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Finance - Best Option
bash18uk
 

Posts: 20
Joined: Aug 2011
Location: wirral
Post: #1
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+.Rolling Eyes

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.
12-01-2012 01:52pm
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whizzer
 

Posts: 52
Joined: Aug 2011
Location: london
Post: #2
RE: Finance - Best Option

pm sent
12-01-2012 03:06pm
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PAT
 

Posts: 228
Joined: Aug 2011
Location: Edinburgh
Post: #3
Finance - Best Option

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

Current: Si4 - HSE Dynamic Lux - Corris Grey with Black Pano - Adaptive Dynamics - ATPC - Adaptive LED Headlights - Privacy Glass - Style 508's - Heated Steering Wheel - Spare Wheel - Ebony Headlining
Previous: Si4 - Dynamic 5 Door - Lux - Orkney Grey with Black Pano
12-01-2012 03:13pm
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SW6RR
 

Posts: 336
Joined: Mar 2011
Location: London
Post: #4
RE: Finance - Best Option

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

Arrived (5/11/11): SD4 5-door "Presnamic" Lux Very Happy Auto, Fuji, Spirit/Tan, Style 8 20" Wheels, fully loaded (bar RSE, smoker's pack and Homelink)
12-01-2012 03:14pm
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BOBM4N
 

Posts: 97
Joined: Aug 2011
Location: Bucks
Post: #5
RE: Finance - Best Option

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

Finally Arrived 06/02/12 Very Happy :

Dynamic SD4 Auto - Fuji White/Vortex, Pan Roof, Privacy
12-01-2012 03:18pm
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GibEvoque
 

Posts: 337
Joined: Aug 2011
Location: Gibraltar
Post: #6
RE: Finance - Best Option

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.

2012 RRE TD4 Auto Dynamic, Fuji white, Shadow Chrome alloys, Panoramic contrast roof
1983 Mk1 Golf Cabriolet 1.8 Gli - Plaything
2009 Fiat Bravo 1.4 T-jet Dyamic - Gone
1994 306 XSi - Long Gone
1985 Mk2 1.3 Golf CL - First LoveWink
12-01-2012 04:26pm
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j7david
 

Posts: 152
Joined: Jul 2011
Location: Kenya, East Africa
Post: #7
RE: Finance - Best Option

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.
12-01-2012 07:05pm
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Rossy100
 

Posts: 126
Joined: Nov 2011
Location: Manchester
Post: #8
Finance - Best Option

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.
(This post was last modified: 12-01-2012 07:18pm by Rossy100.)
12-01-2012 07:12pm
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GibEvoque
 

Posts: 337
Joined: Aug 2011
Location: Gibraltar
Post: #9
RE: Finance - Best Option

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

2012 RRE TD4 Auto Dynamic, Fuji white, Shadow Chrome alloys, Panoramic contrast roof
1983 Mk1 Golf Cabriolet 1.8 Gli - Plaything
2009 Fiat Bravo 1.4 T-jet Dyamic - Gone
1994 306 XSi - Long Gone
1985 Mk2 1.3 Golf CL - First LoveWink
12-01-2012 08:11pm
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LDT
 

Posts: 519
Joined: Oct 2011
Location: South Wales
Post: #10
RE: Finance - Best Option

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

Good luck.

Prestige SD4 Auto, Ipanema/Ambience, Style 4 Wheels, Pan Roof, Privacy, Dimming Mirror, High Beam Assist, Surround Cameras, Spare Wheel, Mud Flaps.
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(This post was last modified: 12-01-2012 09:13pm by LDT.)
12-01-2012 09:12pm
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