If you won lottery would you buy car outright or finance?

I have a client who sold his pharmacy for £2m. This was a few years ago and he still drives the same car he had when I met him, an 2003 Fiesta. :)

Probably not that relevant to the thread but it always makes me smile that with that sort of cash I'd be out the door buying cars and this guy, who isn't really that old, just doesn't see cars in the same way and just doesn't see the point spending a fortune on cars.
 
Wouldn't that all depend on the deal?

If it's 0% then i'd rather keep the money in my bank and gain interest, the car works out cheaper this way.

How many exotic car dealers offer 0% finance?

Most 0% deals are on things like base spec Vauxhalls, not Ferrari's, and if you're a cash buyer you can usually save the money by bargaining for a discount rather than paying the full RRP through a 0% "deal".
 
Probably not that relevant to the thread but it always makes me smile that with that sort of cash I'd be out the door buying cars and this guy, who isn't really that old, just doesn't see cars in the same way and just doesn't see the point spending a fortune on cars.

I have a few good friends who only see car's as getting from A to B.
One friends father bought (in 1998 I think) a brand new 575 M. When I went round he told me he'd had it for a few weeks and I said "why didnt you tell me sooner!" and his reply was "its only a car". Despite this he's still my friend :p
 
A quick search on Google reveals that Ferrari and Lamborghini have also done similar offers in the very recent past, it's still 0%, you can't seriously think any dealer is going to let you drive away in a supercar without a deposit..

On a side note you don't stay rich by pretending that you can squander money like it doesn't matter.
 
I'd wear the scruffiest clothes I could, grow a shaggy beard, then walk into some posh car dealership and ask to see their most expensive models, maybe even a test drive.

Then I'd smugly walk out when they told me to do one, and I show my titanium credit card to them.

To be fair this happend a long while back. some guy won the lottery in Bracknell, went to the BMW dealer in Reading, got the brush off by a sales guy, left, went to the dealer in Ascot, and spoke to my mates dad who gladly sold him a 3 series for his wife, and a 5 series for him, for cash. Apparenlty the phone call to the Reading office afterwards was "interesting" :)
 
A quick search on Google reveals that Ferrari and Lamborghini have also done similar offers in the very recent past, it's still 0%, you can't seriously think any dealer is going to let you drive away in a supercar without a deposit..

On a side note you don't stay rich by pretending that you can squander money like it doesn't matter.

I could walk into Porsche Reading this afternoon and buy a 997.2 Turbo PDK brand new with no deposit and pay £1200 a month on a PCP.

Back to the Aston, you're still paying very close to list price with a big deposit and the 0% is on less than 10k. Providing you plan to pay the final contribution then you will make a few grand in your bank from keeping the £43k in the bank, but why would you do this when you can make a bigger saving paying cash/buying pre reg/buying nearly new and give the savings to charity or reinvest.
If you have the cash to spend its not worth it and its blindingly obvious.
 
Id go in there with a suitcase of cash and barter to see what kinda percentage i could get off for paying with cash.. But yeah, id never finance it if i could afford it outright.
Unsure why people wouldnt go out and get their dream car straight away for fear of killing themselves, after all they do only go as fast as you press that right pedal down.. I think id have to have multiple cars though, a rally car, a super car, a hot hatch etc.
 
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if i won the lottery.

i would call nissan, tell them to have my GTR ready for lunchtime.

use it to drive to lamborghini and buy my aventador.

then drive it back to my bat cave, where i would prowl pistonheads for other exciting things to buy.

yep.

You realise that one cannot just drive to Lamborghini and pickup an Aventador? ;)

I would fly down south, pickup the GT3 RS 4.0 from Lovitt in Swindon, then drive to DK Engineering and buy an F40, leave and drive until I needed stop and sleep!
 
I would probably just buy a nearly new M5 or RS6 to start with. Just look on their websites, find one I like and go buy it outright.
 
I would probably just buy a nearly new M5 or RS6 to start with. Just look on their websites, find one I like and go buy it outright.

Exactly, I couldn't be botherted to wait for the build time whereas there are loads of box-fresh M5's on the AUC site ready to drive away same day.
 
[TW]Fox;22890172 said:
Exactly, I couldn't be botherted to wait for the build time whereas there are loads of box-fresh M5's on the AUC site ready to drive away same day.

Even if you had millions you'd have to be insane to buy something like a brand new BMW/Audi when theres so many great used examples around. I think buying new would only apply if the model was brand new and there were no used examples about, or you were buying an MP4 12C or 458 where the used values are hardly different to the new values.
 
Depends I guess. If I won enough and received a higher interest rate on the money that that of the finance I might finance it. Otherwise, no point.

ie, 0% finance :D
 
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