Car Finance Best apr super car
Discussion
When I was looking to fund a GT3, I looked at various options. Clydesdale Bank came out top then and I've no reason to doubt why they wouldn't now. Their rates were significantly lower than any of the other typical funders. I didn't pull the trigger in the end but I can fire over the details of the guy I dealt with, if it helps
Their rates in early 2019 where c4.5% APR from memory
Their rates in early 2019 where c4.5% APR from memory
mike74 said:
As ever in these cases my advice remains consistently that it might be best if you seek some form of therapy or counselling to try and overcome your feelings of failure and inadequacy that manifest themselves in you wanting to be seen driving around in a car you can't afford.
I agree. Whilst you are at it, make sure you don’t get a Mortgage. Wouldn’t want to be seen in a house you can’t afford. Probably best to get your next 3 or 4 years wages up front from the company you work for. They really shouldn’t employ people they can’t afford. Then you’ll have the readies for the car too.mike74 said:
As ever in these cases my advice remains consistently that it might be best if you seek some form of therapy or counselling to try and overcome your feelings of failure and inadequacy that manifest themselves in you wanting to be seen driving around in a car you can't afford.
seriously, are you still here?mike74 said:
As ever in these cases my advice remains consistently that it might be best if you seek some form of therapy or counselling to try and overcome your feelings of failure and inadequacy that manifest themselves in you wanting to be seen driving around in a car you can't afford.
Ohh yipee, can we have some photos of your mum or a grotty old barge? Purso said:
Hi guys, I’m hopefully going to be pulling trigger on something fun in the next couple of weeks that requires 6 figure finance and I wondered what the best apr is that people have achieved in the last few weeks.
Appreciate any constructive contributions ??
What other people have achieved APR wise is pretty irrelevant, as it is no indication that this is what you will be offered.Appreciate any constructive contributions ??
I was told so not sure it is 100% accurate that the lenders have say £10m to lend at 4.9%, then once that £10m is gone they only have 6.9% available until the next "discount" period.
Paragon and Clydesdale seem to be the most competitive most of the time, saying that rates appear to have gone up recently.
Might be worth chatting to your IFA as re-mortgage etc might be more cost effective.
mike74 said:
As ever in these cases my advice remains consistently that it might be best if you seek some form of therapy or counselling to try and overcome your feelings of failure and inadequacy that manifest themselves in you wanting to be seen driving around in a car you can't afford.
I don't get this train of thought. I'm in a similar position. Looking at a six figure car which i plan to finance most of. I've got the cash in the bank to buy it outright, with plenty of cushion left over and everything else in order. By financing it i think i pay something like 4-5k for the privilege. (Lease purchase with a large deposit).I won't notice the 4-5k at all (without trying to sound vulgar) and it means i don't have to touch my savings. I absolutely can afford the car 3x over in cash if i wanted to. But you're telling me because i'd rather use finance, that i actually can't afford it? Or are you just trolling?
mike74 said:
As ever in these cases my advice remains consistently that it might be best if you seek some form of therapy or counselling to try and overcome your feelings of failure and inadequacy that manifest themselves in you wanting to be seen driving around in a car you can't afford.
Bet you wouldn't say that to his face.grudas said:
love the "you can't afford it" comments! muppets.
if you can afford the repayment you can afford the car, simples.
This is exactly right. I’m amazed how often this seems to come up. By their rationale then people would only rent a property because they couldn’t afford to buy one. They never seem to realise that being able to afford the repayments means that you can afford whatever it is that you’re renting, leasing or financing in any other way.if you can afford the repayment you can afford the car, simples.
One might be tempted to conclude that the people who start frothing at the mouth because someone uses finance are those with such a poor credit history that the facility is not available to them...
FlyingPanda said:
This is exactly right. I’m amazed how often this seems to come up. By their rationale then people would only rent a property because they couldn’t afford to buy one. They never seem to realise that being able to afford the repayments means that you can afford whatever it is that you’re renting, leasing or financing in any other way.
One might be tempted to conclude that the people who start frothing at the mouth because someone uses finance are those with such a poor credit history that the facility is not available to them...
yup, and that the commodities bought by people with finance agreements actually make those same mouth froth'ers have "feelings of failure and inadequacy" - hence why they troll the same posts over and over again trying to make themselves feel better.One might be tempted to conclude that the people who start frothing at the mouth because someone uses finance are those with such a poor credit history that the facility is not available to them...
The default rate for pcp with the likes of oracle and magnitude finance seems to be 6.9% or it was before Covid. However as already mentioned it’s tailored to the individual so I believe certain circumstances especially for high net earners better rates may be available. Have a look at Clydesdale as well, quite a few on here seem to recommend them for a lease purchase with balloon type agreement, rates have been around 4.3% in the past but you would really need to phone round the various lenders for the most up to date rates.
The idiocy of sad, inadequate debt junkies really knows no bounds does it... to compare having a mortgage with getting a supercar on finance, hilarious.
Good to see the old chestnut about ''I've got more than enough money to buy it but I'm choosing to finance it anyway because finance is so cheap'' is still going strong.
Good to see the old chestnut about ''I've got more than enough money to buy it but I'm choosing to finance it anyway because finance is so cheap'' is still going strong.
mike74 said:
Good to see the old chestnut about ''I've got more than enough money to buy it but I'm choosing to finance it anyway because finance is so cheap'' is still going strong.
So, Mike, if you had say, £350k, giving you returns averaging, say, 6.7% this year, (and over 9% last year) would you pull the cash out of those investments to buy your car rather than borrow at say 3% apr? Asking for a friend...mike74 said:
The idiocy of sad, inadequate debt junkies really knows no bounds does it... to compare having a mortgage with getting a supercar on finance, hilarious.
Good to see the old chestnut about ''I've got more than enough money to buy it but I'm choosing to finance it anyway because finance is so cheap'' is still going strong.
You missed the bit where the op asked for constructive comments. And before you ask, I own my cars outright.Good to see the old chestnut about ''I've got more than enough money to buy it but I'm choosing to finance it anyway because finance is so cheap'' is still going strong.
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