Aston Balanced Payments plan
Discussion
The figures on these are remarkable for a new Vantage - £10k deposit and £500/month.
So the value depends on what the end figure is after 2 years - they say £60k.
In people's experiences here, is that reasonable depreciation for a new Aston? It seems about right to me, but with very little equity in the car at that point.....
So the value depends on what the end figure is after 2 years - they say £60k.
In people's experiences here, is that reasonable depreciation for a new Aston? It seems about right to me, but with very little equity in the car at that point.....
Seems about right.....or you could just buy a 3 year old one for £55k and keep it forever.
Usually what the first owner pays in depreciation/PCP rental over the first 3 years, you can buy it for and keep....thats what I do anyway. Its not like a 3 year old one has got 60k miles on it and knackered......
Usually what the first owner pays in depreciation/PCP rental over the first 3 years, you can buy it for and keep....thats what I do anyway. Its not like a 3 year old one has got 60k miles on it and knackered......
"Balanced Payments" plans or "high net worth" plans sometimes are outside of CCA regulated agreements and can be variable interest rates, but the payments per month are kept the same with the increased interest from any rate rise being rolled up and compounded into the final payment. Sometimes the lender has absolute discretion to vary the rate as it sees fit, not linked to any change in a reference base rate / LIBOR + margin.
Whilst not all "balanced payment" plans have all those terms, it would be prudent to read any such loan agreement very carefully before proceeding and understand how any interest rate change may be made and if it is varied how it may vary the final payment.
Whilst not all "balanced payment" plans have all those terms, it would be prudent to read any such loan agreement very carefully before proceeding and understand how any interest rate change may be made and if it is varied how it may vary the final payment.
bogie said:
Seems about right.....or you could just buy a 3 year old one for £55k and keep it forever.
Exactly, and that was my system. Slightly satisfying to find a perfect, low mileage Vantage, and think it originally cost the new buyer £50,000 more.I suppose though, we need to have already saved those £500 per month payments for 9 years.
OP. Your figure might apply to a basic Vantage without any of the options. Possibly Gaydon have never built a Vantage without extras, particularly the present cars with some extras which used to be standard.
They are great cars. Perhaps choose a manual, then you will have one of the last ever V8 naturally aspirated Aston Martins.
yep, decided that despite good monthly payments the depreciation is too vast to make it worth while. So looking at £45-55k region (better finance on younger cars) but it still needs a bit more working out. But a much better place on the depreciation curve...... 4.7V8 manual here we come.....
xcentric said:
yep, decided that despite good monthly payments the depreciation is too vast to make it worth while. So looking at £45-55k region (better finance on younger cars) but it still needs a bit more working out. But a much better place on the depreciation curve...... 4.7V8 manual here we come.....
A wise decision, but of course we do need the new buyers to create our 3 year old bargains.
To further encourage you, did you know that the early 4.7 manuals have had almost no depreciation at all (retail prices), during the past three years?
Edited by Jon39 on Saturday 28th January 23:56
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