Soldato
Whatever you get, please make it 'not blue'
Something went wrong, ordered a Mustang, yet ended up in a British hotrod, I blame OcUK!
I had a quote for this car based on a deal at 70k: https://www.pistonheads.com/classif...gallardo-v10-spyder-manual-white-2007/8646660
Something like, 15k down, 35 months at a few quid over 500 a month and a final balloon of 47 and a half.
Soldato
458. It has to be done.
@kindai do you have to pay the balloon payment or can you just give the car back?
@kindai do you have to pay the balloon payment or can you just give the car back?
Depends on lender, if I go interest free lender, options are:
- Pay the balloon, own the car
- Hand car back to dealer, they will buy back at trade or below and then give you difference back.
- Inform lender your not going to pay balloon a couple months before hand, advertise, sell car, pay balloon or get buyer to pay balloon
- Re-finance the balloon with lender
Are pretty much the options.
You can give the car back (expect to take a huge hit), sell the car privately and settle the balloon then extract your equity, or pay it.
Man of Honour
Still extremely tempted after these last 10 or so pages. I’d love to test drive a Huracan just to see if it’s even something I’d want as a daily. But I’d never have the balls to go along and request one as I’d feel they’d take one look at me and think I was a time waster 
Do you have to turn up with a bag of money so they know you’re serious?
Do you have to turn up with a bag of money so they know you’re serious?
Not sure if its an issue or not but searching for your numberplate on Google brings this thread up at number 4 on my PC. I know you had previously mentioned value of the car and what you feel it may sell for etc. So might be worth masking the plate in the photos maybe.
Soldato
I really didn't know you could do PCP type finance on a second hand car!
This all seems very odd. It makes no sense going down more expensive finance paths when you could just remortgage your property to cheaply release equity.
The only reason I can see that you wouldn’t do this is if you don’t actually own your property, or if your car is worth more than your house.
You’ve also mentioned ‘interest free’ finance- what is this?
The only reason I can see that you wouldn’t do this is if you don’t actually own your property, or if your car is worth more than your house.
You’ve also mentioned ‘interest free’ finance- what is this?
Caporegime
You can indeed, not just on supercars,BMW dealers for example quote PCP deals on its used models.
As an example...
https://usedcars.bmw.co.uk/vehicle/...quoteref=99a6090c-f1f1-45ad-a027-db68280faba6
That’s a 2013 car so not just on recent cars either.
Caporegime
Soldato
Yes quite!
I said they do PCP, not that it’s good value!
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.
Soldato
I buy second hand cheap powerful cars with pink notes so I can be respected on the streets.
Soldato
Steady on there, I'm well aware of its existence. I just didn't think it was available for used cars! Why? Because I've only bought 2 brand new cars from a dealership and everything else has been second hand cheap "daily" cars.
What it means for me is that I can consider a second hand car that I can use my new job's car allowance for, giving me more options for a better "daily".
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!
I'm not sure that's true. PCP can shield you from depreciation to some degree (i.e. if you've done massively more miles than you predicted, you can hand the car back with no worry of negative equity).
Ad looks great. I'd def include some interior pics, though