Paying NHPC?

[Richf]

Originally Posted by OllieMeff

I'm with Roly on this one. Most of our customers are funding their cars as their money is better invested elsewhere.

Sorry mate 60K on Nissan finance isnt a smart way to do it at any time not on a £60k car anyhow, putting it through a business would make sense as would not holding the debt personally ie leasing through a third party but holding £60k of debt against a car makes no sense to me at all but maybe i'm just old and more careful with my money than most.

I would be very surprised if that's how the majority of people finance cars in this price range and as for getting better returns investing £60k elsewhere , perhaps sometimes but currently chance would be a fine thing

[Roly Atluap]

Thats why I'd shop around to look for a pcp or asset finance. Personally would never tie up more than £20K in any car unless it was going to appreciate.

Still lots of ways to make money grow at a significant rate, despite all the doom and gloom mongerers.

[project fto]

Originally Posted by Richf

£960 x 60 = £57600 doesnt leave much for set up fees and interest

People borrowing that kind of money for a car are mad imo, if you can afford to buy one fine , if you have to borrow nigh on £60k to get it , you need to have a word with yourself.

thats very untrue, quite the opposite infact, you have to be a bit of an idiot to spend mega money on a car and pay cash.

Infact i bet you apart from footballers 99% of ferrari's, lambos etc sold are bought on finance or lease, why? because instead of spending a 100 grand on a car that will be worth 50 in 3 years you invest that 100k and pay the finance off with your gains. Hey presto you still have your 100k sitting there!

The people who have this sort of money are not stupid, hence the reason they have that sort of money, if they went spending their capital on 100k cars they would be very poor in no time at all.

[Dave_R1001]

What sort of rates and monthly costs would you be looking at on a business lease then?