Car Finance APR ??
Discussion
Michael - have a look here (http://uk.zopa.com/ZopaWeb/). Sign up, deposit money and you can lend it at any rate you want.
OP - I got 4.1% flat less than 6 months ago. Double that to roughly achieve the APR %. Try Oracle, I didn't use them but they seem to be very competitive (offered me 4.3% flat)
OP - I got 4.1% flat less than 6 months ago. Double that to roughly achieve the APR %. Try Oracle, I didn't use them but they seem to be very competitive (offered me 4.3% flat)
Moneysupermarket.com. Go the the page specifically for car loans.
Put in what you want to borrow, over how long and it'll give you all the lenders offering over that term. As an example you can borrow £25k from Tesco Bank over 10 years for a car purchase at about 8.1%. This works out roughly £300 a month.
There are 4-5% deals for smaller amounts over shorter periods. once you go over 5 years the number of lenders goes down quite quickly, and over 7 years you're down to about 2 or 3.
May issue is whether you want a balloon payment option or not. The best quote I got for a balloon was from Prestige Car Finance (4.5% I think).
Put in what you want to borrow, over how long and it'll give you all the lenders offering over that term. As an example you can borrow £25k from Tesco Bank over 10 years for a car purchase at about 8.1%. This works out roughly £300 a month.
There are 4-5% deals for smaller amounts over shorter periods. once you go over 5 years the number of lenders goes down quite quickly, and over 7 years you're down to about 2 or 3.
May issue is whether you want a balloon payment option or not. The best quote I got for a balloon was from Prestige Car Finance (4.5% I think).
michael gould said:
CatalystV8V said:
Dealer has now offered finance at 3.99% flat rate.. So thanks to everyone for their input...
thats more lke it !MrOrange said:
10 years on a car loan sounds a touch brave.
Financially on paper there's not that much difference between a ballon payment based finance over 4/5 years, if you're going to pay it off early. Problem with a lot of balloon based finance is that it's only available on car up to a certain age; e.g. getting balloon based finance on an 05 DB9 was an issue for me so a took a different route.. I'm not saying you'd necessarily want borrow £25k over 10yrs but it's nice to know it's an option should you want/need to. My dad got hos SL500 in Houston, TX for 2% I think. It certainly does show that we are being ripped off in the UK.
keith52 said:
HI
wish i could get 12% add on my cash
You can enterprise inns 2018 bond pays 13% pa plus secured against 600 pubs
keith
Enterprise inns are a disaster area ....I know them well.....share price has gone from 110p to 33p in the past year.....profit from 230m to 24mwish i could get 12% add on my cash
You can enterprise inns 2018 bond pays 13% pa plus secured against 600 pubs
keith
It is felt that the valuation on their property is overstated
If im going to lend money then i want half a chance of getting it back !
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