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  #1 (permalink)  
Old 05-10-2006, 11:05 AM
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My Finance quote from OPC..



<u>Hire Purchase with no balloon over 4 yrs.</u>


Total cost of Car : &pound; 52000


Deposit : 5000 (including booking)


Total for finance : 47000


48 * 1098.63 : 52734.24


APR : 6 %


Total cost of credit : 5734.24 over 4 yrs.


This is the best quoteI have received so far...What do you guys think...? Do any other financial institutions offer better? Or shld I grab it?


Any advice would be greatly appreciated.
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Old 05-10-2006, 01:25 PM
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You can buy it outright for better than that???[img]/fckeditor/editor/images/smiley/MWPX/confused_smile.gif[/img]
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Old 05-10-2006, 01:27 PM
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Quote:


<u>Hire Purchase with no balloon over 4 yrs.</u>


Total cost of Car : &pound; 52000


Deposit : 5000 (including booking)


Total for finance : 47000


48 * 1098.63 : 52734.24


APR : 6 %


Total cost of credit : 5734.24 over 4 yrs.


This is the best quoteI have received so far...What do you guys think...? Do any other financial institutions offer better? Or shld I grab it?


Any advice would be greatly appreciated.





Sorry, I just realized you are in the UK. Ignore my statement above. I have no idea if that is good or not.
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Old 05-10-2006, 01:48 PM
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grab it i dont think you will get a better rate from porsche .the cheapest i have seen advertised is alliance+leicester or lombard direct 5.7%so wont make a big difference i guess someone on this forum will be able to advise you on what the flat rate is but its quite cheap money .the only way to get it for less is to lend againt your house value mortgage rates are a lot less but not sure if this the best way only cheaper monthly payments ,you will pay a lot more in the long run though.good luck you wont even think about the money when its on your drive.
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Old 05-10-2006, 02:20 PM
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Thanx Raysman...I figured so too...The APR seems to be lower than even some unsecured personal loans out there..Was wondering if I shld haggle a bit more to get it further down...But I guess one shouldn't be too greedy...Hehee..Hope tht the OPC chaps are not listening in to this..
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Old 05-10-2006, 02:39 PM
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When do you get your car? Rates went up recently in the US and I tried to lock down one since my car doesn't arrive until early August. They couldn't. Right now it seems I'm at the mercy of what the rates will be in August. Did you lock it in advance? If so, how? Thanks. -sd
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Old 05-10-2006, 02:56 PM
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greed is good doc try and get a discount on the car every little helps
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Old 05-10-2006, 04:41 PM
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Hi SJD,


Had booked mine abt 5 days ago...The sales chap has given me a 99% probability of it being an early July build...Delivery being end-July (if the heavens are merciful)) , or early August..


Have been haggling with diff Finance companies since the last week...Told OPC to beat the best offer...and they did...About locking down the prices, I am not too sure...The price of the car on the Porsche U.K. website and the dealers quote pretty much match up.


Ant the price has been the same since the last month...Dunno abt any recent price hike out here in the U.K.


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Old 05-10-2006, 04:45 PM
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And guys...How long does it take after you order the car, for an officialbuild date to begiven...?


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Old 05-10-2006, 05:21 PM
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I'm in the U.S. My car arrives in two weeks so I just secured a fixed rate loan for 5.95%. For the guy getting a loan in August; my guess is that rates will go down next month. You'll 'probably' be better off than me. They've been going up for too long. The 'new' Alan Greenspan has hinted that rates will drop soon.

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