Financing a Noble

[bradders]

Popped into Gordon Lamb's in Sheffield on Monday to have a look. Came out thinking I must have one. Probably the 3R.

Been looking around for a company that offers a decent PCP deal to finance. Had presumed that I would find something along the lines of 10K deposit, low monthly payments, and a large "balloon" at the end. No such luck. Largest final payment on offer seems to be 14K.

This raises a couple of questions.
1). Anyone know of a finance company that understands what a Noble is? Most seem to not have heard of it.
2). What do you think will be the value of a 3R after 3 years, say 12K miles pa?

Any and all help greatly appreciated.

Cheers,

Mark

[guysh]

They way the 2.5 litres are going at the moment price wise (less than a year old ) I would hazard a guess at low thirties with 30 k on the Clock - maybe even less.

[nickwhale]

Hi Mark

Nick Whale Sports Cars can offer a higher baloon cira 20k.call David OR John. on 01217724250

[Alex]

If the only way you can fincnace the car is with a very high balloon, I would venture to suggest that you can't afford it. I'd go for the lowest balloon you can. I speak from the experience of owning a Griff 500 that was worth less than the balloon at the end of the term.

[jamer]

Ring Richard Beuamont direct on his mobile from TVr Financial Services, they will do all sportscars and quote decent balloons, he's a decent chap and knows his cars, we use him for most of our Financing on TVR's

his mobile number is 07970516201 - tell him James Agger told him to pull his rates down, his balloons up and his finger out!

Good luck -= if it saves you money then it's well worth a call

Regards James

[bradders]

Thanks for the replies.

I had a similar value in mind (around 30K) for value after 3 years, with 30K on the clock. I am going back to the garage on Saturday morning, all being well, and will see what Gordon Lamb can offer.

Alex, I guess it does seem that way at first sight (not being able to afford it, that is), but to be fair, this isn't the case. I could raise the funds pretty quickly if needed, it just shocked me a little to find a very pessimistic view with regard to residuals from the finance companies that have responded to my requests so far.

I am opting out of the company car scheme, you see, and have a good chunk of "extra" monthly income to throw at this, and thought that PCP may be the way to go - deposit, reasonable monthly, and a large "take it or leave it" balloon at the end, giving me ultimate flexibility.

Mark

PS. James, just seen your reply also - will give them a try. Thanks.

[abrook]

bradders said: Thanks for the replies.

I had a similar value in mind (around 30K) for value after 3 years, with 30K on the clock. I am going back to the garage on Saturday morning, all being well, and will see what Gordon Lamb can offer.

Alex, I guess it does seem that way at first sight (not being able to afford it, that is), but to be fair, this isn't the case. I could raise the funds pretty quickly if needed, it just shocked me a little to find a very pessimistic view with regard to residuals from the finance companies that have responded to my requests so far.

I am opting out of the company car scheme, you see, and have a good chunk of "extra" monthly income to throw at this, and thought that PCP may be the way to go - deposit, reasonable monthly, and a large "take it or leave it" balloon at the end, giving me ultimate flexibility.

Mark

PS. James, just seen your reply also - will give them a try. Thanks.

I've got mine through Black Horse finance. Their interest is calculated daily.

[joust]

Spencer at Mole got me a 44% ballon which I thought was reasonable (along with a 6.5% APR.....)

All through First National (who also do the X5 )

J

[bogie]

Try www.in-drive.co.uk

I have my Elise with them with full maintenance. I pay less per month than I would for just the car from a dealer. Im sure they messed up their figures though (mine was the 1st S2 they had done) as the rates have ow gone up by £180 a month for the same deal.

Anyway, they dont have the Noble on the website, but will quote on nearly any car a dealer can give them a price for. You may get luck and they might use the p/per mile figure from a Mondeo ST220! (and Im not joking!)

cheers

bogie