V12VS Finance Promotion + Future Values?
Discussion
Having always owned cars outright, I'm slightly sceptical about financing a car - however now that I'm looking to buy something a bit special (and therefore pricey,) I'm thinking it might be time to look at the offers out there, instead of tying up large sums of money.
A friend of mine works at Aston Martin (Stratstone) and sent me the below finance examples. I was previously considering an RS5 or M4, but would MUCH rather an Aston! The monthly repayments on a V12VS are the same as an RS5/M4 - however obviously the down payment is around 3 times as much!
My question is (and I appreciate nobody has a crystal ball) what are the likely future values of a V12Vs, 2 years old with 12k on the clock?
I know someone who managed to finance a porsche GT3 on a similar deal and in 2 years managed to sell at such a premium to the balloon, that he had basically owned the car for nothing after 2 years and 15,000 miles.
Below shows £23k customer deposit, £16k contribution from aston, £699 per month, £91k balloon - 24 months and 6k miles per annum
Thanks
A friend of mine works at Aston Martin (Stratstone) and sent me the below finance examples. I was previously considering an RS5 or M4, but would MUCH rather an Aston! The monthly repayments on a V12VS are the same as an RS5/M4 - however obviously the down payment is around 3 times as much!
My question is (and I appreciate nobody has a crystal ball) what are the likely future values of a V12Vs, 2 years old with 12k on the clock?
I know someone who managed to finance a porsche GT3 on a similar deal and in 2 years managed to sell at such a premium to the balloon, that he had basically owned the car for nothing after 2 years and 15,000 miles.
Below shows £23k customer deposit, £16k contribution from aston, £699 per month, £91k balloon - 24 months and 6k miles per annum
Thanks
Edited by joshdodds on Monday 3rd August 16:50
Sure, I appreciate the GT3 is in a league of its own - I guess I'm trying to ascertain whether a V12VS will be worth its balloon (£91k in this instance) in 2 years time and 12k miles...
Looking at the 2 year old V12VS for sale now suggests it will be, maybe even a bit more, but with speculation of a new Vantage nearing prices could go either way...
Looking at the 2 year old V12VS for sale now suggests it will be, maybe even a bit more, but with speculation of a new Vantage nearing prices could go either way...
No worries 
You have to make the payment at the end. The dealer said "if you didn't want to keep the car we would make you an offer, likely 5-10k under market value"
So based on the current market, I would expect the car to be worth £100-110k in 2 years time, therefore you could pretty much give the car back to them...
You have to make the payment at the end. The dealer said "if you didn't want to keep the car we would make you an offer, likely 5-10k under market value"
So based on the current market, I would expect the car to be worth £100-110k in 2 years time, therefore you could pretty much give the car back to them...
joshdodds said:
No worries
So based on the current market, I would expect the car to be worth £100-110k in 2 years time, therefore you could pretty much give the car back to them...
So based on the current market, I would expect the car to be worth £100-110k in 2 years time, therefore you could pretty much give the car back to them...
£39,776 to use a V8VS for two years, then hand it back.
Or
£10,000 to use a V8V for four years.
Now let me think.
It is the handing back, which would upset me.
joshdodds said:
No worries
You have to make the payment at the end. The dealer said "if you didn't want to keep the car we would make you an offer, likely 5-10k under market value"
So based on the current market, I would expect the car to be worth £100-110k in 2 years time, therefore you could pretty much give the car back to them...
truth is, you have to buy, and the dealer does not. you could be badly hammered.You have to make the payment at the end. The dealer said "if you didn't want to keep the car we would make you an offer, likely 5-10k under market value"
So based on the current market, I would expect the car to be worth £100-110k in 2 years time, therefore you could pretty much give the car back to them...
can you get the £16k discount and get your finance elsewhere?
Little Donkey said:
Probably the last of a V12 normally aspirated Aston Martin Vantage. I'd suggest that residuals could be quite healthy.
I think that will be the case in the medium/longer term (well I hope it will) but in two years??Dealers are discounting nearly all Astons quite substantially and I think SFO saying get £16k off and fund elsewhere is by far the better way to go unless the dealer matches the discount being made available.
As for the value in two years that will depend on discounting, the reaction to the new models, and also how many are made. If your crystal ball can factor all that stuff (and probably lots more) then you will know what to do, if not????????
IanV12VR said:
Little Donkey said:
Probably the last of a V12 normally aspirated Aston Martin Vantage. I'd suggest that residuals could be quite healthy.
I think that will be the case in the medium/longer term (well I hope it will) but in two years??The consensus here, is that customer deliveries of Vantage Mk2 will begin in September 2017.
Will AML be able to resist a final special edition of the V12 Vantage before then?
Judging by past form, I don't think so, and the interest is around a possible manual gearbox option.
All seems very complicated, with lots of variables. Also note the deal is based on the basic list price of the car with no extras.
If you need finance, can you source a loan from a bank at a reasonable rate, then go looking for a nearly new dealer spec car you like as a cash buyer? That will minimise the initial slug of depreciation.
The V12VS is an amazing, really well sorted car. I realise it's going to be replaced fairly soon. But that does not necessarily mean the new one will be better.........
If you need finance, can you source a loan from a bank at a reasonable rate, then go looking for a nearly new dealer spec car you like as a cash buyer? That will minimise the initial slug of depreciation.
The V12VS is an amazing, really well sorted car. I realise it's going to be replaced fairly soon. But that does not necessarily mean the new one will be better.........
