Finance example?

[neilgcal]

7,200 and then financed over 4 years at 430 a month.

[R32UK]

Whatever deal you decide on make it quick, price rise on the 1st Sept. So basically only 4 weeks to go.

Genuis Strategy in the current climate!

Thanks everyone for answers so far, 5% is bloody good, was your down payment significant? Its strange it varies so much,

R

5% flat rate is about 14% apr  not my idea of a good rate

[gjf]

£7500 up front then £269 per month for 36 months with final payment of £10400, the car was £25000.

I dont know why but of the few dealers i tried they all quoted a different figure for the finance, it all comes from the same place - VW financial services?. I dont mean 1 or 2 quid difference either but 30 or 40 quid!!

[keelaw]

£7500 up front then £269 per month for 36 months with final payment of £10400, the car was £25000.

I dont know why but of the few dealers i tried they all quoted a different figure for the finance, it all comes from the same place - VW financial services?. I dont mean 1 or 2 quid difference either but 30 or 40 quid!!

thats a great deal.  this was advertised on the VW site but only available up to June 30.  i called VW Finance direct and they wouldn't match it

[rskardon]

Hi Guys,

I have been doing further research into financing a new golf GTi, one of the possibilities that looks promissing is through a company called car-finace.net.

They allow you to get your car directly from a main dealer but offer around 10% off the list price and very competitive financing for example on a std 3dr dsg with no options it looks like this:-

Total Price  £21415.45
Total Deposit  £3500.00
Balance to finance  £17915.45
First payment of  £404.27
Followed by  46
Regular monthly payments of  £284.27
Followed by a final payment of  £8156.25
Term of agreement  48
Total Amount Payable  £25136.94
APR  7.3% 
Acceptance fee *  £120.00
Option to purchase fee **  £60.00
Based on an annual mileage of ***  10000

It seems the way they offer the 10% off list is through buying the car through a leasing co and then reselling it to you immediately so you are the owner from the off (presumably saving vat somewhere or something), the downside would be that you are the second owner but i figure that is unlikely to effect value by more than 10% so would still be worth it,

Has anyone used a company like this? it seems like a good deal as you can spec any optional extras and it is main delaer UK supplied,

Can anyone think of drawbacks?

Thanks,

R

[matchboy]

Thanks for that info and website, very informative.  they couldn't beat what vw finance are offering me but none the less was very good to see.  Cheers.

[rskardon]

Thanks for that info and website, very informative.  they couldn't beat what vw finance are offering me but none the less was very good to see.  Cheers.

WOuld you mind sharing what VW are offering you? Its really handy when talking to the dealer to have some ideas of what the best deals are...

thanks,

R

[R32UK]

Hi Guys,

I have been doing further research into financing a new golf GTi, one of the possibilities that looks promissing is through a company called car-finace.net.

They allow you to get your car directly from a main dealer but offer around 10% off the list price and very competitive financing for example on a std 3dr dsg with no options it looks like this:-

Total Price  £21415.45
Total Deposit  £3500.00
Balance to finance  £17915.45
First payment of  £404.27
Followed by  46
Regular monthly payments of  £284.27
Followed by a final payment of  £8156.25
Term of agreement  48
Total Amount Payable  £25136.94
APR  7.3% 
Acceptance fee *  £120.00
Option to purchase fee **  £60.00
Based on an annual mileage of ***  10000

It seems the way they offer the 10% off list is through buying the car through a leasing co and then reselling it to you immediately so you are the owner from the off (presumably saving vat somewhere or something), the downside would be that you are the second owner but i figure that is unlikely to effect value by more than 10% so would still be worth it,

Has anyone used a company like this? it seems like a good deal as you can spec any optional extras and it is main delaer UK supplied,

Can anyone think of drawbacks?

Thanks,

R

Have a quick search for my lease deal. its not too far off that

[JonnyG]

Has anyone used a company like this? it seems like a good deal as you can spec any optional extras and it is main delaer UK supplied,

Can anyone think of drawbacks?

I used car-finance.net to finance my current R32 on a PCP deal last November.

The car was bought from a VW dealer but financed through car-finance.net (Jig-Saw finance), as VW would'nt do a good finance deal on the R32 at the time.  The R32 was heavily discounted by around 20% or more,   to get rid of a load of R32 stock prior to Mk VI.  I dealt with a chap called Will Thorley who was very helpful and sorted everything out with the dealer and finance company.

I can't see any drawbacks with your posted deal and 7.3% is very good at the moment.  Only thing with PCP deals is that if you load the car with extras the cost is added to the monthly payments and the residual stays virtually the same - so best keep options to a minimum.

[rskardon]

Has anyone used a company like this? it seems like a good deal as you can spec any optional extras and it is main delaer UK supplied,

Can anyone think of drawbacks?

I used car-finance.net to finance my current R32 on a PCP deal last November.

The car was bought from a VW dealer but financed through car-finance.net (Jig-Saw finance), as VW would'nt do a good finance deal on the R32 at the time.  The R32 was heavily discounted by around 20% or more,   to get rid of a load of R32 stock prior to Mk VI.  I dealt with a chap called Will Thorley who was very helpful and sorted everything out with the dealer and finance company.

I can't see any drawbacks with your posted deal and 7.3% is very good at the moment.  Only thing with PCP deals is that if you load the car with extras the cost is added to the monthly payments and the residual stays virtually the same - so best keep options to a minimum.

Thanks Jonny, that's reasuring, did you get to choose the main dealer you got it from or did you get it delivered?

Cheers,

R