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Newb when it comes to financing. Want to buy car, Confused by qoute

2»

Comments

  • Herzlos
    Herzlos Posts: 16,070 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Rapptor wrote: »
    £470 a month over 49 months and then the option to pay 7000 at the end as that's how much the car will still be worth that comes in at over 30000.

    Will you be able to maintain a £470/month payment over the next 4 years, whilst keeping the same car? That's more than my mortgage.

    You can get a 4 year old VXR (10/59 plate) for half of that. Which will save you about £3k in interest alone, and more on depreciation etc whilst leaving you with a more affordable repayment.
  • 19lottie82
    19lottie82 Posts: 6,032 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    paying over £30k for an astra................* falls off seat in hysterics* That's freaking ridiculous! :rotfl:

    if, in the innocence of youth, you have your heart set on this car heed Herloz's advice and buy one at 3-4 years old for half the price, save yourself money and avoid the depreciation hit.

    As dealer wins has advised, you may as well throw a load of cold hard cash on to a bonfire!
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