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Finance Providers

v8fettler

Silverstone
Joined
30 Apr 2016
Messages
124
Has anyone used one of the 'Specialist' Finance providers, the sort that advertise for 'Luxury/Prestige' cars with any success?

Staring at my Finance quote for a Land Rover Discovery thats soon to join the fleet, I'm shopping around, and without failure, all of the 'Specialists' have failed to reply... :dont know:

All of the contacts in my little book of Asset Finance companies have all replied, with slightly better rates than Land Rover, despite it being only a very small peice of their pie... :bye:

Previous Porsche was done with Clydsedale Bank, I don't know if they're still doing that? I dont know If I'll be blacklisted for taking them through the Ombudsman :judge: , but it'd be good to know...

Any suggestions from you guys about Financing?
 
Try Oracle finances or Eurolease ( Jamie Garside).
 
+1 for Jamie Garside.
 
Jamie has bowed out, his offering is similar to our local Asset Finance company, and rates are very similar...

Just seems the rates have gone daft due to interest rates in general and the lack of supply of vehicles in general removing any incentives...
 
Dealer finance generally always seems expensive unless as you say there are incentives... rates have gone up but they are still v low, in real terms. Actually the best all-in rates I've had have been on a straight personal loan from my bank, but clearly less flexible than a PCP with balloon etc.
 
Ah yes Rob, the personal loan would be a cheaper option, but after the horrendous experience of rejecting a Lemon 911 Turbo, I think I'll pay that little bit more for the protection it offers. I'd have been shafted had I bought the Turbo with savings or a personal loan, it was only the Ombudsman that saved the day really, adn you only get that with the Financial Product...
 
Ah, good point I'd not thought of that...
 
v8fettler said:
Ah yes Rob, the personal loan would be a cheaper option, but after the horrendous experience of rejecting a Lemon 911 Turbo, I think I'll pay that little bit more for the protection it offers. I'd have been shafted had I bought the Turbo with savings or a personal loan, it was only the Ombudsman that saved the day really, adn you only get that with the Financial Product...

Unless you can pay for part of it on credit card eg the deposit .......you are then covered for the full transaction so far as I am aware :?:
 
Ive had bad experience with Credit Cards. Much bigger burden of proof generally required, and they don't have the same approach to vehicles as finance companies do, and which the FCA/Ombudsman do.

I don't know what the rule is regarding deposits and if that covers it all. It would seem a bit strange for them to put themselves at risk that way for minimal gains? But its beleivable. I just bought some headlights for a camper van, the company went bump before delivering them, and it was a zero quibble phone call that got me a credit.
 
My understanding is that if you pay for any part of a transaction via merchant services (credit card) then the whole transaction is covered. Thats why merchant service providers are very particular over what transactions they will allow. I know some dealers won't allow deposits on credit card for that reason but others do not seem bothered.......but as you say finance probably offers more options if a problem / different burdens of proof
 
jonttt said:
v8fettler said:
Ah yes Rob, the personal loan would be a cheaper option, but after the horrendous experience of rejecting a Lemon 911 Turbo, I think I'll pay that little bit more for the protection it offers. I'd have been shafted had I bought the Turbo with savings or a personal loan, it was only the Ombudsman that saved the day really, adn you only get that with the Financial Product...

Unless you can pay for part of it on credit card eg the deposit .......you are then covered for the full transaction so far as I am aware :?:

Hi there

Section 75 covers most,but not all, credit card agreements. If you pay by credit card anywhere between £100-£30000 then you are covered by S75.
I think it only covers up to £30000?

Source from money saving expert website.
 

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