Finance

[V8VKK]

sh85 said:

Could i also have the broker details please

Sure
http://www.supercarfinance.co.uk/non_flash/index.h...
I dealt with Tony Howe

[WantanewV12V]

Try Lombards - APR 7.1%

[lozzom]

V8VKK said:

I went down the finance with Balloon payment as due to my circumstances (I lend money) it made sense, the deal I have with Santander is

Purchase price £47,000
Deposit £12,000
48 Payments £599
Balloon £13,474

Total charge for credit £7552.52
APR 3.84%

I personally think that if I did take this to term it would end up being pretty much interest free if the car is worth more than £21k.

48 payments of £599 = £28,752 so charge for credit is £28,752 - (£35,000 - £13,474,) = £7,226 ? Does £7,552 include some sort of admin fee?
APR looks nearer 7.23%. If the car is worth £21k you may have got your interest back in cash terms but it doesn't make it interest free?

[michael gould]

try cash 0% interest

[Murph7355]

michael gould said:

try cash 0% interest

Unless you could use the liquid funds to return better than the cost of the car finance...

[michael gould]

Murph7355 said:

michael gould said:

try cash 0% interest

Unless you could use the liquid funds to return better than the cost of the car finance...

come on Murph......you cant buy a decent case of Petrus for 47k these days......