New V8VS Coupe
Author
Discussion

Big Ry

Original Poster:

1,682 posts

149 months

Wednesday 25th February 2015
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As many of you know I've been asking lots of questions of late about V8VS's, SP10's, V12's etc, all with the intention of working out what's best for me.

I've never for a second considered perhaps a fresh out of the box machine, but i'm now realising that there are some cracking discounts (probably a dirty word) on offer at the moment.

Now i'm not silly enough to think that a discount means i'm getting the car at a special price that nobody else is getting offered. I'm not going to name anyone at the moment, but i'm being offered a March 2015 V8VS Coupe SS (700W, Glass Switches,Reversing Camera, Front sensors, auto-rear view, heated seats, bright grill) for £96,500. I'm also being offered 6.0APR (i'm not rich enough to pay cash, sorry guys).

What's the general consensus regarding that price, is it genuinely good, or what you would expect ?

I must admit as it's a daily driver I like the idea of the 3 year warranty, plus fixed cost servicing is nice too.

SFO

5,190 posts

213 months

Wednesday 25th February 2015
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what is the list OTR?

I assume it is a stock car

Big Ry

Original Poster:

1,682 posts

149 months

Wednesday 25th February 2015
quotequote all
Yep a stock car......OTR - £111,295

Johnny42

183 posts

149 months

Wednesday 25th February 2015
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The best discount I got on a brand new car (not Aston) (which I spec'd and ordered at a main dealer) was about 17%.
I did buy a delivery miles Aston from a dealer (I did not spec) and got about 14% off list.
I feel I could have got a little more but I really wanted the car and I think they could smell it smile

Your target is over 15%, but I don't think you'll get 20%.

Hope this helps.

EDIT: with the new info I see you're getting 13.3%. Push a little bit, make them call you back tomorrow, but it's a game of nerve. Will you get a better price or will someone else buy it first?

Edited by Johnny42 on Wednesday 25th February 17:19

BravoV8V

1,858 posts

204 months

Wednesday 25th February 2015
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Paying interest on a depreciating asset seems a strange concept to me.

But maybe that's just me.

Big Ry

Original Poster:

1,682 posts

149 months

Wednesday 25th February 2015
quotequote all
BravoV8V said:
Paying interest on a depreciating asset seems a strange concept to me.

But maybe that's just me.
I agree, but not everyone has a spare £100k knocking about I guess.

I have a friend who insists it's best to only buy property for cash too......not all of us are that fortunate.

Jon1967x

8,192 posts

154 months

Wednesday 25th February 2015
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You have mail... I don't like to talk figures too publicly but I've sent you the deal I had on mine as a guide.

Jon39

14,939 posts

173 months

Wednesday 25th February 2015
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BravoV8V said:
Paying interest on a depreciating asset seems a strange concept to me.

But maybe that's just me.

I begrudge the depreciation as well.
But maybe that's just me.

Went for an 'as new' unmarked 7,000 miler, and had a 44% discount.
I do have to admit though, the technique does need new buyers to make it work.




gibbon

2,182 posts

237 months

Thursday 26th February 2015
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I haven't looked at financing a car for some time, but I 6% APR seems high in the current climate where you can mortgage for 1.19%.

woodsypedia

871 posts

183 months

Thursday 26th February 2015
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I got a 4.9% deal through Alphera. Give my man Alex Baldwin a call at Oracle Finance. Very dedicated and up front. Worth a chat.

alscar

9,976 posts

243 months

Thursday 26th February 2015
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Have pm'd you.

steveatesh

5,368 posts

194 months

Thursday 26th February 2015
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BravoV8V said:
Paying interest on a depreciating asset seems a strange concept to me.

But maybe that's just me.
You're an MP who lives in the Westminster bubble aren't you? Do I Get my £5. smile

Seriously, I assumed mst cars were sold in this way as few people can buy them outright.

When I bought my Vantage the finance guy at the dealership insisted buying on finance was the best way, and that even the footballers bought on finance.

Personally I thought that was bks as why on earth throw money away if you don't have to. But debt got us all into this problem in the first place. Isn't money lending the second oldest profession? wink

OP, I got a better discount that what you are being offered, if that helps!

Jon39

14,939 posts

173 months

Thursday 26th February 2015
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steveatesh said:
BravoV8V said:
Paying interest on a depreciating asset seems a strange concept to me.

