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  • Newbie with a finance question???

    First off i will start with a hello to you lot.

    I'm Dave i'm 22 and currently deciding on ordering a Corsa VXR (sounds like a dating advert).

    Before i go ahead and order one which will be next payday i was just curious how much a month you guys are paying on finance using the choices option.


    I plan on keeping the car 3 years then handing it back but am just curious how much in total the car you have chosen is and your monthly payments, oh and what deposit.

    Hope it's not to personal but it would help a great deal as at the moment i'm car-less so i prefer to know it's within budget before catching buses to the Vauxhall garage.

    Also hope to hear and see some of you in the future.

    Regards,

    Dave

  • #2
    I'm paying cash outright for mine.....
    Auto Inparts.com
    exclusive automotive products
    www.autoinparts.com
    www.e-tech.uk.com

    GREEN COTTON FILTERS,
    ETECH, SPARCO, PRECISION ENGINEERED WHEEL ACCESSORIES, MUC-OFF

    Comment


    • #3
      £12,000 On Finance @ £282 A Month

      £4500.00 Cash
      £500.00 Deposit

      Total:
      £17k :?

      Comment


      • #4
        I've got the same problem, and the numbers you've got there Starkie would be fine for me, but it would mean I would have no money if I didnt work overtime (part-time job/student).

        Is the vauxhall finance the best option or would getting a loan from somewhere else save more money?

        I do believe that you shouldn't buy something unless you've got enough money.

        Guess I'll just have to work like a trooper this summer

        Comment


        • #5
          Originally posted by starkie
          £12,000 On Finance @ £282 A Month

          £4500.00 Cash
          £500.00 Deposit

          Total:
          £17k :?
          How many months?

          Comment


          • #6
            What i'm looking at as extras are.

            Black Sapphire Paint
            18" Alloys
            Electronic Climate Control

            Total £16635.00

            I'm going put the £500 deposit down and pay over 36 months and at the end hand the car back.

            Anyone who works for Vauxhall or anyone doing similar could you give me a rough idea of how much i'm looking a month.

            Cheers

            Comment


            • #7
              I dont want to rain on your parade but I think you will struggle, list price with your options is £16635, therefor your deposit is £1664, 10%, assume the vehicle retains 40% value for trade (a bit high I would think) so final value will be £6500 so you are financing app £8500 (again a very simplified example) which will be about 280-300pm. Plus you will have insurance probably £100pm.



              my VXR history: Arden Corsa, Astra Nurburgring, Corsa Arctic, Evoke VXR8, Black Corsa, Silver Vectra, a long weekend with an Insignia, a chilli burger and now a siggy tourer!

              Comment


              • #8
                I'm happy with around £300 a month as insurance will be paid up front etc...

                Comment


                • #9
                  Originally posted by BO55 VXR
                  Originally posted by starkie
                  £12,000 On Finance @ £282 A Month

                  £4500.00 Cash
                  £500.00 Deposit

                  Total:
                  £17k :?
                  How many months?
                  4 Years my friend..

                  Comment


                  • #10
                    Wait for phone call in August, go down to pick car up, hand over cash, car is completely mine... not a finance company's.
                    Auto Inparts.com
                    exclusive automotive products
                    www.autoinparts.com
                    www.e-tech.uk.com

                    GREEN COTTON FILTERS,
                    ETECH, SPARCO, PRECISION ENGINEERED WHEEL ACCESSORIES, MUC-OFF

                    Comment


                    • #11
                      I'm paying £3000 deposit and £270 a month over 36 months with final re-payment of £6100.

                      Comment


                      • #12
                        Originally posted by starkie
                        Originally posted by BO55 VXR
                        Originally posted by starkie
                        £12,000 On Finance @ £282 A Month

                        £4500.00 Cash
                        £500.00 Deposit

                        Total:
                        £17k :?
                        How many months?
                        4 Years my friend..
                        This equates to 12.8% interest over the term of your loan

                        Comment


                        • #13
                          Ouch... :?
                          Auto Inparts.com
                          exclusive automotive products
                          www.autoinparts.com
                          www.e-tech.uk.com

                          GREEN COTTON FILTERS,
                          ETECH, SPARCO, PRECISION ENGINEERED WHEEL ACCESSORIES, MUC-OFF

                          Comment


                          • #14
                            Inchcape offered me 0% finance, I think it's £5000 up front and then around £300 per month for 3 years after that......wasn't listening too much to be honest as I wasn't looking for finance, as TonyJ said I'm going to pay for mine outright....then the car is mine.....all mine!!!
                            YOU CAN ALL K155 MY VXR's!!

                            sigpic

                            It takes 46 muscles to frown.....but only 4 to flip 'em the bird!!!

                            Comment


                            • #15
                              PX the astra vxr, pay the outstanding balance there and then all mine

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