New Vantage contract deal
New Vantage contract deal
Author
Discussion

SagMan

Original Poster:

686 posts

250 months

Thursday 26th March 2020
quotequote all
For interest - Contract cars just launches Vantage deal of £750 /nth inc bar . There is a deposit required.

Deal Last year was £1/mth no deposit .

Hope of reading interest in these challenging times
Stay safe

oilit

2,813 posts

208 months

Thursday 26th March 2020
quotequote all
so personal contract is :

Contract Length
24 Month Lease

Profile
£1,200.00 + 9 + 23

Mileage
6,000 Per Annum

Monthly Price
£750.00 inc vat


I don't know what £1200 +9 + 23 means though?


Edited by oilit on Thursday 26th March 16:37

northernmedia

1,988 posts

168 months

Thursday 26th March 2020
quotequote all

I don't know what £1200 +9 + 23 means though?

£1200 per month for 23 months.

9 months deposit upfront


Big Ry

1,682 posts

149 months

Thursday 26th March 2020
quotequote all
northernmedia said:
I don't know what £1200 +9 + 23 means though?

£1200 per month for 23 months.

9 months deposit upfront
So a total exposure of £39,600 over 24 months (or £1650 pm)...........think I'll pass.

I reckon I could get a better deal from a MD.

Monkeylegend

29,380 posts

261 months

Thursday 26th March 2020
quotequote all
SagMan said:
For interest - Contract cars just launches Vantage deal of £750 /nth inc bar . There is a deposit required.

Deal Last year was £1/mth no deposit .

Hope of reading interest in these challenging times
Stay safe
Increased by £749/mth and asking for a deposit. Not such a good deal really.

oilit

2,813 posts

208 months

Thursday 26th March 2020
quotequote all
northernmedia said:
I don't know what £1200 +9 + 23 means though?

£1200 per month for 23 months.

9 months deposit upfront
Thanks ! That +9 was really confusing me getmecoat


Scrump

23,947 posts

188 months

Thursday 26th March 2020
quotequote all
I thought it meant up front fee is £1200 plus 9 months payment followed by 23 months payment.
If the monthly cost is £750 then it costs £1200 + £6750 upfront followed by 23 monthly payments of £750.
This is £25,200 total, equivalent to £1,050 total monthly cost.

anonymous-user

84 months

Thursday 26th March 2020
quotequote all
Scrump said:
I thought it meant up front fee is £1200 plus 9 months payment followed by 23 months payment.
If the monthly cost is £750 then it costs £1200 + £6750 upfront followed by 23 monthly payments of £750.
This is £25,200 total, equivalent to £1,050 total monthly cost.
This. Finally lol.

JonnyCJ

1,309 posts

84 months

Thursday 26th March 2020
quotequote all
Or buy a 4.7 from 2009-2010 for £35-£40k and lose very little in depreciation.

Finance at say 7% if you don’t have the readies and it works out at £233/month assuming no depreciation.

Factor in some depreciation if you want.

SagMan

Original Poster:

686 posts

250 months

Thursday 26th March 2020
quotequote all
JonnyCJ said:
Or buy a 4.7 from 2009-2010 for £35-£40k and lose very little in depreciation.

Finance at say 7% if you don’t have the readies and it works out at £233/month assuming no depreciation.

Factor in some depreciation if you want.
It seems inappropriate to comment given Convid plus can’t drive that much anyway . If you have equity security I still feel really attractive , it will also include Road Tax and servicing . The deal may come back on offer in 4-6 months but I doubt it . Plus if buying any car right now , buy a UK produced one . Aston , as a luxury brand , will face huge hurdles over short term . Confidence within market won’t be there whenever we open up for business

northernmedia

1,988 posts

168 months

Tuesday 31st March 2020
quotequote all
soofsayer said:
Scrump said:
I thought it meant up front fee is £1200 plus 9 months payment followed by 23 months payment.
If the monthly cost is £750 then it costs £1200 + £6750 upfront followed by 23 monthly payments of £750.
This is £25,200 total, equivalent to £1,050 total monthly cost.
This. Finally lol.
I wasn't far off wink

macdeb

8,759 posts

285 months

Tuesday 31st March 2020
quotequote all
JonnyCJ said:
Or buy a 4.7 from 2009-2010 for £35-£40k and lose very little in depreciation.

Finance at say 7% if you don’t have the readies and it works out at £233/month assuming no depreciation.

Factor in some depreciation if you want.
Plus, you would own it.

ds666

3,161 posts

209 months

Tuesday 31st March 2020
quotequote all
I fear that in this current climate depreciation on most cars is almost guaranteed . Have you checked out the prices of 4.3's recently? .

johnymac

448 posts

201 months

Tuesday 31st March 2020
quotequote all
JonnyCJ said:
Or buy a 4.7 from 2009-2010 for £35-£40k and lose very little in depreciation.

Finance at say 7% if you don’t have the readies and it works out at £233/month assuming no depreciation.

Factor in some depreciation if you want.
Is this right? At £233 pm it would take over 12.5 years to pay off before any interest was added. Or am I missing something blindingly obvious?

Robert-q32ja

47 posts

81 months

Wednesday 1st April 2020
quotequote all
Leases often uses the monthly payment to indicate the deposit or up front that is wanted. 9 plus 23 is 9 monthlies upfront when you sign, then 23 monthly payments finishing in 23 or 24 months. Total cost is 9 plus 23 = 32. 32 times the monthly is actual cost. Someone got it right at about £37-38k. Don't forget vat might uplift cost even further, so carefully check the contract.


JonnyCJ

1,309 posts

84 months

Wednesday 1st April 2020
quotequote all
johnymac said:
JonnyCJ said:
Or buy a 4.7 from 2009-2010 for £35-£40k and lose very little in depreciation.

Finance at say 7% if you don’t have the readies and it works out at £233/month assuming no depreciation.

Factor in some depreciation if you want.
Is this right? At £233 pm it would take over 12.5 years to pay off before any interest was added. Or am I missing something blindingly obvious?
Buying outright means you’re only financing the interest, assuming no depreciation. You own the car at all points rather than paying to lease and then give the car back.

Obviously there’s the capital outlay but that can paid back if and when you sell the car.


dbs2000

2,756 posts

222 months

Thursday 2nd April 2020
quotequote all
JonnyCJ said:
Buying outright means you’re only financing the interest, assuming no depreciation. You own the car at all points rather than paying to lease and then give the car back.

Obviously there’s the capital outlay but that can paid back if and when you sell the car.
Who would plan on no depreciation on a car. There's a whole lot of 4.7's out there, so hardly rare.