can any one offer any sound advise on finance please.I always pay cash when i change my car i normally accept some shit offer on the px and give the guy a cheque a week or so before the car is ready to be collected.
This time i thought i would attempt to sell my car private and negotiate hard for a outright cash purchase on the golf gti.I think i have done ok at around 9% on a car in stock exactly to my wifes spec.
Now i have the dealers financial services manager wanting me to use there finance he mentioned 3.4 % flat rate and has sent me a couple of examples by email in one it mentions 8% apr .sorry to be thick but that doesnt sound very good or is it ?
EXAMPLE 1 IS 36 times £295.53 plus £159 arrangment fee plus £99 final fee it seams there is £939 interest on a loan of £9700. so i guess a cost of £1200 for the £9700 finance .
I have quite a stash put away on fixed term of 6.4% in a bond is it better to pay cash or just let this guy sell me something
any advise would be good thanks
