Caterham Academy Finance

[rustywhite1984]

Does anyone know if Caterham still offer a finance package on their Academy Package? They offered a very strong package at launch but can't find any recent info. Have sent them a couple of emails with no response yet. Before i give them a call thought I would ask if anyone here knows anything further.

Very interested in getting into curcuit racing and the caterham academy seems to be a really comprehensive package with the race licence, set up learning days and race season all in but I don't happen to have a spare £20k in the bank.

By the way I don't want to get into a debate about car finance, I am a 10 year main dealer car salesman and deal with finance everyday of the week, you are very unlikely to teach me anything.

Cheers

[rustywhite1984]

Pdelamare said:

Email Jenny, she may know. [e-mail]

Thanks Pdelamare for the advice. email bounced back non delivered, which dealer does jenny work at? I'll see if I can contact her directly.

[rustywhite1984]

boy said:

Finance to buy a race car......you must be nuts

Thanks for turning this into a finance debate, just what I wasn't looking for.

[rustywhite1984]

BSA said:

+1
I am a know it all, Well not quite that's why your having to borrow 20 k to go racing !

Apologies for trying to keep to a point! I felt I had to be a bit stern to keep the tread to the question I was asking rather than a slagging match but seems to have happened anyway. Do you feel big now, do you feel really important now you've told someone off? Do you struggle to talk to people in the real world and prefer trying to bully on faceless Internet forums.

[rustywhite1984]

BSA said:

Its nothing to do with to borrow money or not , Its just the typical arrogance of a new car salesman Don't tell me anything about finance i know it all .....LOL

Would it not be reasonable to assume that when it comes to vehicle finance I'm probably going to have a higher level of knowledge than most as my life and lovley hood depend on it?

Do you find that most salespeople react to you with hostility (that you mistake for arrogance). Have you ever considered that you might be the problem...

Try being less of a self important ahole, see if you get a different reaction.

[rustywhite1984]

mrmr96 said:

What you're financing makes no difference what so ever to whether finance is a 'good idea' or not. Some people have come on here spouting that "I'd never borrow money to fund a depreciating asset". It makes no sense. How would it be better to pay cash for a "depreciating asset"? Both depreciate, paying cash doesn't prevent that.

Same kind of thing applies here. Financing a road car or financing a race car. Both are expensive. Both will be worth less than you paid for them when you sell them. Also, crashing and repairing a race car is no cheaper and no more expensive whether that car is financed or paid cash. Can't you see there's no relation at all?

The only POTENTIAL indication would be whether the OP has sufficient funds available to mend things/pay unexpected bills. Who knows, maybe he has £20k in the bank but wants to keep that as his fighting fund? Hence financing the car and keeping wedge back to pay the unexpected bills? I'd even go as far as to say that that strategy would make more sense than putting all the savings into the car and then having to apply for more credit each time a bill comes in.

Very much so.

[rustywhite1984]

boy said:

I didnt turn this into a finance debate you did that by starting the thread.

Edited by boy on Monday 25th November 11:58

I asked if anyone knew if finance was available, not if they thought it was a good idea.

You know how to read, right?

[rustywhite1984]

griffgrog said:

I am doing the Caterham Acadamy next year and I will finance the car. I can afford the finance and I can afford to write the car off and rebuild it. I finance things that are 'financeable', like my cars, my house, my industrial units, my vans etc. At the moment it makes sense. If you understand finance and your own ability to meet the ongoing payments then only you can make a judgement if its right for you or not.

Hi Griff, do you mind if I ask was the finance through Caterham?

[rustywhite1984]

BSA said:

Its nothing to do with to borrow money or not , Its just the typical arrogance of a new car salesman Don't tell me anything about finance i know it all .....LOL

Do you often judge people you've never met based on very limited information and evidence, possibly solely from one single aspect (in this case my profession)? There's another group of people that do exactly the same thing but on a different aspect, they're called racists...

[rustywhite1984]

BSA said:

Its nothing to do with to borrow money or not , Its just the typical arrogance of a new car salesman Don't tell me anything about finance i know it all .....LOL

Do you often judge people you've never met based on very limited information and evidence, possibly solely from one single aspect (in this case my profession)? There's another group of people that do exactly the same thing but on a different aspect, they're called racists...

[rustywhite1984]

BertBert said:

So that must be absolute proof you are not a salesman. Whoever heard of a salesman firstly asking a load of uninformed whiners a question about something they have no idea about and then emailing the person who might actually know rather than phoning them?
Bert

fk off Bert, you uniformed whining little prick. Go back to your benefits or getting on Jeremy Kyle or whatever the limitations of your pathetic tiny mind allow.

Salesmany enough for you?