Car Finance - £60,000 Cayene

Car Finance - £60,000 Cayene

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Discussion

JNR77

Original Poster:

279 posts

239 months

Wednesday 24th January 2018
quotequote all
As the title suggests!

I am thinking about ordering a new Cayenne, optioned up it will come in at £60,000. Porsche finance is about 6.5% are there any alternative funders that will lend at this level but at a better rate?

A few lenders offer 3% but cap it at £25,000.

This new territory to me as i have always owned cars in the past.

Mandat

3,899 posts

239 months

Wednesday 24th January 2018
quotequote all
Don't worry. You'll own this one as well.

ZOLLAR

19,908 posts

174 months

Wednesday 24th January 2018
quotequote all
JNR77 said:
As the title suggests!

I am thinking about ordering a new Cayenne, optioned up it will come in at £60,000. Porsche finance is about 6.5% are there any alternative funders that will lend at this level but at a better rate?

A few lenders offer 3% but cap it at £25,000.

This new territory to me as i have always owned cars in the past.
From the supercar forum, JBR Capital
They mention supercars but appear to specialise in high value car purchases.

worth a shot

https://www.pistonheads.com/gassing/topic.asp?h=0&...



Edited by ZOLLAR on Wednesday 24th January 18:04

Yipper

5,964 posts

91 months

Wednesday 24th January 2018
quotequote all
Get one on a personal lease for about £500-700 a month.

Gareth1974

3,420 posts

140 months

Wednesday 24th January 2018
quotequote all
Yipper said:
Get one on a personal lease for about £500-700 a month.
This was on the lease deals thread earlier today.

Works out at £22700 for three years. Not sure if that would beat the depreciation + cost of borrowing or not though.

http://www.keyfleetdirect.co.uk/personal-lease-car...

Sarnie

8,058 posts

210 months

Wednesday 24th January 2018
quotequote all
Gareth1974 said:
This was on the lease deals thread earlier today.

Works out at £22700 for three years. Not sure if that would beat the depreciation + cost of borrowing or not though.

http://www.keyfleetdirect.co.uk/personal-lease-car...
That will be for a complete base model........options will increase the cost........

NickCQ

5,392 posts

97 months

Wednesday 24th January 2018
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Take it out of your mortgage offset account / upsize your mortgage.

red_slr

17,313 posts

190 months

Wednesday 24th January 2018
quotequote all
Oracle or Mann Island.

Both use Barclays. Will save you a good chunk over VWFS.

JBR are another but might not be as competitive on newer stuff at the lower end of the scale, they are more know for higher value stuff.

supercommuter

2,169 posts

103 months

Thursday 25th January 2018
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Haalifax do car loads up to that. Loans are 3.4 percent and pcp is 4.9 percent

Think you have to be a customer

ukwill

8,918 posts

208 months

Thursday 25th January 2018
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supercommuter said:
Haalifax do car loads up to that. Loans are 3.4 percent and pcp is 4.9 percent

Think you have to be a customer
I was staggered to read that! I just checked their site and it appears that the max loan is £50k (at 6.8% apr)

supercommuter

2,169 posts

103 months

Thursday 25th January 2018
quotequote all
ukwill said:
supercommuter said:
Haalifax do car loads up to that. Loans are 3.4 percent and pcp is 4.9 percent

Think you have to be a customer
I was staggered to read that! I just checked their site and it appears that the max loan is £50k (at 6.8% apr)
You are incorrect. That is an unsecured loan (even that I can get at 3.9% with them)

For car finance (HP) I can Borrow £50k with £10k down at 3.4 percent - own it at end of term (£2600 over 3 years)
For car finance (PCP) I on a £60k car with balloon it is 4.9% - balloon at end is 22k (£5277 over 3 years)

ETA: You can borrow up to £60k on a 100k car.

You have to be a customer it would appear.

Edited by supercommuter on Thursday 25th January 10:28

Dimebars

901 posts

95 months

Thursday 25th January 2018
quotequote all
Clydesdale Bank crop up periodically on Macan forums apparently.

They offer PCP-type finance around 4%. Think it's HP with balloon as opposed to PCP where the FV isn't guaranteed, but still gives the same VT rights

alscar

4,217 posts

214 months

Thursday 25th January 2018
quotequote all
Oracle which are a PCGB partner or someone like Balanced Funding Solutions.
Access to certain rates will depend on whether a so called HNW individual but either way I would suggest either of the above will be able to get you a better rate depending on the format of the loan /balloon quantum etc.

ukwill

8,918 posts

208 months

Thursday 25th January 2018
quotequote all
supercommuter said:
You are incorrect. That is an unsecured loan (even that I can get at 3.9% with them)

For car finance (HP) I can Borrow £50k with £10k down at 3.4 percent - own it at end of term (£2600 over 3 years)
For car finance (PCP) I on a £60k car with balloon it is 4.9% - balloon at end is 22k (£5277 over 3 years)

ETA: You can borrow up to £60k on a 100k car.

You have to be a customer it would appear.

Edited by supercommuter on Thursday 25th January 10:28
Yes I probably am incorrect! Evidently I read the unsecured loan section. Out of interest - where are you seeing those rates on their site?

supercommuter

2,169 posts

103 months

Thursday 25th January 2018
quotequote all
ukwill said:
supercommuter said:
You are incorrect. That is an unsecured loan (even that I can get at 3.9% with them)

For car finance (HP) I can Borrow £50k with £10k down at 3.4 percent - own it at end of term (£2600 over 3 years)
For car finance (PCP) I on a £60k car with balloon it is 4.9% - balloon at end is 22k (£5277 over 3 years)

ETA: You can borrow up to £60k on a 100k car.

You have to be a customer it would appear.

Edited by supercommuter on Thursday 25th January 10:28
Yes I probably am incorrect! Evidently I read the unsecured loan section. Out of interest - where are you seeing those rates on their site?
Are you a customer?

Log in and then go to Loans > Car on the left hand side and you will find them there. I don't know if they are customised for the person based on anything...

ukwill

8,918 posts

208 months

Thursday 25th January 2018
quotequote all
supercommuter said:
Are you a customer?

Log in and then go to Loans > Car on the left hand side and you will find them there. I don't know if they are customised for the person based on anything...
I'm not a customer. I guess that's why I don't see the offer. No big deal!

jonamv8

3,157 posts

167 months

Thursday 25th January 2018
quotequote all
Oracle