GR86 GR86 - The Toyota Finance Thread

beorg said:
That's correct.

It's not intuitive when you first think about it but you have to treat the GFV for what it is - an offer to purchase the car at a set price. It does not in any way affect the financed amount, as the total credit/finance value is decided by simply subtracting the initial deposit contribution from the total purchase price of the car. The interest is then frontloaded into your monthly payments based of the APR and the length of the agreement, regardless of the GFV amount.

The only way to keep the interest paid the same is to keep your initial deposit at the same level and lower your monthly payments when GFV goes up. However you will still need to find a way of paying that higher GFV at the end of the deal period if you wish to keep the car, and that could mean higher interest re-payments in the future.

EDIT: Higher GFV does protect you from the risk of depreciation, but I don't think anyone considers that likely with the current demand, limited supply and inflation climbing through the roof.
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Excellent Advise. Cheers mate!(y)
 
Just for ease of reference, here's the link to the details of the current AccessToyota PCP Offer:

www.toyota.co.uk

All New Toyota GR86 | Explore the Latest Range | Toyota UK

Building on the spirit of iconic Toyota sports cars, the new, more powerful Toyota GR86 combines sophisticated styling and a rewarding driving experience.
www.toyota.co.uk www.toyota.co.uk

I guess that there are (at least!) two "known unknowns" here:

1) What will happen to interest rates - in other words, will Toyota (GB) PLC have to increase the rate of 4.9% currently offered if a GR86 being purchased under the current PCP Offer is registered on or after the 1st October 2022?

2) The number of GR86s to be registered prior to the 1st October 2022 and how many will be registered on or after that date - if a significant majority of those GR86s ordered and being purchased under the current PCP Offer fall into the latter category, then Toyota (GB) PLC's (TGB) ability to extend the current PCP Offer may be limited. After all, TGB will still have to ensure that the numbers stack up...

Meanwhile, the uncertainty about the duration/status of the current PCP Offer just - to my mind at least - serves to underline the need for TGB to provide us all with some clarity about possible EDDs and the PCP Offer point etc..
 
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Previous posters have mentioned (after getting a call) that they were told that the order list should have all been contacted within 6 weeks which ties in with the end of June which may indicate they are aware of the PCP deal end date and are keen to address any issues that may cause.
 
Mantho said:
It looks like Toyota has already changed the PCP offer registered by date to Sep 2022.

My Order confirmation e-mail with PDF clearly mentioned my PCP quote with the registered by date as 31 Dec 2022.
View attachment 4540
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@Mantho,

Well spotted - my recollection was that the deadline for registration in the original PCP Offer was the 31st December 2022, but I did not have the evidence to verify that.

Interestingly, I note that the "Exhilaration Awaits" email which many of us have received from Toyota (GB) PLC (TGB) this afternoon makes no mention at all of any changes to the original PCP Offer...

However, the date change would suggest that TGB may be intending to replace the existing PCP Offer (i.e. the amended version) with an alternative one which will then be made to all those customers who have ordered GR86s (and opted for the PCP Offer) with Estimated Delivery Dates of on or after the 1st October 2022.
 
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I tried to phone Toyota FS directly to get more info about the PCP offer and after being passed between about 5 different departments over a 25 minute period I was eventually told to ring the dealer:mad: Lost the will to live after that so if someone has a knowledgeable dealer they would like to ring.... mine hasn't inspired much confidence so far.
 
Bit random but the original hard search on my credit file for PCP by Toyota now shows as being removed??? Hope its just that as its going to be a while its been removed and they will search again at time of delivery. Guess will just have to see what happens with rates/ offers nearer to delivery.
 
Does any one have the PCP numbers?

I'm interested in knowing the GFV after 3 years for 6000 (or 8000) miles per year, and the interest rate (wasn't it 4.9% APR). Manual car.
 
churchie said:
Does any one have the PCP numbers?

I'm interested in knowing the GFV after 3 years for 6000 (or 8000) miles per year, and the interest rate (wasn't it 4.9% APR). Manual car.
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I don’t have the exact quote but remember it along lines of… 42months PCP with 8k miles per annum. Roughly £4700 deposit, 42x£299 a month and GFV of £17k(ish)
 
churchie said:
Does any one have the PCP numbers?

I'm interested in knowing the GFV after 3 years for 6000 (or 8000) miles per year, and the interest rate (wasn't it 4.9% APR). Manual car.
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All New GR86 Latest Offers | Toyota UK

Make the most of our latest retail offers & promotions for the GR86 range. Interested? Contact us directly or get more details on our website.
www.toyota.co.uk www.toyota.co.uk
 
v8s said:
I tried to phone Toyota FS directly to get more info about the PCP offer and after being passed between about 5 different departments over a 25 minute period I was eventually told to ring the dealer:mad: Lost the will to live after that so if someone has a knowledgeable dealer they would like to ring.... mine hasn't inspired much confidence so far.
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Hi, did anyone else take up the PCP after their cash order?
I mentioned to Toyota when I got the call that I now want to take the PCP, they said they would get back to me. I probably should give them another call if the PCP deal ends at the end of June?
 
grzoostuff said:
Hi, did anyone else take up the PCP after their cash order?
I mentioned to Toyota when I got the call that I now want to take the PCP, they said they would get back to me. I probably should give them another call if the PCP deal ends at the end of June?
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Not me but interested to hear what reply you get. I might switch to PCP too
 
I did debate doing a loan, part ex and some cash to get it as I want to keep it anyway but the PCP deal is handy for now and I can always loan the balloon at the end.
 
grzoostuff said:
Hi, did anyone else take up the PCP after their cash order?
I mentioned to Toyota when I got the call that I now want to take the PCP, they said they would get back to me. I probably should give them another call if the PCP deal ends at the end of June?
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Two weeks on (and two weeks before the end of June offer) any update?
 
Called the main number staff training, called the original number they rang me from who tried to put me through to finance - no answer:(
Will try again tomorrow. Don't want to miss the PCP deal now my car has left the factory....
 
grzoostuff said:
Called the main number staff training, called the original number they rang me from who tried to put me through to finance - no answer:(
Will try again tomorrow. Don't want to miss the PCP deal now my car has left the factory....
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Try to call the online sales team. They are really helpful. I called them a few days ago to apply PCP as I defiantly need a approved proposal (long story. and Online Team were trying to help me to avoid any credit search) to extend my current Finance deal. It was done in around 20 mins.
 
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