Vanquish finance

[LiamV12V]

I’m half interested in an early 6 speed Vanquish from a main dealer - the grey one in Edinburgh at £100k.

On a 24m PCP, the balloon is set at £80k, so 80% of the price. I don’t have a crystal ball but IMO I think the 6 speed Vanquishes have some altitude to lose yet before levelling off. Therefore again IMO, after depreciation and the dealer’s margin, I wouldn’t see much if any of my deposit back after 2 years.

Then you look at a ~£80k V12V, a car which hopefully has just about fully bottomed out, and the balloon on one of those is set at about 60% after 2 years. Theoretically you might get a large proportion of your deposit back.

What’s going on here with these strategies? Why are they pushing used Vanquishes with these deals which to the short-sighted are extremely tempting indeed? A quick look at HowManyLeft shows roughly equal numbers of each model produced.

I’m most likely missing something extremely obvious here, car finance has always been a mystery to me.

[LiamV12V]

raceboy said:

It's quite scary playing with the finance calculator sliders.....£10k down, £1k a month....

https://www.levencarcompany.co.uk/astonmartin/2014...

Yes, finance calculators are lethal!

There’s a very similar example quote in the slideshow for the car to the one i’ve been quoted.

Essentially, £17k deposit, 23 x £600, £80k balloon.

Edited by LiamV12V on Monday 21st January 16:36

[LiamV12V]

I’m sorely tempted.

[LiamV12V]

Big Ry said:

@Liam - Is this to replace the V12V or an addition to the stable ?

It would replace it but I think that car is now gone, it’s not on their site this morning. They’ve got an 8 speed Carbon White in stock too which is equally tempting if a bit more expensive.

I love the V12V but all the little niggles are a pain in the arse! Living 300 miles from a dealer doesn’t help, but first world problems etc etc...