Calculating the best deal using vw solutions finance

numpty2009

Hi
I have a 59 reg Vw polo at the moment that I am quite happy with. This is on Hp at the moment at 159pm until Sept 2014' when it will be clear. I do like to trade in cars once they are out of warranty so was considering a trade in soonish.

As people usually are I was contacted by the dealer recently seeing if I wanted to upgrade to a new one for lower monthly payments. Normally I instantly say no to these calls however the idea of a brand new car for lower payments is always a good one.

Ive been offered a 1.2 5 dr match for £140pm, with £2000 deposit (the value in my current car) and £5400 balloon payment at end ( currently I am likely to trade it in at 3 years.) the car is priced at £11680 including £1000 dealer contribution. It also has 1year insurance. (worth £266 to me)

I'm curious at the moment however I don't want to venture to the dealership without knowing what my best deal could be. I've consulted orangebuyer thing and they have the car for £11403 (a 277 saving) and I think my car should be valued at £400 more than it has been. How do I recalculate what the monthly payments should be to reflect the £600 extra I think I could negotiate? Or can anyone tell me if this is a good deal already?

eschaton

Best idea is to keep the car you have. Then start saving until you have enough to buy your next car for cash.

Finance is only a good deal if 0% and funded by the manufacturer.

Flyboy152

numpty2009 wrote: »

Hi
I have a 59 reg Vw polo at the moment that I am quite happy with. This is on Hp at the moment at 159pm until Sept 2014' when it will be clear. I do like to trade in cars once they are out of warranty so was considering a trade in soonish.

As people usually are I was contacted by the dealer recently seeing if I wanted to upgrade to a new one for lower monthly payments. Normally I instantly say no to these calls however the idea of a brand new car for lower payments is always a good one.

Ive been offered a 1.2 5 dr match for £140pm, with £2000 deposit (the value in my current car) and £5400 balloon payment at end ( currently I am likely to trade it in at 3 years.) the car is priced at £11680 including £1000 dealer contribution. It also has 1year insurance. (worth £266 to me)

I'm curious at the moment however I don't want to venture to the dealership without knowing what my best deal could be. I've consulted orangebuyer thing and they have the car for £11403 (a 277 saving) and I think my car should be valued at £400 more than it has been. How do I recalculate what the monthly payments should be to reflect the £600 extra I think I could negotiate? Or can anyone tell me if this is a good deal already?

You haven't mentioned what the settlement figure of your current finance is, or is the two thousand pounds the balance?

It might help if you gave a complete breakdown of the figures. It is best to get the whole picture before being able to answer the question.

The current arrangement, the APR, the settlement figure and the actual price offered for your part exchange? It might be better to settle the finance yourself and sell privately.

The new arrangement; APR will be useful.