Quote:
Originally Posted by NFS
At £775 a month that's 4.88% APR
At £985 a month it would have been 15.54% APR
It almost looks like a 'bait and switch' job, but the final interest is very low!
So long as you are happy to pay £30,400 for the use of the car for the next 3 years (£775 x 36 + £2500) or £844 a month, then it's fine.
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£200 a week for a new car - depreciation anybody? There are always fools like me who buy new cars so that sensible people can pick them up later for cheap! Nothing like the smell of new leather though.
Back on thread - Glad I brought this up - just been onto the dealers,
"err yes sir it was a starting rate of 6.6% PA" , i.e. a flat rate.
So not APR as they infered. But the end rate is low, pretty good in the end. I had forgotten I'd deleted some options, so my quoted discount list price was wrong, its actually £37569 (still 12.7% off). So the APR will be more than 4.88%.
Anyone? - £37569 price / 2.5k deposit / £775pm / 3yrs / GMVF £12,177 - around 8% apr I reckon
The vehicle saving I got is a tangible figure, and the finance is very competitive at, but not cheap. Most online PCPs are around 10% APR at the mo.
Roll on March -
Oh spec:
335i M Sport touring 09MY
Titanium Silver
Red / Brown Dakota leather
Media pack pro
Visibility pack
Model num deletion
Comfort access
Windscreen with shade band
Rear side sunblinds
Extended luggage pack
Ext mirrors folding and auto dimming
Leccy front seats with memory
Ski bag
Lumbar supports
Sliding front armrest
PDC front and rear
Rear head restraints folding
Hi Fi speaker system
USB interface
Sun Protection glass