Using the old 80/20 rule I'm guessing that at least 80% of new cars are "bought" using the PCP model and so it's the finance deal that would either help make a sale or not as the case may be, rather than the retail price. And tbh I wouldn't be surprised if the PCP vs cash sale figure was the mid to high 90's. I have it on good authority that DMC's sales were 95% on PCP. Jaecoo hit the ground running when they launched in the UK with a 0% PCP deal then in September it went up to 1.9%, so combine that with a decent build quality, loads of tech and better reliability than the car you've cloned then you have a very competitive package which is helping them shift volume
With a 7-year/100,000-mile warranty (whichever comes first) on new vehicles in markets like the UK there's no risk. Unless there's a very small dealer network with limited techs & no parts. Whats the "Guaranteed Minimum Future Value" (GMFV), aka the balloon payment, which is the lender's estimate of the car's worth at the end of the term like?
I'd want some assurance on parts availability. Or are those rumours hot air? Wouldn't want to buy a new vehicle and then find it's off the road for long periods waiting for parts.
Apparently a number of owners have problems with allowing the battery to drop below 20%. Gives a lot of errors, and the car should be in smart mode.
For mine the GMFV is £14k, so a drop in value over 4 years of 60%. This is typically no different to a major established brand like BMW. Like Range Rover you mean? Jaecoo gives a 7-year/100,000-mile warranty (whichever comes first) which tells me that they are confident in their product. Yes "Smart Mode" is the mode to choose before you set off on each journey. Those that have had issues haven't used Smart mode and have left it in the default "Initial mode"
