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Author Topic: Cost of Change  (Read 9495 times)

Offline Strat

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Cost of Change
« on: April 03, 2010, 01:24:13 pm »

I'm tempted by a Rocco R but i dont really want to get too involved with a dealer if it all turns out too expensive so thought id gauge the cost of change from the wealth of experience here before making any serious enquiries!

From people's experience, can anyone tell me the sort of monthly payments £10,000 on finance would work out at? Iv never used the finance option (largely coz iv only ever bought one car!) so any experience with this would be helpful!

Thanks!  :happy2:
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Offline winrya

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Re: Cost of Change
« Reply #1 on: April 03, 2010, 01:44:11 pm »
Take a look at http://www.moneysupermarket.com/loans/ it will tell you all you need and you can adjust how long, how much etc

Offline B3n

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Re: Cost of Change
« Reply #2 on: April 03, 2010, 01:47:25 pm »
What term you looking at?


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Offline stealthwolf

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Re: Cost of Change
« Reply #3 on: April 03, 2010, 01:59:44 pm »
Depends on how what period of time and what monthly repayments you want. A bank loan wouldalmost always work out cheaper than car finance.

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Offline Rhys

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Re: Cost of Change
« Reply #4 on: April 03, 2010, 02:51:33 pm »
10k loan over 5 years is about £200.

Offline Poverty

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Re: Cost of Change
« Reply #5 on: April 03, 2010, 02:57:44 pm »

Offline Poverty

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Re: Cost of Change
« Reply #6 on: April 03, 2010, 02:59:00 pm »
10k loan over 5 years is about £200.

yep and over 36 months at 6% apr  is 303 pounds.

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Re: Cost of Change
« Reply #7 on: April 03, 2010, 03:11:45 pm »

I'm tempted by a Rocco R but i dont really want to get too involved with a dealer if it all turns out too expensive so thought id gauge the cost of change from the wealth of experience here before making any serious enquiries!

From people's experience, can anyone tell me the sort of monthly payments £10,000 on finance would work out at? Iv never used the finance option (largely coz iv only ever bought one car!) so any experience with this would be helpful!

Thanks!  :happy2:
About £250 for 5 years approx, depending on APR

Offline DanoGTI

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Re: Cost of Change
« Reply #8 on: April 03, 2010, 03:38:34 pm »
IF , of course, you can get finance!!

Good luck either way

Dan


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Offline tony_danza

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Re: Cost of Change
« Reply #9 on: April 03, 2010, 03:59:43 pm »
Don't be drawn in by headline offers of 6% and the like, most people are going to get double figures when it actually comes to the offer once accepted.

Might be worth looking at a PCP? Beat them down for the lowest possible deposit/APR and bank the money in your current car.
Sideways yo!

Offline Strat

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Re: Cost of Change
« Reply #10 on: April 03, 2010, 04:16:16 pm »
cheers people! gives me an idea of what i need to work with!
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Offline B3n

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Re: Cost of Change
« Reply #11 on: April 03, 2010, 04:27:05 pm »
Check this at your dealer but i think VW have a 7.9% offer on PCP for the rocco at the mo.


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Offline Frodo-anni

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Re: Cost of Change
« Reply #12 on: April 03, 2010, 04:38:01 pm »
personal loan rates best ive seen is alliance & leicester at 8.9%, but then it all depends and can vary when you make an application
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Offline candy turbo

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Re: Cost of Change
« Reply #13 on: April 03, 2010, 04:39:10 pm »
i aways try to buy my cars out right but if i did nt finance can cost less than bank loans nowadays , pcp s are ok but you cant do nothing to the car mods wise cause basically you are only hiring it , remember too that in the first 5years the value of the car will lose the £ 10 k you lend so monthly payment is cost to own car     just my opinion of corse

Offline Aparoon

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Re: Cost of Change
« Reply #14 on: April 03, 2010, 04:47:00 pm »
I looked into a pcp when I got my car, they wanted 16k, I looked at 3k deposit which initially meant 305quid a month over 3yr, didn't want to pay that and they got it down to 258 a month with no increase in deposit or term lenght! Bought it outright in the end...   :happy2:
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