Ford APR 7.9%!!
06 March 2009, 06:28 PM
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Ford APR 7.9%!!
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??
.Keen to deal they say ,they want £380/mth for a ST2 but I wont pay anymore than £300 will they buckle??
06 March 2009, 06:38 PM
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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.
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.
06 March 2009, 06:40 PM
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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?
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?
06 March 2009, 06:41 PM
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06 March 2009, 06:42 PM
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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.
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.
06 March 2009, 07:38 PM
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06 March 2009, 08:25 PM
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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.
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13 March 2009, 08:24 PM
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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.
TX.
13 March 2009, 11:49 PM
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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.
14 March 2009, 05:18 PM
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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
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
14 March 2009, 05:28 PM
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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
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
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