a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
|
never bought a car on finance before
wahts the deal with it
how much deposit needed
what woul dbe rough monthly payments on 10k car
can you settle early without penalty etc?
cheers
|
richc
Member
Registered: 24th Mar 07
Location: Ilkeston
User status: Offline
|
Totally depends on the deal and period
|
shaunmods
Premium Member
Registered: 12th Mar 07
Location: Glascote, Staffordshire
User status: Offline
|
need more details mate. is it going to be a new or used car? its a new car there could be deals such as 0% or no deposit. If its used you probably wont get that. Depends alot on your credit rating aswell 
|
Adge
Member
Registered: 28th Aug 04
Location: Lancashire
User status: Offline
|
works out miles cheaperto just get a loan from the bank, i looked into it
|
CorsaKen1
Member
Registered: 22nd Nov 06
Location: Grimsby, North East Lincolnshire
User status: Offline
|
I got on finance a Vauxhall Astra 07 did not need a deposit for mine as it depends on as richc says deal and period and mine was pre registered also end of the 07 plates. Monthly payable was £270 and as far as my contract says I think I could settle early without penalty - hope this answers some of your questions in brief.
But I would get a loan personally next time.
edit: - the astra price was 10995 just to clarify
[Edited on 14-08-2008 by CorsaKen1]
|
AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
|
How is 0% NOT cheaper than a loan?
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
Yes it depends on the situation, you can't just say a banks cheaper.
The finance was cheaper than the bank when I had it.
|
Mertin
Member
Registered: 12th Oct 05
Location: Scotland
User status: Offline
|
Finance was cheaper than a bank with me aswell, seemed a better deal
|
Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
|
This is not really an ideal time to be doing finance, or a loan tbh. In the current climate, you are going to be stung either way (credit crunch has generally increased APR a lot!). I'd say 9/10, a loan would work out better. But in this time, finance may be a better option. If you could hold out for a bit by buying a wee heap to get about in, you may save lots in the long run.
|
Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
|
i had car finance. never. again.
|
mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
|
Im not really into buying things I cant afford outright,
Id rather have a loan from my bank rather than some finance company
|
LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
|
example, £10k at 10% apr over 5 years would be £250 a month
|
