Something went wrong, ordered a Mustang, yet ended up in a British hotrod, I blame OcUK!

Blackhawk47 said:
They can work on that and you’ll get better. Audi offering 3-4% recently on approved used cars.

PCP has been around ages...I find hard to believe so many on this forum have been under a rock for so long that they don’t know what it is.

Obviously the best way is to buy cash this way you pay no interest or borrow any money.

I think I’ve already said it but life is too short. Sure if I never financed any cars (the A1s, TTs over the last 8 years or so) then I would probably have enough cash to buy the M2 outright by now. But cars are a passion for me and not just a way to get from a to b, hence why I don’t mind paying a bit of money per month for the car I want.
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Best way is to buy on PCP for the incentives, and then settle with cash within 14 days :D
 
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Gibbo said:
It was all explained pages back myself.
I’ve also had some remortgage options too after that suggestion and there does seem a further saving but it’s certainly more involving that just taking out PCP but on the flip side I could borrow upto nearly 500k and spread it over 25yr not that I will as that would be stupid as interest amount is large on such a sum.

I need to sell my car, then find the car I want and then decide if I want to do PCP and pay around 5k interest on borrowing circa 70k or take an interest only remortgage for 5yr and pay circa 3k interest.

Need to sell my car and find a car first, then work out the numbers exactly.

It’s insightful as to just how many options there for buying a car new or used.

Of course nothing beats cash!
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You can't borrow more than your house is worth :p
 
200sols said:
Best way is to buy on PCP for the insentives, and then settle with cash within 14 days :D
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Yep done that before, but generally on a much lower purchase price.
Generally such incentives do not apply to 150k cars, the PCP is just a route into said cars for those who either don't have 150k to put into the car or would rather keep their cash aside working for them as it makes them more money to do so that way.
 
Remortgaging might be an option but I guess if life goes **** up then the risk of not keeping up with the mortgage payments and risk of losing the roof over your head simply isn't worth it?

I'd much rather go the PCP/finance route if this is the case.
 
Blackhawk47 said:
Remortgaging might be an option but I guess if life goes **** up then the risk of not keeping up with the mortgage payments and risk of losing the roof over your head simply isn't worth it?

I'd much rather go the PCP/finance route if this is the case.
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Just sell the car as you own it outright by re-mortgaging, then pay off mortgage.
 
Firestar_3x said:
You can't borrow more than your house is worth :p
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Was just using the online form which ask a few questions about value which I entered at 200k, salary, monthly outgoings etc, it then comes back with lenders and they offered 487k, did not try applying of course as nowhere near that is required.
So in this instance said providers do seem to be offering more than property is worth, makes no sense.

Not that it matters as if I go remortgage route I shall just be requesting no more than 100k.
 
a mortgage is secured against a house right. They aren’t going to lend huge amounts that, if the customer defaults on payment, they can’t het back. This is why LTV effects the interest rate and why you can get much lower rates against a stable asset vs a piece of metal.

With your situation they are likely to offer up to 5x salary like all mortgage providers. A quick look on that link suggests the apr isn’t as low as I’d expect though 3.3-4%

Anyway good luck I hope you get something epic.
 
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Been offered a rather tempting part ex:

911.1 Turbo S, 63 plate, 44k miles, car is how I'd spec one apart from awful rear wiper:

911turboS.JPG



I am a little tempted, he wants my car plus 10k his way.
 
Firestar_3x said:
How much is it advertised for?
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Its not advertised. This is from an advert I posted on PureGT where a lot of supercar owners hang out.
They are all 95k plus online, but all under 25k miles, this has 44k and advertised price does not mean trading hands price.

I am tempted, because Turbo S and would not mind ticking that box but I know it would be a short lived affair as its not my type of car, but if I could do it, then sell it for what it owes me, essentially 85k I'd be happy.

Pictures are from when he purchased car a year ago from OPC, so its still got a years OPC warranty included, wheels with winters and wheels with new PS4S.
 
Just find the 911 so dull in comparison. But I get that you’re very much about the finer points of driving as opposed to it just being a case of Lambo vs Porsche looks and engine.
 
Steedie said:
Just find the 911 so dull in comparison. But I get that you’re very much about the finer points of driving as opposed to it just being a case of Lambo vs Porsche looks and engine.
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Trust me guys a 911 Turbo S would not be a keeper, I've driven them and found them quite dull and boring, more capable than a GTR, but a GTR is more fun, that is saying something, the SVR is more fun than both.
It would be a short lived affair, like Golf R, just a Turbo S would not maybe lose me anything and might be easier to sell or get better trade in values been a more popular and more sold car.

Anyway it is early days, car has only been advertised 48hr and already two enquiries, no need to jump yet.
 
Gibbo said:
Lets make it clear guys, if I did this, the Turbo S would be advertised almost immediately. Its not a keeper, I want a fun exhilarating car, not a playstation. :D
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Why even bother? Surely it’s easier just to get the car you actually want?

Seems a lot of hassle for a car you’ve already said is dull
 
Steedie said:
Why even bother? Surely it’s easier just to get the car you actually want?

Seems a lot of hassle for a car you’ve already said is dull
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Because tick box, I'd still not mind owning one for a month or two and it could be easier to move on, its just a thought, I am not acting on it because the car was only advertised on Saturday, going to see what interest I get over next couple of weeks.
 
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