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RE: Finance - Best Option - DynamicRRV - 12-01-2012 10:29pm

Bank job?

RE: Finance - Best Option - cutter7 - 12-01-2012 10:41pm

Embezzlement Tongue Out

RE: Finance - Best Option - DynamicRRV - 12-01-2012 10:47pm

Yep any of the above two options is the least financially painful!

RE: Finance - Best Option - The Valeter - 12-01-2012 11:32pm

(12-01-2012 10:47pm)DynamicRRV Wrote:  Yep any of the above two options is the least financially painful!

Maybe if we became MP's etc we could sort the above easily. Evil

RE: Finance - Best Option - cutter7 - 13-01-2012 07:25am

(12-01-2012 11:32pm)The Valeter Wrote:  Maybe if we became MP's etc we could sort the above easily. Evil

lol..Very Happy

RE: Finance - Best Option - bash18uk - 13-01-2012 10:03am

Thanks for all your advice. I don't think getting a 25k loan from the bank is an option for me.

I have enquired with LR who inform me that they can search for better deals with the likes of Black Horse etc on my behalf. I have given them the details yesterday so hopefully get back to me with some robust figures.

Brokers4cars charge £460 fee...which over 4 years is £115...which I think is reasonable and their residual value is a lot better than what was offered by Prestige. I think prestige finance quoted 17k however broker4cars 14k. So with any luck if I did go with broker4cars I would see an element of equity when/if I hand the car back in 4 Years on the initial 6.5k deposit.

I recieved a couple of PM's also which I will look into! Thanks for all your helps fellow evoquers Very Happy

RE: Finance - Best Option - SW6RR - 13-01-2012 10:38am

ING Asset Finance offer the lowest rates in the market so your broker will need to have a relationship with them. I know that Oracle does have a relationship - there may be other brokers as well.

You shouldn't look at anything anywhere near 8-9% - that's mainstream internet search rate.

RE: Finance - Best Option - bash18uk - 13-01-2012 10:42am

I tried Oracle but was quoted same 9.9% rate as LR. Is there a way of going directly to ING Finance?

(13-01-2012 10:38am)SW6RR Wrote:  ING Asset Finance offer the lowest rates in the market so your broker will need to have a relationship with them. I know that Oracle does have a relationship - there may be other brokers as well.

You shouldn't look at anything anywhere near 8-9% - that's mainstream internet search rate.


RE: Finance - Best Option - SW6RR - 13-01-2012 11:02am

I'm not sure I'm afraid.

Have you thought about a floating rather than a fixed rate? I think they are knocking around 4% above LIBOR.

RE: Finance - Best Option - bash18uk - 13-01-2012 11:19am

No I haven't and not sure how to go about it. My current method of getting quotes is trying the internet search engines and contacting well known finance companies like prestige/oracle.

(13-01-2012 11:02am)SW6RR Wrote:  I'm not sure I'm afraid.

Have you thought about a floating rather than a fixed rate? I think they are knocking around 4% above LIBOR.