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Try Jamie Garside. Excellent service and he gets fantastic rates too!
www.performancecarfinance.co.uk
www.performancecarfinance.co.uk
I just went on confused.com, clicked on loans and Tesco Bank was first on the list at the 5.2% Marky 911 is talking about... applied and got approved no problem... Went to my bank (Barclays) showed them the proof and they matched it and gave me £50 for staying with them.... Happy Days !!!
£64k! 
Erm, no, no they won't.
Our mortgage on the house we live in is less than that.
You guys must operate on a whole other level.
Not wanting any personal info from anyone but, what sort of salary must people be on to tick £60k-£70k on.
I'd guess £200k+ and they must have a £40k-£50k trade in or something? Maybe not that much p ex value for the Cayenne, but surely to be operating in the £100k+ bracket.
Like I say, a whole other world.
Erm, no, no they won't.
Our mortgage on the house we live in is less than that.
You guys must operate on a whole other level.
Not wanting any personal info from anyone but, what sort of salary must people be on to tick £60k-£70k on.
I'd guess £200k+ and they must have a £40k-£50k trade in or something? Maybe not that much p ex value for the Cayenne, but surely to be operating in the £100k+ bracket.
Like I say, a whole other world.
jimmydean said:
the car is £78800 we have £15k to put in, i pay 8.9% on the 981s but im not doing that again, i want a much better deal :P hopefull
I did similar deal on the GTS - paid about 3.0% APR. Was a lot cheaper (£400/mth-ish) less than Porsche finance deal. Unless the residual deal on the Porsche deal is a lot higher, it's almost certainly going to be a lot more expensive than an independent broker.J-P said:
where did you get 3.0%??
I did similar deal on the GTS - paid about 3.0% APR. Was a lot cheaper (£400/mth-ish) less than Porsche finance deal. Unless the residual deal on the Porsche deal is a lot higher, it's almost certainly going to be a lot more expensive than an independent broker.
I did similar deal on the GTS - paid about 3.0% APR. Was a lot cheaper (£400/mth-ish) less than Porsche finance deal. Unless the residual deal on the Porsche deal is a lot higher, it's almost certainly going to be a lot more expensive than an independent broker.
mollytherocker said:
8.6% eh? They will be making more on the finance than the car itself at that level.
Indeed: they are just as interested to sell you finance than they are the car. Very often the stock market valuation of the finance arms of the car companies are worth more than the operating company that makes the cars themselves!Shop around: well worth 1 hours work on your part.
Superally2013 said:
I bought my car from OPC and they initially said 11% apr, but got them down to 6% after haggling.
They can do low rates... They just hide the fact!
Holy crap, that's disgusting! On a 100k car over 5 years that would cost over 30k in interest!!!They can do low rates... They just hide the fact!
On my example you saved yourself over 14k!
It is absolute economic madness to borrow that amount of money at best at 5/6% to buy something that depreciates. After three years you might lose £30k so this loan will actually cost you an extra £800 per month when you factor in depreciation. I know Porsche cars have relatively low depreciation compared to other vehicles, but they still lose value. If you borrow £60K to buy this vehicle the liability is yours entirely. If you lease at £400/month for say 3 years your max liability is about £15K and you will not be stuck with a lump of metal if your personal finances go bottom up.
I don't know how much you earn. Let's say it's £150k per year. That means your take home pay is £7500 per month. A loan plus depreciation will cost close £1200 per month. That's 16% of net income just to have a newish Porsche outside your house.
These days companies don't buy cars, they lease cars, because it is too much of a capital liability to buy them.
Make you own decision, but at this end of the market leasing would be better in my view.
H
I don't know how much you earn. Let's say it's £150k per year. That means your take home pay is £7500 per month. A loan plus depreciation will cost close £1200 per month. That's 16% of net income just to have a newish Porsche outside your house.
These days companies don't buy cars, they lease cars, because it is too much of a capital liability to buy them.
Make you own decision, but at this end of the market leasing would be better in my view.
