Kenp1
Established Member
I've bought several cars from Motorpoint including the MG4 and they have always been really good. I do always check the service history.
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XPower bargains UK November 2025
Don't doubt they are good, most car dealers are good when you purchase but Motorpoint aren't going to fix any issues with an MG
Kenp1
Established Member
I'm a bit confused, I wouldn't expect them to fix the car, that's what the warranty is for. Just had the service done on mine today and the dealer applied the LKA update, and has ordered the undertray fix kit.
There have been issues previous with members buying cars from non franchised dealers and clarifying the service history is all good and up to date
Kenp1
Established Member
That's why I said I always check the service history.
But also same issue from franchised dealers... cough... MG Beaconsfield... cough...
Kenp1
Established Member
Seems about right, it's nearly 4k and that's a lot to me,
I only added as I was just doing a bit of browsing and it popped up, it isn't something I'd buy.
T1 Terry
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Doing the pound to AUD conversion, you people pay a lot for your cars is 25k is a bargain price ..... Is that full on road with all the taxes and rego paid?
T1 Terry
T1 Terry
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£25k is a great price for a new XPower (list price is 37k), and that's an on-the-road price including the first year road tax.
olliewebb
Established Member
I just vom'd a bit. Look at that arch gap! Looks like 90s training shoe.Think the "ugly" version as you call it.
Which is actually growing on me a bit.
Nice if an X Power version came with the Cyberster GT 500 bhp, motors.
Perhaps a bit like this.
View attachment 41018
Think I'd be tempted. Well we can dream.
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Biccys
Established Member
I popped in to my local dealer today and they've offered me a new X-Power in the matte green for £25,250. My problem is offloading my prefacelift mg5. The gfv is £10,750 but they valued it for px at £7500! My settlement is £12000 as of today and it's due in March. Brilliantly over the mileage by 6k already as well, so that's £1250 in mileage fees.
Anyone got any advice on my least worst option so I can get one??
Anyone got any advice on my least worst option so I can get one??
olliewebb
Established Member
Either:
1) Early termination of your current car and pay off the mileage charges.
2) Sell it to Motorway/WeBuyAny car/etc and pay off the mileage charges.
3) Depending on how long you have left on your current deal, run it until the end and hand it back, trying to reduce your mileage at the same time.
Which ever works out better.
Whatever you do, do not roll any negative equity into your new car, that is a road to ruin.
Consider a car in future with better residuals, an XPOWER isn't one of them by the way, especially with a new MG4 on the way. That's why I leased mine.
Or just my preferred option, lighting it on fire.Agree, needs bigger wheels.
I have no idea why the internet wants Barryboys to come back so badly.
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The problem you have with buying a brand new EV, depending on the amount of deposit the residuals will be pretty poor, you will lose your deposit and end up with negative equity and walk away from it at the end of your PCP deal
olliewebb
Established Member
Not really a deposit is it? It's an initial payment. You don't get the "deposit" back.
While true, you can mitigate it. For cars that are known to depreciate more, look at leases vs. PCP (and make sure you do at least some checks about what it'll be worth in 3-4 years time). Some EVs depreciate more than others, especially brand to brand too
Don't buy a car that's about to be facelifted (unless it's such a huge discount or you plan on keeping it a long time) - again check the motoring press before buying. Be aware of any car that seems to be discounted a lot (especially when it's not been out very long), this will ruin used values, how often do you see BMW slashing prices? This is something that killed Lancia and Alfa Romeo back in the day.
Try and get a car on 0% and put a less of a deposit you normally would and then put the rest of the money in high interest savings for the life of the contract, you can even use the Chase high interest current account and put as much money as you can into the account and pay for the car that way too (of course if you can afford it).
This has generally served me well, when I did buy on PCP in the past (had seven cars this way) I only ended up in negative equity once due to massive over-mileage, I just used my rights to early terminate and paid the small charge so I didn't roll any negative into the new vehicle, every other car I've had that way I've ended up in a nice amount of positive equity. Of course they weren't EVs, and interest rates were generally lower, but buying smart can help you later. I did actually trade a car in for more than I paid for it new once, granted this was during COVID, but that was very nice.
It's the second largest purchase you'll make after a house, so you really need to be prepared. I knew the XPOWER wouldn't be worth much in 2-3 years, so I leased it which has turned out to be a better option looking at used values around my mileage on Autotrader.
Of course if you plan to keep it 10+ years ignore all of this and buy anything (within reason).
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JonnyG
Prominent Member
Well the only sensible financial option is to see your PCP contract out to the end (March ?) and select the “Return the Car” option which is your right under the contract. The finance company then come and collect your car and will save you the £1000’s in negative equity you are currently in as you never have to pay the GFV or Balloon Payment. The finance company take that hit. You will have to pay the over mileage charge but it will still be much cheaper and better than paying the £3250 negative equity.
Could do a voluntary termination if that point has been reached (as long as that's something that you haven't done previously)
Biccys
Established Member
I tried this but the dealer screwed me over. Turns out my PCP isn't actually a PCP, it's a fixed term, fixed price with a GFV. Sounds like a PCP to me but apparently Santander don't agree!
I have the option of buying the X-Power in cash outright but the answers above about residuals are a fair point. I'm thinking with my right foot, not my brain really!
olliewebb
Established Member
Yep! Under the Consumer Credit Act 1974, you have a legal right to voluntarily terminate your agreement after you have paid at least 50% of the total finance, including interest, fees, and the final balloon payment.
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