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Help me decide what to do at the end of my Elect3!

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  • Help me decide what to do at the end of my Elect3!

    By the 16th of May I need to have decided what to do with the DS3; buy it or give it back. I'm not going to be going for another brand new car cos I'd rather have the monthly payments as savings now.

    The car's a two year old (11 reg) THP150 and will have done probably about 17,000 miles. There aren't any extras on it as there was nothing I needed. The price they've given me to buy it is £8743. On Autotrader they go for as much as £13000 at the very top end so the Elect3 price is pretty good. Parkers say £11,580 as a private sale and £10650 for part-ex. I know I've already paid a fair chunk in instalments/deposit over the two years but to buy one second hand would set me back a lot more.

    I love the car but I'm stuck on what to do as nearly 9k is still a big chunk of cash to spend in one go. I have the money but I don't know if I want something different.

    So...my options are:

    1: Hand it back and look for something else
    2: Buy it and keep it
    3: Buy it and sell it on for a possible small profit

    If I hand it back, I'd probably buy the same type of car. I'd go for VW Golf size at most. I have looked at Defenders though but I don't know if I can deal with the slow pace.
    If I keep it, I'll remap it and maybe get an exhaust.
    If I buy it and sell it, I'd bank whatever profit I get above the Elect3 price and look for something a few grand cheaper.

    I'm completely stuck! Little help, people!
    May 2011 - October 2015: White body/black roof/white Bellone THP150
    October 2015 - Present: Black body/emerald green roof/black Aphrodite THP165
    Instagram @adamds3

  • #2
    Easy, buy and keep !

    You'll miss us too much otherwise !

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    • #3
      buy, otherwise you'll keep thinking of it
      MATT BLACK e-HDI chipped 146HP 302NM DS3

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      • #4
        You had any issues?
        Same year as mine
        Lots of tuning protection on later models- you can do what you like with yours
        So keep- and mod!
        CBLUE
        sigpic
        Jog on Noddy

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        • #5
          I would go with the buy it option, but don't forget you can re-finance the last part which might make things easier.
          ...I should never have doubted the Lord of Bacon!!
          Bigfeet's File Repository
          The DS3Club Bacon Appreciation Society

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          • #6
            No problems with the engine at all so far.
            I can afford to buy it at the end but I didn't know I could finance the remainder, Bigfeet. Is there still a percentage on that?
            May 2011 - October 2015: White body/black roof/white Bellone THP150
            October 2015 - Present: Black body/emerald green roof/black Aphrodite THP165
            Instagram @adamds3

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            • #7
              If you're planning to refinance to purchase the car you'd do best to shop around for the best personal loan rate - http://www.moneysupermarket.com/loans/ or similar !
              sigpic

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              • #8
                or if you can, pay for it on credit card, then transfer to an interest free card and switch the money to another 0% when the promotion ends. Seeing as I am doing this on the wife's car at the minute, so it woeks.
                62 Reg DS3 DStyle Plus - Sport Red with Black Roof

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                • #9
                  Whilst I personally don't like any finance (I paid my Elect 3 off in month 2, I took it to let Citroen pay £1500 of the price of the car for me ), you could, if you like the car, take the £10.5K equity and minus your settlement figure have a deposit towards another DS3 on Elect 3 (bulstering the deposit a bit if you wanted to)... all car companies deliberately make the final settlement less than the trade-in so it makes it appealing to get another one!

                  Regards,
                  Clive.
                  CL11 VEP 2011 Former DSport Plus 150THP Sport Red, now something else.......
                  DS3 Club's Former Resident OCD Detailer!

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                  • #10
                    THP was in the same dilemma as you !!!....Initially i was goin to keep my Ds3 Thp as the new engine has only coverd 4000 miles paying off the GFV.

                    Like you i have equity in the car £2800k.

                    Then i had a VIP Invitation to Howards Citroen...

                    Glad i went as i had a cracking deal 10% off of list price on top of that £1500 from Citroen plus they give me £9800 trade in.

                    I decided to put as much deposit as i could 40% was the max....To leave me in the same position in 3 years time.

                    I was going to have the Arctic steel again but decided i didn't want to look at this colour for a further 3 years so changed it for black black Dsport plus Thp so upgraded plus i get a free Samsung Galaxy Tab 2 7 inch Tablet thrown in.

                    Only thing now is iv'e got to buy all chrome bits again lol.

                    Delivery expected end of March

                    Regards Clarky.

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