V8 Vantage (2006) financing?
Discussion
Now these are sitting at £25k - £30k for a decent early example, thinking of having one as a daily - commute is 10 miles round trip, plus great for the odd escape. Anyone financed these? And who did you use?
Would put £5k down, and happy with a balloon - the residuals at this price have to be pretty robust?
Would put £5k down, and happy with a balloon - the residuals at this price have to be pretty robust?
Apr should be cheaper on a bank loan, I’m thinking more of keeping monthlies to a minimum. Plan is to upgrade within a year, and have a fair amount of other bits to pay out on. At the level of borrowing, APR over a 6-12 months won’t make too much diff overall to me.
I 100% get your point from a longer term perspective though.
I 100% get your point from a longer term perspective though.
You’ll lose some money in the current climate within 12 months, at £30k dealer purchase in 12 months time I can’t see you getting much more than £24k back.
Add onto that the interest of financing, etc, etc.
I’d look at a personal loan, HSBC premier account is decent APR, circa £30k over 5 years, £500 odd per month, so appx £10-12k for a year.
Add onto that the interest of financing, etc, etc.
I’d look at a personal loan, HSBC premier account is decent APR, circa £30k over 5 years, £500 odd per month, so appx £10-12k for a year.
If you're that concerned at keeping the monthly amount down - can you genuinely afford to run one?
I sold mine last summer, after ~4 years of ownership. Great car, but if things broke it could get expensive - for example, rear lights failing due to water ingress. New rear lights ~£1k. Similar stories for the front lights, door modules etc.
They are good cars, and I don't think they have more issues than most cars that age - but if they do, it will cost you.
I sold mine last summer, after ~4 years of ownership. Great car, but if things broke it could get expensive - for example, rear lights failing due to water ingress. New rear lights ~£1k. Similar stories for the front lights, door modules etc.
They are good cars, and I don't think they have more issues than most cars that age - but if they do, it will cost you.
Just to add I’ve owned mine since Dec 2016, it’s probably cost me £8k exc fuel / insurance / tax, etc.
About £2.5k pa, nothing has gone wrong but it (mechanically) is services and inspected every year with everything sorted if it’s flagged up. I’m expecting a cheap year this year, unless it needs front tyres!
About £2.5k pa, nothing has gone wrong but it (mechanically) is services and inspected every year with everything sorted if it’s flagged up. I’m expecting a cheap year this year, unless it needs front tyres!
davek_964 said:
If you're that concerned at keeping the monthly amount down - can you genuinely afford to run one?
I sold mine last summer, after ~4 years of ownership. Great car, but if things broke it could get expensive - for example, rear lights failing due to water ingress. New rear lights ~£1k. Similar stories for the front lights, door modules etc.
They are good cars, and I don't think they have more issues than most cars that age - but if they do, it will cost you.
This was going to be in the follow up questions - Its handy to know the running costs inc maintenance and one offs. I sold mine last summer, after ~4 years of ownership. Great car, but if things broke it could get expensive - for example, rear lights failing due to water ingress. New rear lights ~£1k. Similar stories for the front lights, door modules etc.
They are good cars, and I don't think they have more issues than most cars that age - but if they do, it will cost you.
This is more of a case of me freeing up money for other bits and pieces. (Three kids and 2 other cars to run) I’ve used Ford options for a few cars previously including a focus St. Price wise it was not far of the Aston, but residual value on the Aston has to be way better than the ford, So thinking a personal loan over 7/8 years or a pcp style agreement will get me in the sub £300pm zone. My (possibly flawed) thinking here is save on monthlies so I don’t have to move anything around when something inevitably goes wrong!
Simon-Cook said:
davek_964 said:
If you're that concerned at keeping the monthly amount down - can you genuinely afford to run one?
I sold mine last summer, after ~4 years of ownership. Great car, but if things broke it could get expensive - for example, rear lights failing due to water ingress. New rear lights ~£1k. Similar stories for the front lights, door modules etc.
They are good cars, and I don't think they have more issues than most cars that age - but if they do, it will cost you.
This was going to be in the follow up questions - Its handy to know the running costs inc maintenance and one offs. I sold mine last summer, after ~4 years of ownership. Great car, but if things broke it could get expensive - for example, rear lights failing due to water ingress. New rear lights ~£1k. Similar stories for the front lights, door modules etc.
They are good cars, and I don't think they have more issues than most cars that age - but if they do, it will cost you.
