Finance - Best Option

Hi,

I take delivery next month and looking at options to finance my evoque. I am looking at a PCP and I did try Prestige car finance last month and there offer was quite competative at 7.9% but I didn't take up the offer as I wasn't taking delivery until Feb. However I have phoned them back to take up the offer and they have stated that their banks have put the percentages up and were quoting 9.1%! This has had a significant impact to my monthly payment which was initially £444 but has gone up to above £500+.

Anyway I have since tried other companies...brokers4cars who have offered 8.1% and think this prob the best i'm going to get.

Anyone know of any other companies to try that might be able to offer a better deal?

List Price - £38500 with £6500 deposit.

Any help would be greatly appreciated.

pm sent

I'm the exact same as I called Prestige this week and was told the same and the best deal I've come across is 8.1 as well so would be interested in any other suggestions

People have achieved 4-5% but that depends on personal circumstances. Try Oracle.

any room on your mortgage? I guess that is a lower than 8.1%

have you tried your own bank, I'm with HSBC and they are doing personal loands at 6.2%apr at the moment. mind you don't know if they do them for cars specifically, just noticed it when i logged into online banking.

Do a price comparison on personal loans to see if they work out cheaper for you. http://www.moneysavingexpert.com has a page with some useful info.

Personal loans are usually up to a max of £25k and so will only be possible if you can find difference in cash. The original poster would need another £7k to make this possible.

Having made some calls to some of the car finance brokers, it does seem that rates have increased to 9%+. If monthly payments are the key driver then it might actually end up being cheapest with LR finance..... As despite the 9.9% rate, their GFV is probably higher (which reduces payments). Obviously though a higher balloon has other connotations.

Broker4cars seemed to have the lowest rate on their website (8.1%) but who knows if the website is up to date..... And also bear in mind that they charge a brokerage fee which may negate the rate saving.

could look at fluent money, they are meant to be pretty good.

You could try Adaptive Vehicle Solutions. Apparently they have provided good rates recently.

Good luck.