no one knows!Ok, so 101 minus 65 is 36. So you’d be better off doing this, vs buying, as long as the car is worth less than £36k after 4 years.
Hmmm. Would it be?
Hi @Lfcdan I just got a PCP quote today from Porsche, which was at 6.8% APR. Have all dealers reduced the APR or is that something that needs to be negotiated with the specific dealer do you think? CheersIt should be
10k miles per annum
48 months
£15k down
£3.5k OLEV (your dealer wouldn’t have allowed for this, if they cant do on the quote add 3.5 onto the deposit)
6% APR (this was reduced in Jan tell them you want a requote)
List £101,787
£1,066.82 per month
Baloon - £48,925 (assuming Porsche haven’t amended the GFV)
mine was 6.8% initially but in Jan they also had 6% rate from Porsche tell them you want the new rateHi @Lfcdan I just got a PCP quote today from Porsche, which was at 6.8% APR. Have all dealers reduced the APR or is that something that needs to be negotiated with the specific dealer do you think? Cheers
That sounds great. My 4S is coming in at £110,464, do you know if they will do over £100k list price and over £60k loan value - that seems to be a cap on their online calculator.Lloyds Bank Car Finance PCP is quoting 4.6% APR and better GFV than Porsche themselves.
Yes. That's the thing. £100K max purchase price. £60K max loans. This suits me though as paying large enough deposit to only need the £60K advance makes the payments only £228 pm.That sounds great. My 4S is coming in at £110,464, do you know if they will do over £100k list price and over £60k loan value - that seems to be a cap on their online calculator.
Cheers
Why not just cash it through the company and get 100% WDA in the first year itself? Surely you will be better off this way money wise...?Yes. That's the thing. £100K max purchase price. £60K max loans. This suits me though as paying large enough deposit to only need the £60K advance makes the payments only £228 pm.
I was trying to get some comfort around residuals in case they go down much more than expected and ease of moving the car on after 3 years if I want to. I’m trying to decide between a PCP where I pay the deposit equal to the difference between the sale price and the GFV so just pay interest on the GFV as a result (Which itself would be tax deductible on top of the 100% first year allowance), or just buy it outright and take the risk on what I can sell the car for in 3 years if I don’t want it any more...Why not just cash it through the company and get 100% WDA in the first year itself? Surely you will be better off this way money wise...?
Is your build locked in? As if not see what otheHi @Lfcdan I just got a PCP quote today from Porsche, which was at 6.8% APR. Have all dealers reduced the APR or is that something that needs to be negotiated with the specific dealer do you think? Cheers
same mate I’m not sure what to doI was trying to get some comfort around residuals in case they go down much more than expected and ease of moving the car on after 3 years if I want to. I’m trying to decide between a PCP where I pay the deposit equal to the difference between the sale price and the GFV so just pay interest on the GFV as a result (Which itself would be tax deductible on top of the 100% first year allowance), or just buy it outright and take the risk on what I can sell the car for in 3 years if I don’t want it any more...
at the Porsche 6.8% apr that looks like interest of about £10k gross so about £8k net to guarantee the future value (and earn whatever interest I can on the cash in the meantime which won’t be much). Or hopefully I could find a lower interest rate like that offered by Lloyd’s.
decisions decisions ...
You don't half to "cash it through a company" to claim 100% WDA in the 1st year.Why not just cash it through the company and get 100% WDA in the first year itself? Surely you will be better off this way money wise...?