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+--- Thread: Finance Deals & Recommendations (/Thread-Finance-Deals-Recommendations)
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Finance Deals & Recommendations - Jai - 22-06-2012 12:16pm
Hey Guys, I'm interested to hear what people have scored for finance on their RRE as I am shopping around now. I have currently been offered a chattel mortgage for 8.2% , borrowing 74 of the 85k price, with a balloon of about 22k. this is through the dealer, although a friend of mine just went though the same financier and got in the 6% range for a new ml250 merc.
I am keen to find a second quote to either bring the dealer finance down or go with a better deal.
I look forward to hearing your stories
JK
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RE: Finance Deals & Recommendations - stiggz - 22-06-2012 12:33pm
I got mid 7s on a chattelle for similar amount 2 months ago. With the drop in RBA rates you should expect figures in the 7s or below. Are you using a fixed financier or a broker?
Finance Deals & Recommendations - Jai - 22-06-2012 01:48pm
I just asked the yard to let me know what they could do. They use capital finance. Who did you go through If you don't mind me asking ? I could be keen to look at them.
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RE: Finance Deals & Recommendations - stiggz - 22-06-2012 02:22pm
(22-06-2012 01:48pm)Jai Wrote: I just asked the yard to let me know what they could do. They use capital finance. Who did you go through If you don't mind me asking ? I could be keen to look at them.
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No stress, ended up going through Stratton Finance who got the deal through macquarie. If you can be bothered, get them find you the best deal, then approach the bank separately to see what they can do as Stratton will probably charge a fee.
Finance Deals & Recommendations - Jai - 22-06-2012 02:56pm
I had Macquarie with my last car after they brought GMAC. They were absolute muppets. Tried to sting me $8k of unearned interest when my HSV got stolen after 2 years of the loan. I didn't sign where it said the loan was for business use so I got out of it. Will never deal with them again!
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RE: Finance Deals & Recommendations - Wacka76 - 30-07-2012 01:00pm
Anyone else scored good finance deals of late?
RE: Finance Deals & Recommendations - Aussievoque - 31-07-2012 05:09am
I have a Chattel Mortgage also. Previously I was with Capital but they wouldn't budge below 8.2% (the guy actually laughed when I asked him to match 7.5% dealer offer. I eventually ended up with St George Finance at 7.1% (3 months ago) and the dealer offered to match that also. My banking is with St George so I went with them for simplicity. I looked at Stratton also but I think they were slightly higher and a bit cagey at letting me know what the actual rate was.
You should easily be able to get 7%. Alphera Finance (BMW) are also worth looking at. My 3 previous cars were with them and they were excellent.
RE: Finance Deals & Recommendations - DefLeppard - 01-08-2012 06:03am
I always use bmw finance -(alphera )- as they offer a "no residual interest" loan
This also means they can give you an exact payout schedule month by month.
If you payout early - you dont have to pay any of the remaining interest (which just about every other loan will make you do) (or as above in the case your car is stolen or written off, you still wont get stung with ANY payout fees/ residual interest)
Stratton finance can offer loans through bmw/alphera. I got mine set up direct through the LR dealer.
Finance Deals & Recommendations - Jai - 01-08-2012 10:37am
Thanks for the advice today, I've gone with BMW
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RE: Finance Deals & Recommendations - Neo - 01-08-2012 11:14am
Can you tell us the rate BMW is offering please? Thanks.