Is This A Good Quote?

[Martin_M]

Ho folks, it's actually too expensive for me as I don't want to pay any more than £400 per month. I just wondered if you thought this was still a good quote against the new subaru wrx sti.

Dark grey WRX STI (November delivery) £29,495 (inclusive of met. paint)

£1400 down

46x £436

GFV around £12500

Thoughts?

[Silverage]

It sounds like a lot of money to pay to be left with a £12.5k payment at the end to own a 4 year old car.

That residual is almost 42%. Is the car likely to be worth that much at 4 years?

The very low (5%) deposit isn't helping things either.

[Phateuk]

Doesn't look a very competitive deal to me either. As an example I paid £1800 initial +£301/month on a £32k car.

[rfoster]

Rate's not bad, about 3.1% flat rate (6.3% APR-ish, depending on document fees).