hello and welcome to episode three of my video diary series with the alfre romeo giulio veloce
and today i'm going to tell you how much it costs to buy and run this car for an average
person so that's not how much it costs in cash up front because nobody buys a car like that anymore
but it's how much leaves your bank account every month if you were to buy and run this car so it
won't be a particularly exciting video but it will be useful now before i get into it don't forget to
subscribe to the parker's car channel turn your notifications on and check out our other videos
on this car because there's also some useful stuff in there too
right first off let's figure out how much it costs to actually buy the car
well i'm just going to grab my notes for this section because i'm never going to remember
all those figures hots off my head can barely remember the car registration plates um right if
you were to get a base alfa romeo giulia veloce without options this car's got a couple of options
but if you get one without options it's and 43 799 pounds in cash if you were to use alfa romeo's pcp
finance program with the following terms which is a deposit of 5k 12 000 miles a year 36 months term
and 3 apr you also get a deposit contribution from alfred mayo of 1 250 pounds that then works out
at 619 pounds per month over that 36 months period with an optional final payment of 18 hundred and
seventy three pounds so the total sum to you is forty six thousand two hundred eighty seven pounds
which is two thousand four hundred and eighty eight pounds more than if you'd paid for the
car in cash you're still following good obviously though that's only half the story because there's
other things that you need to consider when you're buying a car or running a car such as insurance
and for that purpose i've used my alter ego ken dennis to get a quote so unlike me ken is 40 years
old he lives in peterborough got a clean license 10 years no claims his car's parts on the street
it's used for social domestic and pleasure and commuting and the result is 974 pounds annually
which is actually quite a lot i don't know why it's that much but i used a couple of comparison
sites to get that so the figure should be accurate um fuel well i took the 32 mile per gallon average
figure that i'm getting with this julia veloce and i calculated that over 12 000 miles for
the average fuel price at the moment which is actually pretty steep and it's 2574 pounds a year
yeah more than you think uh servicing i used alfremo's upfront service plan which is 699 pounds
and that covers you for the three years of the finance term finally road tax well first year
is included in the on the road price but from year one to five there's a hefty surcharge because this
car costs over 40 000 pounds so that comes in at 490 pounds per year for in this instance year two
and three so all in including the 5k deposit and the service plan the first year comes in at 16
675 pounds while the second and third year are 11 466 pounds each and crucially the really important
number there is 1390 pounds and 955 pounds per month those those are the magic figures and those
are how much it'll cost to run this car every month in years one two and three so now you know
now i know that's a lot of numbers and as i said it isn't that exciting but it is interesting
i hope and it's about to become more interesting because i'm gonna take all those figures i'm gonna
compare it to one of this car's rivals namely a bmw 330i m sport now we haven't got a 330im sport
here today because it seemed a bit much to get one for just about an hour's filming but you'll
have to imagine that this isn't 330 im sport for the moment and the figures are above the right cut
but anyway hopefully it makes sense um we're going to use the same finance terms as we
did for the alfred mayo so it's a 5 000 pound deposit it's a 36 month term it's 12 000 miles
a year and the apr is actually a little bit higher with bmw's pcp program it's 3.9 percent
but you do get a bigger finance deposit contribution which is 2016 pounds with the bmw odd
amount but yeah it's about 750 quid more than the alfa romeo you put all that into the calculator
it comes out at 568 pounds per month for the 330im sport with an optional final payment of
547 pounds and that makes the total sum 42 471 pounds which is about a thousand pounds more than
if you're lucky enough to be able to pay in cash the other figures they're not actually
too dissimilar the real world fuel economy figure for the bmw i obviously haven't got that
as reliably as i have for the alfa romeo but a bit of research and chatting to my colleagues suggests
it's around mid-30s so that's what we're gonna go with for the bmw the tax is exactly the same
because it's also over 40 grand the insurance very comparable 980 pounds using the same
parameters as i did with ken dennis and his social domestic and pleasure all in that's about 15 384
pounds for the first year of ownership on the 330i m sport dropping to around 10 874 pounds
for the subsequent two years thereafter or 906 pounds a month which is about 45 pounds a month
less than the alpha romeo so we're talking 540 pounds a year less something like that so finally
if you're interested in the overall totals i make that 39 607 pounds for the alpha and 37 132 pounds
for the bmw if you hand the cars back after three years and you don't take up the option to buy with
the balloon payment if you complete the purchase and you pay that balloon payment then it's 57
980 pounds for the alfa romeo and 54 679 pounds for the bmw which does mean that the alfa romeo
is a couple of grand more expensive in both instances and that's pretty much all down to
the manufacturer pcp deal i mean the insurance the the tax is the same the fuel economy okay it's a
little bit better on the bmw but not too much it does just come down to that pcp deal that you get
on the cars and how much they work out are being worth after the end of that three years so
yeah the alpha may it hasn't disgraced itself here but the bmw it is cheaper
so there you go that's how much it'll actually cost you to run
an alfa romeo giulia veloce for three years on pcp assuming nothing goes wrong tune in next
time where i'll be providing another detailed update on my experiences with the julia veloce
you