MINI2

Blusox · May 9th, 2002, 03:57 AM

Hi all,

It's my first time on here so be gentle. Have any of you guys found a really good car finance company in the UK? The best I've found so far are all around 8-9% apr.
Pls help, I want to get on a mini list asap.

Paul · May 9th, 2002, 04:05 AM

I found (when window shopping) direct line to be very competitive, and their car purchase plan is a good option.

Also Marks and Spencer seem to be pretty good.

You could also ask your dealer what they can do for you?

Macsport · May 9th, 2002, 04:25 AM

Blusox

I agree with Paul about Direct Line and I actually used their car finance plan to buy our car.

8.2% APR and a lot less than the 14.5% I was quoted for the MINI PCP which is going to save me around £1000 over the three year period. The other advantage of the Directline deal over the PCP is that I own the car and there is no mileage restrictions.

I filled in the application form online at www.directline.com but it then took three weeks to get all the paperwork sorted once I had been approved, so dont leave it to the last minute to sort the paperwork out! Telephone staff very helpful and friendly. Highly recommended.

Directline Website

cmt · May 9th, 2002, 05:31 AM

Northern Rock currently charge 8.1% APR. However, mention this to the dealer and they will probably match/better it.

iaa · May 9th, 2002, 05:33 AM

Quote:

Originally posted by Blusox
Hi all,

It's my first time on here so be gentle. Have any of you guys found a really good car finance company in the UK? The best I've found so far are all around 8-9% apr.
Pls help, I want to get on a mini list asap.

If you're a home owner then the best option is to remortgage for a larger amount with Intelligent Finance or Woolwich Open Plan etc. Then you get an effective loan rate the same as the mortgage rate (currently under 5%) and effectively earn interest at this rate on your current account balance (TAX FREE). I paid for my Mini on the day I picked it up by Switch!

Ian

KenL · May 9th, 2002, 07:11 AM

Check out lombard direct as well.

timlowden771 · May 9th, 2002, 04:32 PM

Its always worth seeing what your dealer can offer. I am a car salesman and the finance companies are doing some really good deals at the momemt. Off the top of my head I think you should be able to get a flat rate of around 4% which is an apr of about 8-9%. You will struggle to get these rates on a PCP deal,but you still should be able yo get 10-11% apr.

mikeythemikey · May 16th, 2004, 01:23 PM

Ive been offered 10.9% apr on pcp, is this ok then? or should I just go with a loan at 6-8% apr. I dont plan to change the car soon, but guess we might.

May 9th, 2002, 03:57 AM	#1
Blusox MINI2 Regular My Classifieds Join Date: May 2002 Location: South East Local Time: 02:54 AM Posts: 279 Offline	Car Finance Hi all, It's my first time on here so be gentle. Have any of you guys found a really good car finance company in the UK? The best I've found so far are all around 8-9% apr. Pls help, I want to get on a mini list asap.

May 9th, 2002, 05:31 AM	#4 (permalink)
cmt MINI2 Lurker + Sponsor Join Date: Jul 2001 Location: Westhoughton, NW Eng Local Time: 02:54 AM Posts: 1,211 Offline	Northern Rock currently charge 8.1% APR. However, mention this to the dealer and they will probably match/better it. Currently driving: Silver Volkswagen Lupo GTi, 6 speed, 125bhp

May 9th, 2002, 05:33 AM	#5 (permalink)
iaa MINI2 Regular Join Date: Jan 2002 Location: Somerset Local Time: 02:54 AM Posts: 102 Offline	Re: Car Finance Quote: Originally posted by Blusox Hi all, It's my first time on here so be gentle. Have any of you guys found a really good car finance company in the UK? The best I've found so far are all around 8-9% apr. Pls help, I want to get on a mini list asap. If you're a home owner then the best option is to remortgage for a larger amount with Intelligent Finance or Woolwich Open Plan etc. Then you get an effective loan rate the same as the mortgage rate (currently under 5%) and effectively earn interest at this rate on your current account balance (TAX FREE). I paid for my Mini on the day I picked it up by Switch! Ian

May 9th, 2002, 04:32 PM	#7 (permalink)
timlowden771 MINI2 Senior Join Date: Nov 2001 Location: Here, there and ever Local Time: 01:54 AM Posts: 395 Offline	Mini Money Its always worth seeing what your dealer can offer. I am a car salesman and the finance companies are doing some really good deals at the momemt. Off the top of my head I think you should be able to get a flat rate of around 4% which is an apr of about 8-9%. You will struggle to get these rates on a PCP deal,but you still should be able yo get 10-11% apr. If she's not smoking she broken!

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May 9th, 2002, 04:05 AM	#2 (permalink)
Paul Trained Monkey My Classifieds Join Date: Jan 2001 Location: Bedfordshire Local Time: 02:54 AM Posts: 40,553 Offline	I found (when window shopping) direct line to be very competitive, and their car purchase plan is a good option. Also Marks and Spencer seem to be pretty good. You could also ask your dealer what they can do for you?

May 9th, 2002, 04:25 AM	#3 (permalink)
Macsport MINI2 Regular Join Date: Apr 2002 Location: Lincolnshire Local Time: 01:54 AM Posts: 320 Offline	Blusox I agree with Paul about Direct Line and I actually used their car finance plan to buy our car. 8.2% APR and a lot less than the 14.5% I was quoted for the MINI PCP which is going to save me around £1000 over the three year period. The other advantage of the Directline deal over the PCP is that I own the car and there is no mileage restrictions. I filled in the application form online at www.directline.com but it then took three weeks to get all the paperwork sorted once I had been approved, so dont leave it to the last minute to sort the paperwork out! Telephone staff very helpful and friendly. Highly recommended. Directline Website

May 9th, 2002, 07:11 AM	#6 (permalink)
KenL MINI2 Master Join Date: May 2002 Location: Edinburgh Local Time: 02:54 AM Posts: 5,210 Offline	Check out lombard direct as well.

May 16th, 2004, 01:23 PM	#8 (permalink)
mikeythemikey MINI2 Regular Join Date: Mar 2004 Local Time: 01:54 AM Posts: 247 Offline	Ive been offered 10.9% apr on pcp, is this ok then? or should I just go with a loan at 6-8% apr. I dont plan to change the car soon, but guess we might.

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