Options for financing a £100K car
Options for financing a £100K car
Author
Discussion

132

Original Poster:

478 posts

293 months

Monday 30th July 2007
quotequote all
Gents,

Now that the Murcielago is dipping below a £100K, I think it might be time to take a closer look. Whilst I have bought all of my previous cars outright, several business projects prevent me from buying a Murcielago for cash at the moment. Has anyone looked into the most cost effective way of financing the car itself i.e. excluding refinancing property etc?

Thanks in advance,
132


Edited by 132 on Monday 30th July 12:45

jonny5

3,526 posts

304 months

Monday 30th July 2007
quotequote all
Rob @ Classic and Sports finance are supposed to be good http://www.classicandsportsfinance.co.uk/

elms

1,954 posts

282 months

Monday 30th July 2007
quotequote all
I agree with the above. They've done a few Lambos for me over the last few months.

Call Rob on 0845 026 4242





traxx

3,143 posts

252 months

Monday 30th July 2007
quotequote all
just out of interest what is the best effective borrowing rate you can get on car finance?

future_lambo

101 posts

235 months

Monday 30th July 2007
quotequote all
132 said:
Gents,

Now that the Murcielago is dipping below a £100, I think it might be time to take a closer look. Whilst I have bought all of my previous cars for outright, several business projects prevent me from buying a Murcielago for cash at the moment. Has anyone looked into the most cost effective way of financing the car itself i.e. excluding refinancing property etc?

Thanks in advance,
132
Oracle finance quoted me cheapest from as many recommended people i could find on this site.

fieldl

1,320 posts

261 months

Monday 30th July 2007
quotequote all
Not a 100k but Rob at Classic and Sports got me a good deal on my new car thumbup

132

Original Poster:

478 posts

293 months

Monday 30th July 2007
quotequote all
Thanks guys. Before I waste anyones time, what is the typical sort of deal I can expect over 3-4 years?

fieldl

1,320 posts

261 months

Monday 30th July 2007
quotequote all
132 - I'll mail you some examples

Go Fast !

16 posts

232 months

Tuesday 31st July 2007
quotequote all
Try Select Asset finance they do interest only finance for the high newt worth you pay the capital back at the end not during so payments are very very low half that of regular finance 100k can cost about £800 per month if you qualify good luck

propaganda

407 posts

277 months

Tuesday 31st July 2007
quotequote all
Why would you do this on a depreciating asset? I can understand this for property not cars.

132

Original Poster:

478 posts

293 months

Wednesday 1st August 2007
quotequote all
propaganda said:
Why would you do this on a depreciating asset? I can understand this for property not cars.
Other than keeping repayments down, I am not sure I understand either??