996 Turbo finance questions
Discussion
It looks to me that a 996 Turbo 2001/2002 is a really good buy at the moment ie prices around £45-50K. Got a £10K deposit the bit I'm not sure now though is as the price continues to drop that has the same effect on residual. On say a two or three year deal what is going to be the residual coming out the other end? Whats my monthly payment likely to be? Thoughts gratefully received.
Based on the figures above this sounds a bit expensive.
Take a look at www.grosvenor-butterworth.co.uk/car_loan_calculator.html which will allow you to play around with the balloon and the APR.
From looking at your example it looks like you have a 40% balloon. Based on £37,000 list, £10,000 deposit, £14,800 balloon giving £424 per month over 48 months you are paying 10% APR.
My feeling, based on the finance that I ghave done in the past is that you should be able to get this figure down to £370 ish per month under the same terms without much hassle!
Take a look at www.grosvenor-butterworth.co.uk/car_loan_calculator.html which will allow you to play around with the balloon and the APR.
From looking at your example it looks like you have a 40% balloon. Based on £37,000 list, £10,000 deposit, £14,800 balloon giving £424 per month over 48 months you are paying 10% APR.
My feeling, based on the finance that I ghave done in the past is that you should be able to get this figure down to £370 ish per month under the same terms without much hassle!
Speak to Rob, Alex or Karren @ Classic and Sports Finance
01869 329 500
www.classicandsportsfinance.com (There number has just changed from that on the website. So call the one above)
They do a lot with the Porsche owners club so are well up on the Porsche product range.
01869 329 500
www.classicandsportsfinance.com (There number has just changed from that on the website. So call the one above)
They do a lot with the Porsche owners club so are well up on the Porsche product range.
Edited by elms on Thursday 22 March 12:42
Jamie Garside from www.performancecarfinance.co.uk has helped a number of members on the 911.com forum to finance their cars. I have not used him myself as I buy my cars outright however, he is very well thought of by the people that have used his services.
David911rsr said:
Jamie Garside from www.performancecarfinance.co.uk has helped a number of members on the 911.com forum to finance their cars. I have not used him myself as I buy my cars outright however, he is very well thought of by the people that have used his services.
another recommendation for Jamie, he was great to deal with and recommended going with the deal Audi offered me as it was as good as anything he (or anyone else) would be able to come up with. A rare honesty!
elms said:
Speak to Rob, Alex or Karren @ Classic and Sports Finance
01869 329 500
www.classicandsportsfinance.com (There number has just changed from that on the website. So call the one above)
They do a lot with the Porsche owners club so are well up on the Porsche product range.
01869 329 500
www.classicandsportsfinance.com (There number has just changed from that on the website. So call the one above)
They do a lot with the Porsche owners club so are well up on the Porsche product range.
Edited by elms on Thursday 22 March 12:42
I spoke to a few different finance companies, Classic and sport really are very good.
Yes, this can be done much cheaper.
Classic & Sports Finance can offer very competitive deals, especially if you push them with a competitors quote (ie. Capital Bank).
By my calculations, based on the figures quoted above you should be able to get that deal to under £350 per month, based on 10k deposit and 40% balloon.
DSG
Classic & Sports Finance can offer very competitive deals, especially if you push them with a competitors quote (ie. Capital Bank).
By my calculations, based on the figures quoted above you should be able to get that deal to under £350 per month, based on 10k deposit and 40% balloon.
DSG
Sure. As levron73 said earlier, use the calculator mentioned above and plug in the figures you need.
Speak to the various finance houses and you should be able to get at least 8% apr (i've even seen 7.5% this week advertised on PH). Actually, this is based on 50% balloon, not 40 as i said earlier. Some underwriters will do this over 48 months though. Most go with 40-45% over 4 years and 50% over 3 years.
£37k Car
£10k deposit
£14800 Balloon (40%)
8% APR
48 months @ £391 per month
£37k Car
£10k deposit
£18500 Balloon (50%)
8% APR
48 months @ £325 per month
It can be done but requires some bartering. Remember they WANT your business.
DSg
Speak to the various finance houses and you should be able to get at least 8% apr (i've even seen 7.5% this week advertised on PH). Actually, this is based on 50% balloon, not 40 as i said earlier. Some underwriters will do this over 48 months though. Most go with 40-45% over 4 years and 50% over 3 years.
£37k Car
£10k deposit
£14800 Balloon (40%)
8% APR
48 months @ £391 per month
£37k Car
£10k deposit
£18500 Balloon (50%)
8% APR
48 months @ £325 per month
It can be done but requires some bartering. Remember they WANT your business.
DSg
Edited by dsgv6 on Friday 23 March 14:46
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