Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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quote:
Originally posted by John
I'd buy it if they could explain what the finance was and showed me it was paid off.
What if the money from the sale was required to clear the finance? Like I said earlier, ball ache.
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John
Member
Registered: 30th Jun 03
User status: Offline
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It's not the best situation.
It's definitely not always worse than the bank though.
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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Just to add to the loan vs finance debate. I mulled over HP for my next car, but have decided on a loan for numerous reasons:
1. Not tied to the car
2. No deposit, or larger month 1 and final month payment
3. Flexibility with where you can source the car (private, multiple dealers etc)
4. If you get into financial difficulty, you have more time/options before you lose out on any money you have in the car
Obviously there are a couple of down points, namely dealers not liking cash deals (as they make less money), losing out on 0% deals.
This is all talking about buying 2nd hand/nearly new btw, buying new is different.
I would go for the 320d, infact that is what I am going for (in M Sport trim) as soon as I've got confidence in my job!
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Sly_SRi
Premium Member
Registered: 9th Apr 04
Location: Reading, UK Drives: Corsa C
User status: Offline
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Tbh if you've only got 2.5k spare to spend on the car, you shouldnt really be buying a car 4x the amount you actually have to spend...
You can get a cracking car for a lot less! But anyway, this thread has gone way off topic. Would expect nothing less though from cs 
Corsa C Z20Let
Black Sleeper Turbo Project
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Matt L
Member
Registered: 17th Apr 06
User status: Offline
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only going of my leon (which i know isnt as economical as the audi) but same engine and i only get around 44-47mpg per tank, so its not exactly economic compared to others out there.
Take a look at the passat cc ecomotive same engine as my leon, plenty quick enough, loads of space and that easily manages 56-57mpg.
[Edited on 13-06-2012 by Matt L]
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Wrighty_1988
Member
Registered: 30th Jun 06
Location: South Yorkshire
User status: Offline
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With finance at the half way point of your agreement you have the right to just give the car back to them with no charge. So that helps if the car goes into negative equity and you dont want it anymore.
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