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Interest Rate Update

Jamie_G

Portimao
Joined
13 Apr 2006
Messages
4,311
As you know Porsche Financial Services link their agreements to Finance House Base Rate 'FHBR' whereas all of my agreements link to Bank Base.

Following two recent Bank Base increases FHBR has gone up 0.5% to 6.5% this month. This will only affect people who have variable rate agreements through Porsche and not any of my customers.

You will find our rates for new and used purchases far more competitive than dealer offered finance over the coming months.
 
Jamie - your deals are variable also though yes?

Just linked to BOE?
 
Jason,

Correct, largely variable to give minimal penalties on early settlement although I can do fixed if needed.

My point is that FHBR moves independantly and after Bank Base so for the last couple of months when quoting against dealers I haven't looked as competitive as before as waiting for FHBR to catch up.

When interest rates go down, FHBR is also sluggish to reduce.
 
Cheers Jamie - just needed to check your rates are not fixed.
 

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