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[quote][i]Originally posted by Fad[/i] Finance is a really bad way to buy a car whether you get an Astra VXR or not at the end of the day you never own the car and allthey offer you in return is another car in exchange after the three years so the bag the Net book Value of the car and you physically have nothing to show for the car except you got to drive it around etc. Also the typical APR is horrendous unless you haggle it down. Someone quite rightly pointed out you never own the car till the end of the payment period and by then the residual value is far less than what you paid for the car. Basically its like on a lease more or less. Get a loan and bag a decent apr like 6.1-6.2 % and then buy the car and if you want to sell it in the future you have the ability to as the car is physically yours and to be honest mate you never know whats around the corner and you need tobe able to free the money in emergencies. Also by having the loan and paying it back etc will improove your credit rating for future borrowing for other loans/mortgages. Also after the period where you want to exchange the car the PX deal on the car you currently have will be lower than the market value so you'll end up paying a bit more to a newer car its not just a case of handing them the keys after three years and picking another car...rember they are in it to make money. Do the figures mate I lost so much money on car finance compared to a loan worked out over four years I lost nearly 4K on a corsa thats pretty diabolical IMO. [/quote]
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