What i that song at the end and what are they singing about its so catchy lol
Alvaro solar ft Flo rida & Tini - Cintura remix 🙌
its worth every penny than some!
👏👏👏
I love this car beautiful thanks Alfa
A good video Stef would be to show that you can walk into any premium car dealer and buy one of these with NO deposit up front. For every £1000 down it equates to roughly £25 extra a month. So in your PCP example, it turns £750 a month into £1000. From a financial point of view it is absolutely pointless putting such a big deposit down on a car which is yet to lose all of its initial depreciation. The bulk of that £10k would be lost straight away. It is better to use the £10k to earn money on itself during the lifetime of the car. Say you take out a 48 month pcp to get the lowest monthly, everyone tends to swap cars after about 24 - 30 months into the term. You will never get the return on that £10k in that time, it is dead money, where as paying the extra £250 per month over that period equates to £7k over the life of the vehicle ownership period. Meaning you pay less, lose less and have a lot of liquidity to use money to make money.
Great comment mate. Good point too 🙌
Patrick2332 thank you for such a plainly described financial point.
This is bad advice from a financial perspective.
The ideal deposit size really depends on the PCP interest rate and on how much you value the liquidity that keeping the deposit offers. Any money you put down as a deposit reduces the amount you borrow for the PCP, and therefore the amount that you are paying interest on. If you can obtain a better return than the PCP rate, then it does indeed make sense to keep the deposit and invest it.
Likewise, you might be able to get a return which is only slightly worse than the PCP rate, and accept that slight loss as the cost of higher liquidity.
However, PCP rates are commonly far higher than the guaranteed return the average investor can get for their money. This is especially the case for second hand PCPs. Using this video as an example, Magnitude's 6.8% APR is quite a bit higher than you could guarantee over a 4 year period.
The depreciation and resulting balloon payment for the car does not at all factor in to judging the deposit size, at least from a financial perspective. From a psychological perspective there are other considerations that might affect deposit size, including the relative sizes of deposit and balloon payment.
Patrick2332 me thinks you're in finance or are just v clued up?
Either way fantastic explanation for people like me who are a bit T'ick!
Martin Getliffe thank you! Having gone through this a lot and seen family and friends put down ridiculous cash deposits I just wanted to give some advice. I also raise money for my own business so I understand numbers. Hope it’s helps bud.
Nice video, thanks! What site is that for the finance options?
Magnitude finance
@@StefABtv Cheers dude.
Great video! Not many youtubers will openly admit to financing a car but, like you say, why pile your money into a depreciating asset? It’s madness! Anyway, that’s a hell of a lot more expensive that I thought it would be so I won’t be looking at them anytime soon haha!
Madness? You really sum up the typical mentality of a millennial #clueless. 😂
haters gonna hate. Nothing we can do about it
@@DylansCarReviews he says, driving a knackered Audi A6. 😂
@@stevenhearnden6103 You know nothing of my life or upbringing for me to get where I am today and I'm grateful for what I have. I don't have room in my life for bitterness. You have a good evening, Sir.
Good video. Not a cheap car at all. Lol. I'll stick with my abarth.
Defo not cheap
Would this be a good idea to buy it when you earn 12k a month
I have just ordered a new one and got a deal 0% over 2 years on a PCP,
took a bit of leg work between dealers but i'm over the moon.
That’s great at 0% 👏
So you are effectively leasing the car then? 😉
@@stevenhearnden6103 i have put down a 25k deposit then payments of 385 per mnth for 2 years them i will finance the final payment at that point. i think it's a great deal
Ouch....
Big money but hey well worth it you can afford it I guess! Lovely car. How you finding it and liking it?
Love it mate. Amazing car
Stef ABtv glad you do, wasn’t it Joe A that was massively underwhelmed by it? Or was it someone else? I knew I read it on someone’s story recently.
as close you get to a four door ferrari made by ferrari engineers in a ferrari factory with a ferrari engine.
Not really man
No, only the engine is derivate from Ferrari (and you still have to work on it, it's not as simple as copping of 2 cylinders and that's it), the rest is Alfa Romeo.
Mmmm, what a delicious car 😍🇮🇹
Basically mortgage money that. No thanks!
Great and realistic video, depressing and realistic reality.
😂😂
I'm at university and want to buy a second car for next year, I have a year no claims and will be 19 years old at the time I need to buy. What is the most fun I can have for under a grand to buy the car and then be realistically insured on
That’s a tough one mate. I had a peugeot 106 GTi at your age. Great fun!
Vw up 1.0l goes like a go kart. Whatever you choose just make sure it’s less than a 1.2L as it otherwise gets expensive on insurance...
Under a grand is a though range to find a good reliable car.
If you go a little bit higher towards the 1500 - 1700 price range then the money is much more worth it.
Fiat Seicento Sporting! Cheap to buy, insure and run, fun to drive, something different to a dull Corsa or Fiesta - do it! 😁
Good grief I want one so badly. You did not help in my rationalizing a purchase! (By the way,it is always unsettling for me to see your videos as you tool around on the left side of the road. :) ) No second-hand Giulia's available anywhere near here, unfortunately. All the doctors and lawyers are hanging on to theirs. Ouch! the monthly payment is painful. Around here it is a house mortgage payment. Thanks for the analysis though. ( I still want one).
😂😂😂 thanks for watching man 🙌
You are very welcome. Keep up the great videos, and don't lose sight of the wonderful Abarth 500!
The dealership I am getting my 595c from next month (buzzing!) said they won't allow test drives on this car since they have had 2 595s binned on test drives 😂
You mean Giulias? It’s a handful of a car a lot of power to the rear wheels :)
Stef ABtv Nope, they have had 2 people crash their 595s some how haha
You forgot to mention worse part on new lease, your restricted to 5000 miles per annum, then your paying by the mile as well after that, Alfa setting a 5k per annum limit on lease on these tells you a lot about there long term values and maybe durability.
