Best Finance Rates

[Beanie]

I'm looking at getting into a 22 or 23 plate 911, what finance providers are giving the best rates, Oracle are advertising 8.9% which seems high, Porsche are about 11.5% which is bonkers!

Any recommendations?

[Jon_Brown91]

8.9% would seem a decent rate at the moment for PCP and hire purchase. You can always get a cheaper rate from a bank personal loan but the limit on how much you can borrrow would be much lower. Oracle usually offer pretty good rates

[maxtennis]

Agreed, Oracle normally near the top when hunting around normally. I’m with them currently and managed to Neg a Base rate alignment , so when BOE do drop the rates ,my rate drops with them. Think I am now at 8.8%

[Jon_Brown91]

8.9% would seem a decent rate at the moment for PCP and hire purchase. You can always get a cheaper rate from a bank personal loan but the limit on how much you can borrrow would be much lower. Oracle usually offer pretty good rates

[Zio Di Roma]

I fondly remember the days when we could finance cars at ~4% APR. It all seems quite expensive now.

[Shanksy87]

Charles and Dean arranged a PCP for me at 8.9% back in July, rates don't seem to have materially improved since then

[alltalk]

It hurts both ways as if you decided to put the cash in the bank you can now easily get 4% (that's my standard HSBC savings rate up to £50k). Makes costs of cars when you genuinely include the cost of finance eye watering. So if I finance a £90k car I "lose" £300 a month (gross) in interest PLUS depreciation.

[Discombobulate]

alltalk said:

It hurts both ways as if you decided to put the cash in the bank you can now easily get 4% (that's my standard HSBC savings rate up to £50k). Makes costs of cars when you genuinely include the cost of finance eye watering. So if I finance a £90k car I "lose" £300 a month (gross) in interest PLUS depreciation.

Are you not double counting?
Surely if you finance the car you can deposit the cash to get your 4%? And if you don't have the cash, and finance the purchase, then you can't lose interest on money that doesn't exist. Or am I missing something?

[pancholi]

Discombobulate said:

Are you not double counting?
Surely if you finance the car you can deposit the cash to get your 4%? And if you don't have the cash, and finance the purchase, then you can't lose interest on money that doesn't exist. Or am I missing something?

to note that interest earned is usually taxed.
and inflation in real life is running at 3+%.
yes money in bank for rainy days but anything above that is losing its value..

[Youforreal.]

Discombobulate said:

alltalk said:

It hurts both ways as if you decided to put the cash in the bank you can now easily get 4% (that's my standard HSBC savings rate up to £50k). Makes costs of cars when you genuinely include the cost of finance eye watering. So if I finance a £90k car I "lose" £300 a month (gross) in interest PLUS depreciation.

Are you not double counting?
Surely if you finance the car you can deposit the cash to get your 4%? And if you don't have the cash, and finance the purchase, then you can't lose interest on money that doesn't exist. Or am I missing something?

Was thinking the same reading that.

[alltalk]

I guess so but was wondering if you pay on pcp you still have monthlies and if these were invested at 5% the total cost is higher, especially over 4 years.

[alltalk]

pancholi said:

to note that interest earned is usually taxed.
and inflation in real life is running at 3+%.
yes money in bank for rainy days but anything above that is losing its value..

Yes but not losing as much as my investments/pension over last few trump weeks

[MC99]

Beanie said:

I'm looking at getting into a 22 or 23 plate 911, what finance providers are giving the best rates, Oracle are advertising 8.9% which seems high, Porsche are about 11.5% which is bonkers!

Any recommendations?

Darren Gibson, he'll broke the deal amongst the lenders - dg18son.com

[xxxx5]

I wouldn't recommend Darren Gibson. Tired several times to make contact and get some proposals from him for brand new 911. Just wasn't interested.

[Nomal]

xxxx5 said:

I wouldn't recommend Darren Gibson. Tired several times to make contact and get some proposals from him for brand new 911. Just wasn't interested.

Yes I had the same issue, lots of hype but not much action!!

[xxxx5]

In fact I did start to wonder if it was a bit of a scam. When I said lets me for a coffee to discuss at Goodwood FoS last year he went very quiet.

[Zio Di Roma]

xxxx5 said:

In fact I did start to wonder if it was a bit of a scam. When I said lets me for a coffee to discuss at Goodwood FoS last year he went very quiet.

Neither the web address nor site are positive.

[PGNSagaris]

Yep. Had similar issue with him a good few years ago when looking to finance a Countach. Total bullst artist but maybe that was just me

[Gnevans]

Forza finance 7.9%

[Baked_bean]

Charles & Dean Finance can offer competitive pricing.