Vehicle Finance

[willisit]

Sounds like some good deals to be had, if you ignore the BoE base rate.

I'm looking at an Audi S3 Saloon this year; I think Audi is mid-4% on PCP, but I like the flexibility of being able to give it back, or just run it for 3 years and then chop it in.

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[Heartworm]

I was tempted to get finance and keep my TVR too, but I use the TVR so little im selling it instead. Ford finance does not seem at all competitive with what's out there.

 

[SteveS]

I was tempted to get finance and keep my TVR too, but I use the TVR so little im selling it instead. Ford finance does not seem at all competitive with what's out there.

If you want an example of non-competitive, get an insurance quote from them. Talk about "should be wearing a mask..." ;)

 

[Manders Mustang]

If you want an example of non-competitive, get an insurance quote from them. Talk about "should be wearing a mask..." ;)

But then on the flip, their service price isn't all that bad! :lol:

 

[benanderson89]

Do some digging, you might find the oddest choices work best for you.

I got Ford's PCP plan which was four-and-change percent at the time. I'll have £15k to pay at the end of it and, plus interest, was cheaper than a bank loan for me as people were offering me an absolutely ludicrous 7-odd percent for anything a penny over £20k! :eyebulge: I guess its because I'm not a home owner; my credit rating is a good 16% above the national average so its all I can think of.

Get a bank loan to pay off the remaining £15k at 3.2% and I'm no worse off.

 

[simonp83]

Do some digging, you might find the oddest choices work best for you.

I got Ford's PCP plan which was four-and-change percent at the time. I'll have £15k to pay at the end of it and, plus interest, was cheaper than a bank loan for me as people were offering me an absolutely ludicrous 7-odd percent for anything a penny over £20k! :eyebulge: I guess its because I'm not a home owner; my credit rating is a good 16% above the national average so its all I can think of.

Get a bank loan to pay off the remaining £15k at 3.2% and I'm no worse off.

Exactly my plan, I'll have a balloon of 21k at the end of the 2 years but will be able to stick a good few thousand to get that down to 17k in 2 years so a 17k loan...or I give the car back and go a different direction with my life.

 

[willisit]

Do some digging, you might find the oddest choices work best for you.

I got Ford's PCP plan which was four-and-change percent at the time. I'll have £15k to pay at the end of it and, plus interest, was cheaper than a bank loan for me as people were offering me an absolutely ludicrous 7-odd percent for anything a penny over £20k! :eyebulge: I guess its because I'm not a home owner; my credit rating is a good 16% above the national average so its all I can think of.

Get a bank loan to pay off the remaining £15k at 3.2% and I'm no worse off.

An excellent choice. I've done the same in the past (although the last car I did it with was a C1 so the final payment was easy to save for, or pay off with a credit card!). Thinking of the same with the S3.

 

[stevec]

Can see where this thread Is going to end up again :lol:

Surprisingly it hasnt!
Maybe your words were enough to ward off any self opinionated idiots from posting.

Anyway, a persoal loan is def a good option and I have heard that banks are keen to start loaning money again so its a good time to apply.

Nationwide are doing some pretty good rate and can apply online for an instant decision.

Make sure you get PPI!!

 

[Toecutter]

Just to say I talked with someone at Yorkshire/Clyesdale a few days back and they can do a percentage point lower than the ford finance currently being offered if anyone was looking.

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