Car finance £50k+

[Sim75]

Anyone know anyone decent?
Manufacturer is quoting upwards of 10+% so seeing if there is an alternative.

Looking at at purchase between £55-65k

[cossy400]

We went with our bank when BMW Finance were being jokers with there rates.

[duff]

I’ve used Oracle and they were very good.

[Sim75]

duff said:

I’ve used Oracle and they were very good.

Asset finance?

[duff]

https://www.oraclefinance.co.uk/

[Goates]

Try your bank, I was able to get 6.9% a few weeks ago from Lloyds

[Mr_Megalomaniac]

Another one recommending to chat to the bank. They've always come in lowest for me thus far.

[Sarnie]

Goates said:

Try your bank, I was able to get 6.9% a few weeks ago from Lloyds

For how much though?

[Mark V GTD]

People mentioning their bank which is great for a straight loan. Does OP want a dedicated car product such as PCP? There are forum sponsors who may be able to help in that case. I think there are links on the front page.

[LittleBigPlanet]

I ultimately went with Santander (I don't bank with them FYI).

[Sim75]

Mark V GTD said:

People mentioning their bank which is great for a straight loan. Does OP want a dedicated car product such as PCP? There are forum sponsors who may be able to help in that case. I think there are links on the front page.

PCP works better tbh, never had a problem with them as I tend to chop in after 3 years.
But then rates have been FAR more paletable so my view might change once the I get the quotes.

[Edible Roadkill]

A bank won’t lend you 50k at a preferred rate from what I’ve seen around 25k is the limit of sensible rates.

[okgo]

Edible Roadkill said:

A bank won’t lend you 50k at a preferred rate from what I’ve seen around 25k is the limit of sensible rates.

isn't £25k the threshold for unsecured loans and always has been? And beyond that it requires collateral hence rate changes...

[Sarnie]

Edible Roadkill said:

A bank won’t lend you 50k at a preferred rate from what I’ve seen around 25k is the limit of sensible rates.

Exactly why I asked how much the person above borrowed from their bank. People stating they went to their bank probably were borrowing under £25k, which is not what the OP needs......

[T_S_M]

I’ve used Darren Gibson finance before on an M2 from a BMW main dealer. Very easy process and while BMW offered me 11.9%, he got 6.9%. This was a few years ago though so rates have likely changed. Still cheaper than BMW though.

This was on a PCP.

https://dg18son.com/

Edited by T_S_M on Tuesday 8th August 15:37