Thought I'd be a little bit nosey and ask a general question as to what financial 'tactics' fellow Forum Members are using to buy their cars? ......
Obviously some people will be buying outright while others might be getting their Roc as a Company car but there are all sorts of deals in between ..
When I eventually get mine, I'll be paying a £5750 deposit and then £258 per month for 48 months (PCP finance) there will be a 'Balloon' charge at the end of approx £9500. Now, I've got no intention of making that Balloon payment, my plan has been to use the Guaranteed value 'excess' I get back at the end of the term as part of my next deposit on my next car. .......
However, I have now become aware of the 'Contract Hire' side of VW Finance Group - for a First Payment of approx £750 and 36!! monthly payments of £249, I can get the same car!! .. I don't really need to own the car (and want to avoid the Balloon Payment) and doing it this way would suggest I get a new car every 3 years and will eventually not renew (hopefully a good few years in the future) and me and the missus will go down to one car.
Anyone see any snags to doing it this way .... or any better ideas out there (short of stealing one :lol: )
Cheers Guys
Obviously some people will be buying outright while others might be getting their Roc as a Company car but there are all sorts of deals in between ..
When I eventually get mine, I'll be paying a £5750 deposit and then £258 per month for 48 months (PCP finance) there will be a 'Balloon' charge at the end of approx £9500. Now, I've got no intention of making that Balloon payment, my plan has been to use the Guaranteed value 'excess' I get back at the end of the term as part of my next deposit on my next car. .......
However, I have now become aware of the 'Contract Hire' side of VW Finance Group - for a First Payment of approx £750 and 36!! monthly payments of £249, I can get the same car!! .. I don't really need to own the car (and want to avoid the Balloon Payment) and doing it this way would suggest I get a new car every 3 years and will eventually not renew (hopefully a good few years in the future) and me and the missus will go down to one car.
Anyone see any snags to doing it this way .... or any better ideas out there (short of stealing one :lol: )
Cheers Guys