jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
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So was looking at some finance for a new car, spotted this
Someone said that the car would end up being £18k at the end if you paid the optional final payment. Is that right, i dont think it is but maths was never my strong point!
Vehicle Age 11/11 Plate
Current Mileage 15,000
On the Road Price £11,999
Dealer Deposit Contribution £500
Monthly Payment* £145
Customer Deposit £2,499
Amount of Credit £9,000
Optional final Payment (incl. £295 fee) £4,525
Total Amount Payable by Customer £13,839
Duration of Contract 48 months
Rate of Interest (Fixed) 7.95%
Representative APR 8.9% APR
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Kyle T
Premium Member
Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
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I worked it out as £14484 over the term, including the final payment.
You could get a bank loan for cheaper though, so worth checking out.
Lotus Elise 111R
Impreza WRX STi
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XE Col
Premium Member
Registered: 23rd May 10
Location: Rochdale, AKA:Boissy07
User status: Offline
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As above but you would pay £13,984 as the dealer contributes the £500
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XE Col
Premium Member
Registered: 23rd May 10
Location: Rochdale, AKA:Boissy07
User status: Offline
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 it's in the text above, under the bit total amount payable by the customer.
Unsure why it's slightly different
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jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
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Yeah i saw it in there, just was told by a friend that the final value gets added on!
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