Jamescorsa97
Member
Registered: 19th Aug 04
Location: Middlesbrough Drives: Cliosport 182
User status: Offline
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quote:
Originally posted by MikeE
low apr loans are the way if you have to borrow the moneys
The finance is a lower apr than the bank loan........
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by FruitBooTeR
quote:
Originally posted by muppetsport
quote:
Originally posted by Ben G
i pay £2433 insurance right now muppet, and it's all legitimate ... stop baiting.
im not.
You fixed your space bar then 
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Jamescorsa97
quote:
Originally posted by MikeE
low apr loans are the way if you have to borrow the moneys
The finance is a lower apr than the bank loan........
bank loan apr must have been sky high then! You should get about 6-7% on a loan of 9k
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Jamescorsa97
Member
Registered: 19th Aug 04
Location: Middlesbrough Drives: Cliosport 182
User status: Offline
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quote:
Originally posted by Colin
quote:
Originally posted by Jamescorsa97
quote:
Originally posted by MikeE
low apr loans are the way if you have to borrow the moneys
The finance is a lower apr than the bank loan........
bank loan apr must have been sky high then! You should get about 6-7% on a loan of 9k
Loan on 7.5k was 8.4% and a higher loan would of been a higher apr.
Finance is 7%
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Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
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quote:
Originally posted by FruitBooTeR
quote:
Originally posted by muppetsport
quote:
Originally posted by Ben G
i pay £2433 insurance right now muppet, and it's all legitimate ... stop baiting.
im not.
You fixed your space bar then
no i am using the wireless keyboard i got for the ps3 instead. i will still have to get a new keyboard
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Jamescorsa97
quote:
Originally posted by Colin
quote:
Originally posted by Jamescorsa97
quote:
Originally posted by MikeE
low apr loans are the way if you have to borrow the moneys
The finance is a lower apr than the bank loan........
bank loan apr must have been sky high then! You should get about 6-7% on a loan of 9k
Loan on 7.5k was 8.4% and a higher loan would of been a higher apr.
Finance is 7%
Sounds quite decent, finance is usually more expensive!!
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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my finance is 4.5% or somewhere near that.
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Baskey
Member
Registered: 31st May 06
User status: Offline
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look on
http://www.moneysupermarket.com/loans/
[Edited on 04-12-2007 by Baskey]
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Jamescorsa97
Member
Registered: 19th Aug 04
Location: Middlesbrough Drives: Cliosport 182
User status: Offline
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already did
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drax
Member
Registered: 5th Feb 05
Location: Sittingbourne, Kent
User status: Offline
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Work out if you would loose more money by depreciation over the x amount of years you would own it and aftering buying it, and then selling it
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coke-gsi16v
Member
Registered: 21st Jun 07
Location: birkenshaw/bradford: drives: a scooby doo
User status: Offline
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i'd get a loan. then if you get board of it you have the right to sell an move on to something eles an keep paying loan off. a loan would probs work out cheaper aswell
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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I've got 0% finance, only way I'd have it and only available on a brand new car.
I'd rather wait and save up rather than pay a fortune off in extra interest personally....
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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I got a 0% loan 
£120 per month Direct debit
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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I've got finance for mine. How the hell else do you afford a car like it otherwise? Unless you are seriously loaded off course. I sure as hell wasn't going to save up for however many years then buy it outright 
As long as you can afford the repayments which I can easily then there's no problem with it. If you are going to be struggling by then I wouldn't bother. I wouldn't buy a 2nd hand car on finance.
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Kano
Member
Registered: 29th Aug 04
Location: Fife
User status: Offline
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I sell finance every day.. For all the people above saying that there % is 4.5% or 7% etc, its not.. Finance is done using flat rates so in reality the APR would be closer to 9% or 14%..
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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quote:
Originally posted by Matty G
I've got finance for mine. How the hell else do you afford a car like it otherwise? Unless you are seriously loaded off course. I sure as hell wasn't going to save up for however many years then buy it outright
As long as you can afford the repayments which I can easily then there's no problem with it. If you are going to be struggling by then I wouldn't bother. I wouldn't buy a 2nd hand car on finance.
Up to you, but paying off the interest will cost you a load more than saving even a short way towards it. Say you saved £5k towards a £10k car you would obviously save half the interest.
I suppose it all depends on how much you want to borrow.....
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Kano
Member
Registered: 29th Aug 04
Location: Fife
User status: Offline
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quote:
Originally posted by aPk
I've got 0% finance, only way I'd have it and only available on a brand new car.
I'd rather wait and save up rather than pay a fortune off in extra interest personally....
You don't get 0% for no reason.. Most car companys will offer it but it means you pay full whack for the car whereas we can offer you a lower payment on say 4.5% flat because we can discount the car..
0% is 9 out of 10 times acomplete load of bullshit..
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Ok I seriously doubt you could take that much off a car to make up the interest.
And who are 'we' btw? What company?
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jr
Member
Registered: 20th May 02
Location: Kent
User status: Offline
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Mines £130 a month, insurance is £30 a month  (cdti btw)
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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quote:
Originally posted by aPk
quote:
Originally posted by Matty G
I've got finance for mine. How the hell else do you afford a car like it otherwise? Unless you are seriously loaded off course. I sure as hell wasn't going to save up for however many years then buy it outright
As long as you can afford the repayments which I can easily then there's no problem with it. If you are going to be struggling by then I wouldn't bother. I wouldn't buy a 2nd hand car on finance.
Up to you, but paying off the interest will cost you a load more than saving even a short way towards it. Say you saved £5k towards a £10k car you would obviously save half the interest.
I suppose it all depends on how much you want to borrow.....
Yeah will cost me a load in interest. As long as I'm not paying 30% or anything daft like that (which I'm not) then I'm too fussed. I weighed up getting a loan but while the overall interest was lower it wasn't the right way to go for my situation. Not bothered about owning the car at the end either. No advantage to me. Once my lease is up I'll trade it in for another new one most likely.
[Edited on 04-12-2007 by Matty G]
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Fair play
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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It depends really on your circumstances. Even if you are loaded, plenty money in the bank your sometimes better off getting a loan, if you bank a lot of cash you'll get a better loan deal from the bank. If you finance a £20k car on a low apr loan you'll make more money with your £20k invested rather than a big hole in your bank account. I usually pay cash for my cars, however there is a threashold where the table turns & you'd be pouring away money buying outright.
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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I got 0% off my nan
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Kano
Member
Registered: 29th Aug 04
Location: Fife
User status: Offline
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quote:
Originally posted by aPk
Ok I seriously doubt you could take that much off a car to make up the interest.
And who are 'we' btw? What company?
I work for Arnold Clark.. Were thousands off the vauxhall list prices so we can easily match and beat a 0% Vauxhall deal..
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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quote:
Originally posted by Ben G
i'm on finance now. owe 11,200 over 3 years.
only pay 210 a month, very easy payments
i think you need to recalculate that as 210 x 36 = way less then 11200
[Edited on 04-12-2007 by M2RTY]
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