advice on car finance offer

advice on car finance offer

Author
Discussion

amg master

Original Poster:

625 posts

201 months

Sunday 2nd May 2010
quotequote all
im looking to by a car from a mercedes dealer who have a special offer on of £6800 deposit 36 monthly payments of £629 with a balloon of £25557 dealer contribution is £1347 (aprox)5.9apr.(standard car+command).

the car i want has £5,000 of extras with £7000 deposit and a balloon of £26025 with a monthly of £887.

what im asking is would £5000 worth of extras put a extra £258 a month on the payments or are they having me over on their finance?
when i asked the finance woman at the dealership she got all arsy with me saying thats the payment on the computer and there was nothing she could do about it. when they put the example into the computer which mercedesbenz have on the offer sheet it came up as £6800 deposit,£738 a month with £25557 balloon at the end so whats going on??

i thought that they would just divide the £5000 by 36 and add it to the monthly payment £139 +£629.

is there anyone who could work out what the proper payment should be on here?

many thanks

bogie

16,566 posts

278 months

Monday 3rd May 2010
quotequote all
dont forget about the extra interest on that £5K ....and you pay interest on that balloon for the whole 3 years as you never pay it off