Those maths and variables terrify me! It also looks like a very expensive proposition for 2 years motoring.
These finance packages made absolutely no sense to me when I was looking. And they were tempting me with big money off a Rapide S - but even then it didn't stack up. Depreciation in 2 years on a Rapide killed the deal and made purchasing second hand Rapide an absolute no brainer.
What is a V12V going for after 2 years minus the 10k the dealer will need to hit it for their resale profit? Then add your other costs. Are we looking at £50k for 2 years and with no asset left? Compare that with what you can do with a 50k loan and all your savings and actually owning the car after 3 years (that has to be a 50k asset right?).
But go with your heart :-)
These finance packages made absolutely no sense to me when I was looking. And they were tempting me with big money off a Rapide S - but even then it didn't stack up. Depreciation in 2 years on a Rapide killed the deal and made purchasing second hand Rapide an absolute no brainer.
What is a V12V going for after 2 years minus the 10k the dealer will need to hit it for their resale profit? Then add your other costs. Are we looking at £50k for 2 years and with no asset left? Compare that with what you can do with a 50k loan and all your savings and actually owning the car after 3 years (that has to be a 50k asset right?).
But go with your heart :-)
SFO said:
joshdodds said:
No worries
You have to make the payment at the end. The dealer said "if you didn't want to keep the car we would make you an offer, likely 5-10k under market value"
So based on the current market, I would expect the car to be worth £100-110k in 2 years time, therefore you could pretty much give the car back to them...
truth is, you have to buy, and the dealer does not. you could be badly hammered.You have to make the payment at the end. The dealer said "if you didn't want to keep the car we would make you an offer, likely 5-10k under market value"
So based on the current market, I would expect the car to be worth £100-110k in 2 years time, therefore you could pretty much give the car back to them...
can you get the £16k discount and get your finance elsewhere?
Keep in mind that what Stratstone are doing is offering the customer an unsecured loan with an interest rate of 4%. It's that simple. The balloon payment element is really a bit of a red-herring, it's just designed to keep the monthly payments as low as possible by restricting the capital element of repayments to circa £350 a month. And of course to get the customer to come back and talk at the end of 2 years. The dealer will be hoping that the outcome of that conversation will be the customer uses the equity in the car as the backbone of a deposit for a new one.
That (plus the commission payment from the lender) is why they offer the £16k up-front discount. They WANT you to take the finance. Indeed its one of their monthly targets. It's a myth that turning up with cash makes you a more attractive customer to them. So you mayb find that getting finance from elsewhere leads to them reducing the discount they're prepared to offer.
But the real question is, can the borrower find finance elsewhere at meaningfully less than 4%? Without knowing individual circumstances I suspect the answer is no, unless you're remortgaging (not advisable to fund a car purchase).
Of course the OP could try negotiating further with the dealer. If they're offering a £16k upfront discount in public (on the website), then a private negotiation may get the price down a bit further, get some extras thrown in.
But the bottom line here is simple, new Aston Martin's aren't cheap cars. There's no way around that. And if you want to finance a £100k give or take its going to cost...
Josh,
Many wise words for you, from the contributors with experience. All trying to help you to own one of these magnificent cars, without you spending or losing an excessive amount.
You may already know this, but a new order to your own specification, will usually be at list plus the option ticking ritual. Dealers also order cars themselves, and others appear to come their way when the factory has a lull.
Therefore a few phone calls might locate a new V12VS in stock, that meets your requirements. These cars are very much cheaper, and are not advertised.
There are some happy owners on here, who have bought this way.
Jon, Having recently bought a V12VS Roadster I can confirm that discounts are available on cars built to your own spec 
I was very happy with the deal I got and the car was to our exact specification. The downside is you have to wait a few months for it whereas, as you say, if you can find one that ticks your requirements in dealer stock the you can get the car straight away. Worth a few phone calls.
I was very happy with the deal I got and the car was to our exact specification. The downside is you have to wait a few months for it whereas, as you say, if you can find one that ticks your requirements in dealer stock the you can get the car straight away. Worth a few phone calls.
IanV12VR said:
Jon, Having recently bought a V12VS Roadster I can confirm that discounts are available on cars built to your own spec
I was very happy with the deal I got and the car was to our exact specification. The downside is you have to wait a few months for it whereas, as you say, if you can find one that ticks your requirements in dealer stock the you can get the car straight away. Worth a few phone calls.
I was very happy with the deal I got and the car was to our exact specification. The downside is you have to wait a few months for it whereas, as you say, if you can find one that ticks your requirements in dealer stock the you can get the car straight away. Worth a few phone calls.
Thank you Ian, I did not know that.
Perhaps fortunate that I did include the word 'usually', so my comment might still have some truth.
I gather that you are a very special AML customer, so you definitely deserve your new order discount. Cannot quite understand how you decide which one to drive. I imagine you using an adapted version of that famous phrase, "Shall we take the Aston, or the Aston tonight darling". -
joshdodds said:
Sure, I appreciate the GT3 is in a league of its own - I guess I'm trying to ascertain whether a V12VS will be worth its balloon (£91k in this instance) in 2 years time and 12k miles...
Looking at the 2 year old V12VS for sale now suggests it will be, maybe even a bit more, but with speculation of a new Vantage nearing prices could go either way...
There's a v12v s at a dealers ,2013 for £99k ,I would use that as a barometer.Looking at the 2 year old V12VS for sale now suggests it will be, maybe even a bit more, but with speculation of a new Vantage nearing prices could go either way...
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