Funding your GTI....

[Dan-Brown]

I put a £7k deposit down (value of my old mini cooper) and financed the rest with a Tesco personal loan, 6.9% apr, over 5 years, £275 a month.

You're only penalised about a months interest for early repayment, downside is you're still paying after 5 years for an ageing car, and with the credit crunch, its value has crashed! 

Oh well, its worth it 

[R32UK]

If your going down the purchase route then I would stay away from dealerships and finance companies. The personal loan route seems alot more reasonable looking at some of the rates offered.

[neg]

Normally the buy back or end figures are stupid anyway from HP loans.

Some companies offer similar things on personal loans, 3 or 4 years and then a large final payment - difference being its not against the car and you can make it what you want.

[ifti]

Hmmm, Im going to try and get a interest free loan from my sis if I can!! lol

[bobotheclown]

£4k deposit and 3% over 4 years. That was through the dealership in June.

[Egbutt Wash]

100% Cash.
Good value car.  Does everything I want and has 5 doors.

[AlanD]

I agree that I would rather have got a personal loan but at the time no one accept me an VW Finance was the only way I was going to get the car

[sixpot]

I sold my daily run around (Passsat 20 VT)and my show car (SEAT LCR)to pay cash for the mk5. Was getting a bit expensive running 2 cars LOL!

[gtiski]

i paid 70% cash then put the rest on my credit card then transferred to a new card at 0%APR for 15month then if i haven't pay it all off i'll transfer again best way for me as it gives me flexibility with payments and the only charges are the transfer fees

[clive]

I was able to pay for mine in cash after selling my previous motor.  <sensible cap on> Bottom line is don't get yourself into more debt than you are comfortable with over a car.  If you are unsure then its probably more than you can afford!  <sensible cap off>