Offered residuals on the 996TT
Offered residuals on the 996TT
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Discussion

Burba

Original Poster:

1,870 posts

288 months

Friday 22nd June 2007
quotequote all
Looking at either 996TT or 360 and will be put through financing.

Understanding in a way they are differing cars, with differing abilities, I wondered what the best residual balloon anyone has been offered lately?

p.s Hoping the mid £40k's budget could potentially get me into one!!

kayc

4,492 posts

252 months

Friday 22nd June 2007
quotequote all
Burba said:
Looking at either 996TT or 360 and will be put through financing.

Understanding in a way they are differing cars, with differing abilities, I wondered what the best residual balloon anyone has been offered lately?

p.s Hoping the mid £40k's budget could potentially get me into one!!
Why not pay cash and forget the balloon?Alternatively stick it on your mortgage and pray for the asset bubble to continue to bail you outpaperbag

Edited by kayc on Friday 22 June 15:11

kennyboy

641 posts

270 months

Friday 22nd June 2007
quotequote all
mid 40's will definately get you in to a 996tt - but a 360!?

Burba

Original Poster:

1,870 posts

288 months

Friday 22nd June 2007
quotequote all
yup, surprisingly so - trade offers are now in the mid 40's for them and i'd be searching far and wide, but could get my hands on one i'm assured.

Wetwipe

3,019 posts

244 months

Friday 22nd June 2007
quotequote all
there are a number of 360's around in the 40/45 price braket but finding a good un is bloody tough

most are high (by fezzer standards) mileage and they show it in no greater area than in the quality and conditon of the interior/cabin

tt's on the other hand cope with mileage and life alot easier

as for residuals, the baloon you are offered will much depend upon the period of time you require the finance for. but as is always the case, if your credit record is good and you are not asking for anything out of the ordinary, then there are a number of companies out there ready to take your business.

Paracetamol

4,267 posts

275 months

Friday 22nd June 2007
quotequote all
Burba said:
yup, surprisingly so - trade offers are now in the mid 40's for them and i'd be searching far and wide, but could get my hands on one i'm assured.
cheap ferrari no good....good ferrari no cheap....

the reason for the bid/offer spread on a 360 is that the dealer has an expectation to spend money on a clutch, brakes, cambelts, service etc. The bill for an 18,750 service and brakes and balljoints on my car was £3k. If you added belts and a clutch youd be up to £6k. Add any cosmetics and a profit and you need a £12k spread. This puts an early non red car that needs a bit of tlc at £45k but once bought you need to spend money on all this stuff. Do what I did and find a car that has all this done by the previous owner

haybaby212

104 posts

256 months

Friday 22nd June 2007
quotequote all
i got finance figures on a 996 tt the other week.

on a 2001 car with 39k miles and at a price of £42k with a 10% deposit they gave a risdual of £22k over 4 years and repayments of £535 a month

Burba

Original Poster:

1,870 posts

288 months

Friday 22nd June 2007
quotequote all
thanks guys for all your help - paracetamol, thanks for posting on both threads.

at the moment, the TT looks the better option due to the price range actually satisfying the current perceived 'market' value.

I think i may try and have a look round some this weekend if possible...

Burba

Original Poster:

1,870 posts

288 months

Friday 22nd June 2007
quotequote all
haybaby212 said:
i got finance figures on a 996 tt the other week.

on a 2001 car with 39k miles and at a price of £42k with a 10% deposit they gave a risdual of £22k over 4 years and repayments of £535 a month
thanks hay, i'll bear those numbers in mind - well aged/mileaged car - did you end up going for it? if not, why?

anonymous-user

85 months

Friday 22nd June 2007
quotequote all
am i right in thinking
you pay 4200
you borrow 37800
you pay 535 x48
and at the end you still owe 22000

???

whats that, 8%? blimey

ukwill

10,278 posts

238 months

Friday 22nd June 2007
quotequote all

50k car
17.5k dep
440pcm x 48
21k balloon