Finance on a used car

[dazerc]

Hi i'm on the lookout for a VXR8 LS3 in white or Red. But i havn't got enough cash to pay upfront so will need to pay some on finance.

Where is the best place to get finance from? Will a vauxhall dealer do 0% finance on a used car?

If not i may have to buy a brand new Insignia VXR with full leather. Its not my first choice as they are more expensive and i prefer the VXR8.

Thanks

[sidicks]

dazerc said:

Hi i'm on the lookout for a VXR8 LS3 in white or Red. But i havn't got enough cash to pay upfront so will need to pay some on finance.

Where is the best place to get finance from? Will a vauxhall dealer do 0% finance on a used car?

If not i may have to buy a brand new Insignia VXR with full leather. Its not my first choice as they are more expensive and i prefer the VXR8.

Thanks

You have 3 choices:
1) Dealer loan
2) Personal loan from a bank
3) Save up more cash

You are highly unlikely to get a 0% loan from a dealer on a used car.

Sidicks

[Gibson70]

PM me and I'll get someone who can source you a car with Finance.

[Mattt]

How does that work?

0% Finance means 2nd Hand car that you like
>0% Finance means new different car you like less

Why do people get hung up on headline offers e.g. 0% finance rather than looking at overall cost of ownership?

I'm sure a 2nd hand 5% finance car would cost you less overall than a new 0% finance one.

[daemon]

Mattt said:

How does that work?

0% Finance means 2nd Hand car that you like
>0% Finance means new different car you like less

Why do people get hung up on headline offers e.g. 0% finance rather than looking at overall cost of ownership?

I'm sure a 2nd hand 5% finance car would cost you less overall than a new 0% finance one.

Depends on the car, depends on what you want.

I know its not relative to this example but i'd rather pay a bit extra for a new car on a preferential finance deal, than say, a used one at a higher rate.

Some cars it makes more sense to buy used than new, due to high initial depreciation etc.

But each to their own.

Edited by daemon on Tuesday 26th January 18:31