Car finance - what apr should we be paying on PCP ?
29 November 2008, 01:05 PM
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Car finance - what apr should we be paying on PCP ?
Audi seem to think that 10.9% in the current climate is acceptabale - was told that we should be able to get abot 4% above base on either anew or 2nd hand car ????
Anyone any idea's ????
Anyone any idea's ????
29 November 2008, 01:15 PM
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Finance companys work 3 months in arrears so there will be no lower rates passed onto the consumer at the moment. In my opinion when rates were good, 10.9% on a pcp was about the norm so to still get it in the current climate seems good, however good rates of finance are all about the 'flat' rate, APR amounts can seem high, particulary as doc fees etc will pump it up.
29 November 2008, 03:00 PM
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Finance companys work 3 months in arrears so there will be no lower rates passed onto the consumer at the moment. In my opinion when rates were good, 10.9% on a pcp was about the norm so to still get it in the current climate seems good, however good rates of finance are all about the 'flat' rate, APR amounts can seem high, particulary as doc fees etc will pump it up.
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