Underboss
- Joined
- 20 Oct 2002
- Posts
- 34,451
- Location
- Oxfordshire / Bucks
Best way to pay for an expensive car.
- Thread starter Syla5
- Start date
take it for a test drive and never return it = free
That is clearly one of the options I listed.
It does seem that the shift has come to pay outright or if an extra bit of security is wanted and a lower cost then leaving the money in a high interest account and getting as low a loan rate as possible is the other option.
Ty for this I have grabbed it and will not be in any kind of rush. Like I mentioned this is a bit of a whim, lets see if I can resist or do something silly.
Did you buy something yet?
Nah, far to boring and sensible in the end. Plus an over committed effort to run my current car in to the ground!
Caporegime
- Joined
- 22 Oct 2002
- Posts
- 28,782
- Location
- Boston, Lincolnshire
Even though my GR86 is not a premium car I put 17k down with a 16.5k unsecured personal loan. Not the best rates at the time due to everything being messed up but was 6.4% for a 5 year loan. Just paid off the rest of the balance last month.
For me it was a bit of a whim too and have never bought a car brand new.
In terms of residuals I have lost about 5k over 2 years which is fantastic for a brand new car or £208 a month to drive around in a GR86 that I own outright
.
For me it was a bit of a whim too and have never bought a car brand new.
In terms of residuals I have lost about 5k over 2 years which is fantastic for a brand new car or £208 a month to drive around in a GR86 that I own outright
.
This.
Soldato
- Joined
- 29 Jul 2004
- Posts
- 7,163
That is awesome thank you, looking for something myself at the moment.
Soldato
- Joined
- 18 Oct 2002
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- 16,068
- Location
- The land of milk & beans
This is how I pad for mine. PCP is lol% these days and Lease/HP has always been ridiculously expensive comparatively, aside from the odd VAG deal which used to pop up, but they've not happened in 5+ years.
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