Paying NHPC?

[dilz87]

can nissan be paid throughout the year for the gt-r or
is it just £3,500 deposit and the rest when you collect
the car?

[davros]

Originally Posted by dilz87

can nissan be paid throughout the year for the gt-r or
is it just £3,500 deposit and the rest when you collect
the car?

£3500 deposit now and the rest is payable when you collect the car.

[GTR FREAK!]

does dilz87 mean can you pay installments of the overall bill throughout the bill during the wait for the arrival?

i also would like to know the answer to this ques.

[Paul_G]

Why would you want to give someone money to gain interest on it. Just set up a standing order into a savings account.

[R35Bren]

I suppose if you are worried about getting finance or if your credit report could be in better shape then it would look better in the finance companies eyes if you started paying now. But . . you would be losing all of that interest!

I have never heard of anyone having the option to pay installments before getting a car I suppose it would be good if you were planning on getting finance over 24 months then you'd be half way there by delivery. But you'd have paid more interest over the 24 months on the larger amount than you would do on a smaller amount over say a 12month period after putting down your years worth of savings plus interest.

[R35Bren]

However . . I was speaking to head of finance at my HPC (Motorline Tunbridge Wells) and he said that Nissan are not too worried about dishing out finance because they know that if they had to take the car back they'd probably make a profit anyway selling it on again anyway.

He mentioned that lots of the customers he has spoken to will be getting the full amount (less deposit) on finance. By my calculations they'd propably be paying about £960 a month over 60 months.

I'm hoping to save enough to not need to get finance through Nissan (likely to be about 12%) and try to get approx £20k from a high street lender at about 7%.

[dilz87]

my dad will be paying cash,probs just
put it into a savings account over the year!
thanks!

[Richf]

Originally Posted by R35Bren

He mentioned that lots of the customers he has spoken to will be getting the full amount (less deposit) on finance. By my calculations they'd propably be paying about £960 a month over 60 months.

£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.

[Roly Atluap]

Rich F, you will find that a huge amount of supercars are bought on finance deals, not because the owners cannot pay the cash amount, but because they can make more money with the cash,instead of having it tied up in a lump of metal.

Same goes here and is how I would have sorted a GTR if I hadn't cancelled my order.

I certainly would have shopped round for a deal, not just accepted nissan's finance and hope folk who are going the route of finance do so too.

[Richf]

Originally Posted by Roly Atluap

Rich F, you will find that a huge amount of supercars are bought on finance deals, not because the owners cannot pay the cash amount, but because they can make more money with the cash,instead of having it tied up in a lump of metal.

Same goes here and is how I would have sorted a GTR if I hadn't cancelled my order.

I certainly would have shopped round for a deal, not just accepted nissan's finance and hope folk who are going the route of finance do so too.

£57k isnt supercar money , most people i know who spend £40k plus on cars pay cash or lease , no smart money would borrow so much money for such a long period

[Roly Atluap]

Originally Posted by Richf

most people i know who spend £40k plus on cars pay cash or lease

How is leasing not finance? Either lease or balloon payment scheme is a means to the same end, not having £57K tied up in a lump of metal

[OllieMeff]

Originally Posted by Richf

£57k isnt supercar money , most people i know who spend £40k plus on cars pay cash or lease , no smart money would borrow so much money for such a long period

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

How they are all funding is down to individuals. Some are 'leasing' (I use that term loosely) some just straight forward HP. Some are putting them through businesses on Asset finance. Everyone is different, and there is no right or wrong way to do it.

[neils45]

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.

Each to there own....

PCP finance deals work quite well with above average price cars, though they tend to be slighly more expensive over the full term vs traditional HP the final 'balloon' payment means lower monthly payments over the 'loan' term.

As for me...I'm doing the lottery everyweek...you never know...it could be you!

[Pugwash]

I'll be doing balloon payment and was told to expect similar deals as Porsche ie Nissan are expecting car to be holding over 60% value so will allow around 50-55% to be deferred.

Time will tell

[turbobungle]

Originally Posted by Richf

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

You're forgetting the £3500 deposit already paid so the total would actually be £61,100. Although if you went for a premium model at £54,200 less £3,500 deposit, you'd need a flat rate of 2.72% finance to get payments that low! I'd like to know if any finance companies are offering that at the moment though, I'll be calling them!

I'd like to know what rates of finance the HPC's can offer?????????