Anyone got a Leon on Finance?

[Unlight]

Just curious to what sort of deals you have got.

Got about £3000 deposit for a new car, and want to keep the monthly payments around £200-250..

Think a TDI FR is at all possible??

 

[chrisboyle999]

hi mate.

i guess anything is possile. some people seem to have been picking up tdi fr's for around £16k, and you can get a loan for £13k over 5 years for 250 a month.
obviously if you take it over a longer period the montly payments are less but it costs more in the long run.
good luck.

 

[Lewis_FR]

Hey man, this is 1 possible option for those sorts of re-payments. Check out this link Here. Sainsburys finance promise to beat the WhatCar? buying guide and you can spread re-payments up to 48 Months. Have a fiddle with the payment calculator on the vehicle of your choice. As a guide - £3000 Deposit, 36 Month Period, 15,000 Per annum = £244 a month. Followed by a non-mandatory balloon payment of £5500-ish. Lots of info on there & Lots of cars to choose from.
Hope this helps.

 

[siwel]

Direct seat (www.directseat.co.uk/) are doing the FR for £15,995 at the moment, that's without any options, so subtracting your deposit of 3k you'd need a loan for the remaining 13k.

I had a check on www.moneysupermarket.com and they are showing a loan for 13k over 5 years at £251.79 per month (6.2%). Compared to the option above you'd pay £280.44 more over the first 3 years (£251.79 - £244 per month).

Plus then for the extra 2 years, 2 years worth of £251.79 a month so 6042.96 more than the option above pre non-mandatory balloon payment. I checked on the Sainsburys web site and I'm getting the non-mandatory balloon payment coming out at £7,379.

I presume if you don't pay the balloon payment you have to give the car back, if the final payment is £5500 then the option above is £542.96 cheaper, if the final payment is £7,379 then my option is £1366.04 cheaper. Sorry I couldn't find out how to get a final payment of £5500 when the monthly payments are £244 a month.

Hope this helps.

 

[ghosty]

hey siwel, your good with numbers right. i managed to read it all to the end but that went straight over my head! i wont even ask..

 

[DigiGuru]

I've ended up with an 06 plate Stylance TDI.

Paid £11.5k car, had £1,300 negative equity.

So for £12.8k, they gave me an interest rate of 7.9% APR!

Monthly payments ~ £257 (but this is over 5 years)

Pretty damn good I think.

Go in with your £3K up front, get bartering and you're off, especially if you can hold on another month and get a pre-registered right at the end of August

Might be an 07 plate, but it'll only have done 3 miles or so! lol

Stu

 

[Michael B]

I took finance of £15,000 towords my FR TDI

This over 3 years works out about £400 a month..

 

[Lewis_FR]

Ouch?

 

[neilandbob]

try autoebid ... its like ebay but for new motors you get some cracking deals on that

 

[Michael B]

Ouch?

Yeah I know, but I plan to change it in 3years so no point in finance being longer than that!

£100 a week sounds a lot, but my car is my passion, gives me so much pleasure

(plus im living at home - so no other money going out..)

 

[Lewis_FR]

Yeah I know, but I plan to change it in 3years so no point in finance being longer than that!

£100 a week sounds a lot, but my car is my passion, gives me so much pleasure

(plus im living at home - so no other money going out..)

Same Mate. Very much agreed

 

[toNes]

When I bought my Seat Sport TDi a year ago, I couldn't get a decent APR off the dealers so got really fed up that they weren't going to offer 0% APR (like some other manufacturers when buying new cars) so told them to politely fcuk off and went and got a personal loan out.

I took out a loan for about £11k, paying it back at roughly £300 a month over 3 years.... think the APR is like 5.9% or something.

Two loan companies I recommend are Cahoot and Northern Rock..... they're usually the lowest APRs on the market!




On another note - does anyone else feel that VWFS aren't exactly the most helpful of finance services?!? They tend to want to extract the most amount of money from you!

 

[AL2007]

On another note - does anyone else feel that VWFS aren't exactly the most helpful of finance services?!? They tend to want to extract the most amount of money from you!

I told the dealer I wanted 0% finance or im getting an astra, the max they could do was £4000, rather have 4K in my bank then in seats.

I found VWFS so easy to deal with. Had finance on my last 2 cars and the finance companies interrogated me, wanted to know everything from the toothpaste I use to my shoe size.

The dealer said VWFS would give me a call the same day, ask a few questions and give me a decision then and there and thats exactly what they did, I couldnt even remember my exact work address.

Unless you have anything adverse like your occupations a drugdealer or your still at primary school you should have no problems

 

[Michael B]

Seat tried to rip me off with the finance btw.. My local bank was pretty good (Northern Bank) finance was 4.5%

 

[toNes]

I told the dealer I wanted 0% finance or im getting an astra, the max they could do was £4000, rather have 4K in my bank then in seats.

I found VWFS so easy to deal with. Had finance on my last 2 cars and the finance companies interrogated me, wanted to know everything from the toothpaste I use to my shoe size.

The dealer said VWFS would give me a call the same day, ask a few questions and give me a decision then and there and thats exactly what they did, I couldnt even remember my exact work address.

Unless you have anything adverse like your occupations a drugdealer or your still at primary school you should have no problems

Oh, VWFS are efficient..... I'm just saying they're not that competitive!

Far cheaper to take out a personal loan.......!



I'm just waiting till my loan finishes end of next year before i consider whether or not to trade my FR in for a newer model..... hehehehe......