blue_manc
Member Since: 16 Mar 2009
Location: Deepest Darkest Lancashire
Posts: 551
  
|
| Finance for a non-D3 advice please |
|
You may have seen my post in the for sale section, selling the D3 due to a change of jobs.
Looking to changing to an estate though to keep some of the space.
What sort of rates would people see as reasonable at the minute for a PCP plan? Being offered quotes of around 10% APR.
What's the best way to shop around? Through brokers or online - if the latter where to look?
|
 14th Jan 2012 1:08 am |
|
|
pom
Member Since: 10 Feb 2008
Location: Worcestershire
Posts: 1790
|
i found it all depends on the motor as to what deal goes with it.
A mate of mine looked into pcp and found he got a better deal just buying a new one on the options type thing where you lump sum upfront and then give the var back in 3 years. He paid the lump sum on a CC (0% and he ate the fee), he got cash back on the purchase and just paid it off over the term same as pcp, keeping it on 0% all the time.
Pom
|
| 14th Jan 2012 10:05 am |
|
|
cheddarwards
Member Since: 07 Aug 2006
Location: Somerset
Posts: 169
|
I arrange business finance so cannot directly answer your questions - but my feeling would be that you should expect an APR of around 7.2-7.5% on a PCP type deal. I know that when i do director/sole trader HP finance we look at rates below even that - but traditionally PCP has been seen as a higher risk for the funder (guaranteeing a FV for 2/3/4 years) thus the APR;s have been slightly higher - but not as high as 10%.
|
| 18th Jan 2012 11:48 am |
|
|
DiscoDunc
Member Since: 08 May 2006
Location: Bristol
Posts: 16390
  
|
have you got a quote from KAM. they have provided me a quote for financing a new D4 and its around 5% flat rate Duncan
-----------------------------------------------------
If I'd known I was going to be so thirsty this morning I'd have drunk more beer last night.
FFRR Autobiography 4.4 SDV8 MY17
D4 HSE MY13 SOLD
FFRR 3.6 Vogue TDV8 SOLD
D4 HSE MY10 SOLD
D4 SE TECH MY15 SOLD
D4 XS MY12 SOLD
D4 HSE MY10 SOLD
D3 HSE MY06 - Re-Cycled Worldwide
|
| 18th Jan 2012 12:02 pm |
|
|
cheddarwards
Member Since: 07 Aug 2006
Location: Somerset
Posts: 169
|
To be fair 5% flat equals approx 10% APR so maybe the quote you have isn't as bad as i thought
|
| 18th Jan 2012 3:10 pm |
|
|