H
Leasing isn't necessarily the magic solution.
Take our Nissan tow truck. It we bought one we'd get a lightly used example for £15k give or take. If we got one on a 4 year lease we'd pay £13k give or take. In reality we might get 7-8 years out of the purchased truck so in lease terms we would have paid £26k.
Given that at the end of those 7-8 years I'd probably still get £4k for the truck just run by me how leasing makes sense.
Lease cost over 8 years - £26k
Purchase cost - £11k (£15k less £4k)
If you haven't got any money then borrow the £15k and try to pay it off as soon as possible.
In the case of the OP he's doing what he wants to. He works hard, takes s
t off people and sometimes wonders why he bothers. His bit of sanity (no matter how insane it might seem) is to drive a nice car. For others it's clothes, restaurants, holidays, aeroplanes, boats, the arts, mad projects at home or what ever.
Yes, the recipe for financial domination is to work, save, invest and keep doing that until you are 102 years old. But not everyone wants that. People get to a stage in life where they say, do you know, I'm happy with my lot. I don't need a bigger house, the kids are doing ok, we eat most nights and I've got a few quid with which I'm going to treat myself.
If we really thought about it many people on here could sell up, down size, cut their cloth and retire to a modest lifestyle away from the rat race. But that's not what they want. Some do and will but the vast majority just seek sanctuary in things which make them happy.
Henry
Take our Nissan tow truck. It we bought one we'd get a lightly used example for £15k give or take. If we got one on a 4 year lease we'd pay £13k give or take. In reality we might get 7-8 years out of the purchased truck so in lease terms we would have paid £26k.
Given that at the end of those 7-8 years I'd probably still get £4k for the truck just run by me how leasing makes sense.
Lease cost over 8 years - £26k
Purchase cost - £11k (£15k less £4k)
If you haven't got any money then borrow the £15k and try to pay it off as soon as possible.
In the case of the OP he's doing what he wants to. He works hard, takes s
t off people and sometimes wonders why he bothers. His bit of sanity (no matter how insane it might seem) is to drive a nice car. For others it's clothes, restaurants, holidays, aeroplanes, boats, the arts, mad projects at home or what ever.Yes, the recipe for financial domination is to work, save, invest and keep doing that until you are 102 years old. But not everyone wants that. People get to a stage in life where they say, do you know, I'm happy with my lot. I don't need a bigger house, the kids are doing ok, we eat most nights and I've got a few quid with which I'm going to treat myself.
If we really thought about it many people on here could sell up, down size, cut their cloth and retire to a modest lifestyle away from the rat race. But that's not what they want. Some do and will but the vast majority just seek sanctuary in things which make them happy.
Henry
Hilux2400 said:
It is absolute economic madness to borrow that amount of money at best at 5/6% to buy something that depreciates. After three years you might lose £30k so this loan will actually cost you an extra £800 per month when you factor in depreciation. I know Porsche cars have relatively low depreciation compared to other vehicles, but they still lose value. If you borrow £60K to buy this vehicle the liability is yours entirely. If you lease at £400/month for say 3 years your max liability is about £15K and you will not be stuck with a lump of metal if your personal finances go bottom up.
I don't know how much you earn. Let's say it's £150k per year. That means your take home pay is £7500 per month. A loan plus depreciation will cost close £1200 per month. That's 16% of net income just to have a newish Porsche outside your house.
These days companies don't buy cars, they lease cars, because it is too much of a capital liability to buy them.
Make you own decision, but at this end of the market leasing would be better in my view.
H
And have 40 % go in inheritance tax when you pop your clogs ?I don't know how much you earn. Let's say it's £150k per year. That means your take home pay is £7500 per month. A loan plus depreciation will cost close £1200 per month. That's 16% of net income just to have a newish Porsche outside your house.
These days companies don't buy cars, they lease cars, because it is too much of a capital liability to buy them.
Make you own decision, but at this end of the market leasing would be better in my view.
H
Look at it the other way its tax efficent , spending all that hard earned money reduces your potential iht liability .
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