Just been to a local Ford dealer looking at a new ST Focus and the best APR they can do is 7.9% .Keen to deal they say ,they want £380/mth for a ST2 but I wont pay anymore than £300 will they buckle??

 

Will they buckle? They bloody well should do - that's way too high.

I've been quoted an APR of 5.6% on a used car with a 50% deposit (that's NOT the flat rate, that's the actual APR) with Lombard (that's Lombard Finance Assets, not to be confused with Lombard Direct ).

If I were you I'd get your finance elsewhere.

 

Doubt it , thats actually not a bad rate at the moment.
Most banks are charging upwards of 8% for loans if they're lending at all.
Depends how much you're borrowing but to drop £80 a month in interest will be huge drop in the %. Can't see how they can manage that?

 

Is ownership important? You can lease one for much less...

Ford ST Lease

 

I am also using them for a car with a 50% deposit - spooky

 

And it sounds like it's a similar car......

woooOOOOOoooooo.........

 

The wife currently has a 2.0L TDCI Focus on Ford Options and she was looking to change to a ST2 which would be on Options again.At the minute Ford are offering £1000 if you have a Focus and change to the new model,so ownership isnt important as she dosent/wont own the car anyway.

 

Get a merc at 5.8% APR. I'm tempted

 

£80 a month reduction over, say, 3 years is £80x36, £2880.

You're dreaming mate.

 

darn the lot lowa 4 cash

 

totally

 

Audi is 11.4%!

 

given no one can sell a car

zero percent ????

why would anyone ever commit to 6/7 or 8% on a loan ????

cash is king- it always will be.

 

I wouldn't / won't bother getting a loan until these fools start lowering the loan rates ... 0.5% BoE interest rate & these highway robbers want to charge us almost 20x that

TX.

 

until the inter bank lending rate drops, this will affect the finance companys, erm Audi have 1% on some models. however all these car companys that advertise 0% all there doing is taking it out of the margin of the car already.

 

father in law just got a new fiesta over 2 years 4.9% apr, the dealer said that they have never been so busy, they cant get hold of enough fiestas at the moment.

Also the RS focus now has a 6 month waiting list, there is 10500 currently on order, he reckons hardly anyone is buying a standard one so there averaging 27500k

10500 x 27500 = £288,750000

Credit crunch!!!!!!!!!!!!!!!!!!!!! what fooking credit crunch

 

10500? That must be europe wide!

 

buggered if i know but its a lot of cars in a supposedly hard time for people to spend isnt it, isnt the credit crunch world wide?

 

i've just sniped somone from a focus rs into an s3, im quite tempted myself, only because of the hype though lol i hate fords lol .