But maybe that's just me.
When I bought my Vantage the finance guy at the dealership insisted buying on finance was the best way, and that even the footballers bought on finance.

Did you believe him?

The retail motor dealers are so squeezed on car sales margins, that finance commissions now represent a crucial part of their business model.

Salesmen can often make more by selling finance and paint protection etc., than by selling cars.

They have a wonderful finance system now (PFP), which has low deposit, very attractive low monthly payments, and (whisper) a 'balloon' payment after 3 years. The trick is that most people cannot pay the 'balloon' payment at the end, so they can either hand the car back, or buy another car and start all over again. Needless to say, most are buying another car.

BRILLIANT - I wonder who thought of that way of selling more cars?


steveatesh

5,368 posts

194 months

Thursday 26th February 2015
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Jon39 said:

Did you believe him?
Certain people I never believe - politicians and car sales people are right up there! So no, not a single word of what he said and I totally ignored him anyway did what I wanted to do, not him, lol

michael gould

5,698 posts

271 months

Thursday 26th February 2015
quotequote all
Big Ry said:
As many of you know I've been asking lots of questions of late about V8VS's, SP10's, V12's etc, all with the intention of working out what's best for me.

I've never for a second considered perhaps a fresh out of the box machine, but i'm now realising that there are some cracking discounts (probably a dirty word) on offer at the moment.

Now i'm not silly enough to think that a discount means i'm getting the car at a special price that nobody else is getting offered. I'm not going to name anyone at the moment, but i'm being offered a March 2015 V8VS Coupe SS (700W, Glass Switches,Reversing Camera, Front sensors, auto-rear view, heated seats, bright grill) for £96,500. I'm also being offered 6.0APR (i'm not rich enough to pay cash, sorry guys).

What's the general consensus regarding that price, is it genuinely good, or what you would expect ?

I must admit as it's a daily driver I like the idea of the 3 year warranty, plus fixed cost servicing is nice too.
as long as you accept you will drop 40k + over the next 3 years ......personally i would rather somebody else dropped the tax paid money, not me ......but each to their own and if people didn't buy new cars then poor people like me wouldn't be able to drive Astons..........6% sounds expensive

BravoV8V

1,858 posts

204 months

Thursday 26th February 2015
quotequote all
steveatesh said:
You're an MP who lives in the Westminster bubble aren't you? Do I Get my £5. smile
Not even close. Thankfully.

But paying £120k for something that will probably be worth £60-70k when you come to sell (or trade-in) seems a bit crazy to me. Like Michael already said, the buyer will probably be losing £40-60k (conservatively) over the ownership of the car. That seems like a very high price to pay for the privilege of driving a new AM.

I'm obviously not advocating that people shouldn't buy new Aston Martins. Not at all. But paying for it with interest on top, well...

FrankieDBSBee

763 posts

152 months

Thursday 26th February 2015
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BravoV8V said:
But paying for it with interest on top, well...
I think many don't have the luxury of not!

Johnny42

183 posts

149 months

Thursday 26th February 2015
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FrankieDBSBee said:
BravoV8V said:
But paying for it with interest on top, well...
I think many don't have the luxury of not!
On a new Aston? You have the choice of buying a lower priced brand, or go used... Buying a used car is always the smart option.

As has been pointed out, Finance is a way of selling more cars. It's very clever, it puts new cars within reach of more people. But it also means you pay more for the cars over the ownership period. Total genius.

Property is not a comparable asset because it does not normally depreciate.

Padley69

211 posts

163 months

Thursday 26th February 2015
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For that sort of money you'd be getting a rather nice 2-3 year old V12V that will have eaten well into its depreciation curve. I know what I'd choose. Good luck

anonymous-user

84 months

Thursday 26th February 2015
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Johnny42 said:
On a new Aston? You have the choice of buying a lower priced brand, or go used... Buying a used car is always the smart option.

As has been pointed out, Finance is a way of selling more cars. It's very clever, it puts new cars within reach of more people. But it also means you pay more for the cars over the ownership period. Total genius.

Property is not a comparable asset because it does not normally depreciate.
Unless of course there are very special deals out there.

Current example would be BMWs 0% finance on M5s. Why would you buy outright then ?

Similarly Land Rover occasionally pop up with 0% 50:50 deals.