This is more of a case of me freeing up money for other bits and pieces. (Three kids and 2 other cars to run) I’ve used Ford options for a few cars previously including a focus St. Price wise it was not far of the Aston, but residual value on the Aston has to be way better than the ford, So thinking a personal loan over 7/8 years or a pcp style agreement will get me in the sub £300pm zone. My (possibly flawed) thinking here is save on monthlies so I don’t have to move anything around when something inevitably goes wrong!
In my experience over 4 years, it was mostly positive - I did however have a brief period where a few things seemed to go wrong close together, and threw my toys out the pram a bit at the time. But it did settle down.
I'd say that you should not expect regular big expenses - I certainly didn't have that - but you need to be able to deal with the fact that occasionally, you will probably have some. If your finances allow that, then you should be fine.
I actually kept a running report of looking for - and running - mine over the period I owned it. Mostly very positive - it should give you a real world ownership experience:
https://www.pistonheads.com/gassing/topic.asp?h=0&...
davek_964 said:
Some of the one off's can be big - clutch is the obvious, but you can target cars with a fairly recent clutch. Lights and door modules I mentioned.
In my experience over 4 years, it was mostly positive - I did however have a brief period where a few things seemed to go wrong close together, and threw my toys out the pram a bit at the time. But it did settle down.
I'd say that you should not expect regular big expenses - I certainly didn't have that - but you need to be able to deal with the fact that occasionally, you will probably have some. If your finances allow that, then you should be fine.
I actually kept a running report of looking for - and running - mine over the period I owned it. Mostly very positive - it should give you a real world ownership experience:
https://www.pistonheads.com/gassing/topic.asp?h=0&...
That's super helpful thanks! I keep getting drawn to this one:In my experience over 4 years, it was mostly positive - I did however have a brief period where a few things seemed to go wrong close together, and threw my toys out the pram a bit at the time. But it did settle down.
I'd say that you should not expect regular big expenses - I certainly didn't have that - but you need to be able to deal with the fact that occasionally, you will probably have some. If your finances allow that, then you should be fine.
I actually kept a running report of looking for - and running - mine over the period I owned it. Mostly very positive - it should give you a real world ownership experience:
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/classifieds/used-cars/...
As mentioned above the running costs are the biggest factor but the Works car you have linked will have a years warranty.
I kept my 4.7 under extended warranty for five years so the £1500 sidelight LED etc was covered. You also need to remember these are over £550 a year in RFL and do low 20’s MPG.
As for using it daily, it is capable but I think the novelty would wear off quickly.
I kept my 4.7 under extended warranty for five years so the £1500 sidelight LED etc was covered. You also need to remember these are over £550 a year in RFL and do low 20’s MPG.
As for using it daily, it is capable but I think the novelty would wear off quickly.
South tdf said:
As mentioned above the running costs are the biggest factor but the Works car you have linked will have a years warranty.
I kept my 4.7 under extended warranty for five years so the £1500 sidelight LED etc was covered. You also need to remember these are over £550 a year in RFL and do low 20’s MPG.
As for using it daily, it is capable but I think the novelty would wear off quickly.
That's definately appealing - why do you think novelty would wear off?I kept my 4.7 under extended warranty for five years so the £1500 sidelight LED etc was covered. You also need to remember these are over £550 a year in RFL and do low 20’s MPG.
As for using it daily, it is capable but I think the novelty would wear off quickly.
Lord.Vader said:
Just to add I’ve owned mine since Dec 2016, it’s probably cost me £8k exc fuel / insurance / tax, etc.
About £2.5k pa, nothing has gone wrong but it (mechanically) is services and inspected every year with everything sorted if it’s flagged up. I’m expecting a cheap year this year, unless it needs front tyres!
Seems reasonable - Fortunately I have a mate who is a wholesaler of tyres! How often do you use it?About £2.5k pa, nothing has gone wrong but it (mechanically) is services and inspected every year with everything sorted if it’s flagged up. I’m expecting a cheap year this year, unless it needs front tyres!
TheAlastair34 said:
Buy private for 23-24k and borrow 19K loan with make it £340 PM
and come to move it on you will be in a better place from buying a private car, thats what i would be doing
This makes me feel that I should be able to get a HP with Balloon at a half decent rate, although at that monthly payment isn't a mile off!and come to move it on you will be in a better place from buying a private car, thats what i would be doing
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