Good point there.
Their value are going up (this car is loved all over the world and is the start of Alfa Romeo coming back) as well as reliability, while both go down for the germans.
Can i just put it on my Christmas list ?
Haha yes fingers crossed for you 😂
The a45 costs pretty much as much as a giulia q, how can you not afford it? Finance a low miles 6 month giulia, big hit already taken, finance is easier, easier to chew financially, open a formal business for youtube channel, regist the car as the property of said company deduct expenses as business as well as the car, to make it even more chewable.
TH-cam ad revenue....? "talk to me" (Terry tibs) 🤔... that's more than our mortgage! Make a video on TH-cam ad revenue...what people actually get for views etc.👍
what can I get for £17 a month?
Aids 😀
...then there's the 30K service for $2K, U.S. funds here. It's an 8 hr service!
Yeah running costs are high but you can get them with service packs so it’s all included
@@StefABtv looks like your making a case here Stef😎
Nice video, a car in most cases does not qualify as a depreciating asset, rather a car is a liability that cost you money to own and run with a gradual depreciating curve. The word investment is incompatible with a car purchase, but there is an exception such as a rare vintage Ferrari or Porsche. I will wait until it hit the final point of its depreciation curve before I buy this car, I did it with my Z4M coupe.
How do you know when it hits the bottom?
@@StefABtvOnce you see prices start to go back up again.
How the hell do people view a QV a natural logical upgrade from an Abarth?! The RWD journey would be better started with an MX5...
Not so much similarity of the cars but obviously an interest in more quirky, Italian cars. Abarth = fun when you have no kids. Giulia Q = fun when you have kids and a dog 😂
Do they think people are made of money wow that’s crazy amounts of money for a working class man.
It's still cheaper than the competitors, and it won't kill you with optionals too unlike the others.
Andrea Moroni wow
Unless the interest rate on a PCP is 0% then buying a car, especially one as expensive as this, on finance is financial idiocy. Just look at the interest payments! £7k on your second-hand example - £7k! Madness. If you have to pay on finance then you can’t afford the car - simple.
Christopher Madam what a stupid comment
Christopher Madam why doesn’t everyone have expensive cars then
This vehicle looks so sexy!!!
It’s stunning 👏
if you can't pay it cash, you can't afford it. simple as that.
Yes that is why morgages shouldn't be allowed and people should have to pay cash ?
Retarded comment
Just wait for the New Alfa Romeo GTV .. You know you want it ... and a Fiat Abarth 125 Spider or a Fiat 595 or an Alfa Romeo Quadrifoglio (the most flawed Sedan ever made! just look at the B pillar. well you can't miss it! and your rear seat passengers are going to charge you for their chiropractic bills when they no doubt injure their backs getting past the ridiculous rear wheel arch...it might as well be a Coupe !!!!! ) ... Oh did I mention WAIT for the New Afla Romeo GTV .... and stop wasting all your time in these ridiculous cars .... oh yeah yeah the Quadrifoglio is Definitely worth every pound ...................
I won't rant for ever. All I will say is NEVER EVER EVER PCP or go for any of this modern lease bullshit.
Beutiful car tho. Great video bud.
How comes man?
@@StefABtv One aspect is a car on lease is a negative asset. As you don't own the car it has no tangible value. Essentially your literally renting it nothing more (Unless you pay the balloon payment at the end) So you drop a big deposit down, pay XYZ per month for something you do not own. For taxi drivers, driving instructors etc it's perfectly fine. They will likely offset these huge bills onto there corp tax.
I know countless people who have leased cars (PCP's) and Banks and Building Societies will not touch them because of them. I worked in finance for 4-5 Years with many mortgage advisors and it's a serious stumbling block for people to get approved. As I said the banks see them as monthly spent money for absolutely nothing. At least if the cars on personal finance their is an asset to claim on.
Honestly Stef, PCP's in my view are one of the biggest failings of modern motoring. Your better off owning your own car (even if it's far cheaper) you have no debt to your name etc...
Sorry pal you did ask 🤣🤣 rant over.
Am sure PCP'S suit certain people but I honestly think people are just not advised on the long term effects and especially if they want future (more important) financial commitments.
Don't get me started on mileage caps, conditon appraisals and miss selling 🤣🙈
Problem is Walter, most of this country don't have the mentality or intelligence to understand what they are getting into. How much are the monthly repayments? Great, i'll have one now. Pathetic really.
@@stevenhearnden6103 absolutely agree. First thing dealers ask, what's your monthly budget. Then then try and make the figures work and hey Ho, the buyer has been reeled in none the wiser. People are just not looking at the bigger picture
I respectfully disagree with some of the other views. Leasing makes complete financial sense, I would never invest large amounts of cash in a depreciating asset. If you have £60,000 in the bank, you should either invest in a high return account or pay a chunk off a mortgage so your interest payments are less... but don’t spunk it on a car that loses money every single month.
Of course you have to be in a position that you have a spare £700 per month and should not stretch yourself to that but investing in a depreciating asset just doesn’t make sense.
Performance is great, but you wouldn't get looked at twice in it.. Looks like a big standard alpha. C63 or m4 any day
An interesting time, when a top of the line BMW is the cheaper car compared to an Alfa ... and most people would go for an Alfa. Brexit, Trump, now THIS! WTF is going on with this world lol :D
The Giulia is the cheaper one amongst the competitors, and it won't kill you with optionals unlike the rest.
Yeah, ok, but you're driving a GAY class and paying good money for it.
Love the channel bro great vid 👌💯
Thanks Dan 🙌🙌