Are there any good finance deals out there at the moment, im horrified at the obscene rates on offer considering the non-existant base interest rate. I appear to be addicted to Landrovers...

TD5 D-Lander hopefully finished soon!
FL2....this year with any luck!

Hi Smo.

I would be pleased to quote for you.
With interest rates so low, this has little effect unfortunately.
The cheap money has all dissapeared out of this country, with banks falling over themselves to exit the UK finance market for cars! and it's likely to get worse.

The only real big players left are, santander and ING but they have heavy restrictions.
Since the CCA took the cap of regulation on finance agreements, the amount of vehicles being Voluntarily terminated and handed back to the banks is ridiculous. Ask me, we've seen around 15 cars pass through since Dec, and the bank have to pick up the pieces. Therefore car funding is becoming a loss maker in massive quanitities. A good rate right now on most finance deals is going to be around 5-6% FLAT, which equates to around 11-12% APR!! Which is what most dealers are quoting.

We would be happy to have a look at any quote you may have and see if we can better it by shopping around all the cheapest lenders, who are still left in the UK that is!

11-12% APR is rediculous. I'm not willing to pay over 6.9-7.9% because that is what the bank will give me! I appear to be addicted to Landrovers...

TD5 D-Lander hopefully finished soon!
FL2....this year with any luck!

Landrover were doing 0% if you put a minimum of 40% down & 5.9% on PCP or standard finance with a small deposit. (Past) Freelander 2 HSE 2010 MY In Rimini Red.
(Past) RR Evoque Dynamic Lux Si4 In Firenze Red.
(Past) RR Evouque Pure Tech in Barollo Black with bespoke Firenze Red colour coding.
(Present) Freelander Metropolis 2015 MY In Santorini Black with Ivory Premium Leather.

When/where was this, i can find 0% if i put down 70% and i thought the rates were higher than that on finance, needless to say i cant find any rates now!!! I appear to be addicted to Landrovers...

TD5 D-Lander hopefully finished soon!
FL2....this year with any luck!

smo wrote:

When/where was this, i can find 0% if i put down 70% and i thought the rates were higher than that on finance, needless to say i cant find any rates now!!!

These are the current deals.

http://www.landrover.co.uk/gb/en/vehicles/...otions.htm 09 FL2 HSE auto Lago Grey
71 Triumph Stag 3L
68 NGTCV8 3.5L

greengiant wrote:

These are the current deals.

http://www.landrover.co.uk/gb/en/vehicles/...otions.htm

40% i could probably do, 70% i cant!  I appear to be addicted to Landrovers...

TD5 D-Lander hopefully finished soon!
FL2....this year with any luck!

smo wrote:

11-12% APR is rediculous. I'm not willing to pay over 6.9-7.9% because that is what the bank will give me!

Yes on a personal loan basis for a loan of under £20k you're very likely to get this.
However on a Balloon/PCP deal they can't do those and the loans will be on a personal basis and not secured on the car, which has advantages/disadvantages depending on your situation.

In term of the 0% deal or the subsidised low rate deals off the metal from dealers, they are your best bet for sure if you have that level of deposit. They fund the low APR's via LR who provide discounts off each bonnet to subsidise the lender, hence why massive deposits are required, so you're effectively borrowing very little so their subsidy is achievable through their discount allowances in order to shift stock and keep sales going.

If you are buying a used car, your options will be limited, and thats where we can help mainly!
In terms of new car dealer offering the current rates, give James at Park Royal LR a call i am sure he will direct you the right way.