APR

[sukh_m]

Looking to do some finance on my purchase been quoted approx 10% APR by Oracle Finance.

Anyone got anything lower? I have a very good credit score do not sure if anything lower is achievable.

Thanks

[ANOpax]

5.99% through ING.

[Shandy81]

That is very high. Just secured 4.9%.

[michael gould]

save up and pay cash......finance on cars is for mugs and poor people

[BingoBob]

Although I generally agree with the above, it doesn't necessarily apply if you own a company and are taxed on what you take out of the company. It can work out much more efficient to service a loan at 5% APR than to pull out a lump sump and pay 40% tax on it.

[yeti]

michael gould said:

save up and pay cash......finance on cars is for mugs and poor people

Or marry a rich wife? I've heard that works too

[sukh_m]

Shandy81 said:

That is very high. Just secured 4.9%.

where from? Thanks

[Shandy81]

BingoBob said:

Although I generally agree with the above, it doesn't necessarily apply if you own a company and are taxed on what you take out of the company. It can work out much more efficient to service a loan at 5% APR than to pull out a lump sump and pay 40% tax on it.

Agree - that's exactly how we run our set up.

[Shandy81]

sukh_m said:

where from? Thanks

Replied to your PM with contact details.

[whoami]

Shandy81 said:

That is very high. Just secured 4.9%.

Flat or APR?

[kbf1981]

BingoBob said:

Although I generally agree with the above, it doesn't necessarily apply if you own a company and are taxed on what you take out of the company. It can work out much more efficient to service a loan at 5% APR than to pull out a lump sump and pay 40% tax on it.

This. Plus then you can spend more money on growing the business, and get the cool toys you like.

[yeti]

BingoBob said:

Although I generally agree with the above, it doesn't necessarily apply if you own a company and are taxed on what you take out of the company. It can work out much more efficient to service a loan at 5% APR than to pull out a lump sump and pay 40% tax on it.

Will copy and paste this to the OH - let the fun begin in my clasic Bentley

[sukh_m]

kbf1981 said:

BingoBob said:

Although I generally agree with the above, it doesn't necessarily apply if you own a company and are taxed on what you take out of the company. It can work out much more efficient to service a loan at 5% APR than to pull out a lump sump and pay 40% tax on it.

This. Plus then you can spend more money on growing the business, and get the cool toys you like.

I was told this by my accountant also

[AMDBSNick]

Don't forget Mr G has a rich filthy wife

[George H]

AMDBSNick said:

Don't forget Mr G has a rich filthy wife

Rich filthy not filthy rich?

I'm not sure which is better!

[v8woollie]

AMDBSNick said:

Don't forget Mr G has a rich filthy wife

Was a comma missing from that sentence

[ds2000]

BingoBob said:

Although I generally agree with the above, it doesn't necessarily apply if you own a company and are taxed on what you take out of the company. It can work out much more efficient to service a loan at 5% APR than to pull out a lump sump and pay 40% tax on it.

I agree 100% with this; can't decide whether to finance my Vantage or pay cash..... company is doing well, I have no debt (other than the mortgage) so not sure on what's best. I think I'll probably pay cash but we'll see

[AMDBSNick]

v8woollie said:

Were a comma missing from that sentence

,

[Shandy81]

whoami said:

Flat or APR?

APR.

[Lunablack]

michael gould said:

save up and pay cash......finance on cars is for mugs and poor people

Yes of course it is