First off just want to say from the threads I've read on here, this is a very informative and friendly place so glad I found it.
I was wondering if anyone has any advice on the best lenders in the UK for PCP or Lease purchase. I've had some quotes back from a company called Oracle Finance. The monthly costs are in my budget and kind of what I expected at £664 over 48 months. The rate of interest is 3.53 percent and APR is 6.9%, based on putting a £10,000 deposit down. Is this reasonable? I was wondering if there were any companies people highly recommend or have had better rates from?
It's probably also worth mentioning that I'm purchasing the performance model that comes in at £63,700. I've already paid £3000 but the above quote is based on the £63,700 so I'm guessing the monthly costs would in fact be a little less.
Many thanks in advance,
Peter
I was wondering if anyone has any advice on the best lenders in the UK for PCP or Lease purchase. I've had some quotes back from a company called Oracle Finance. The monthly costs are in my budget and kind of what I expected at £664 over 48 months. The rate of interest is 3.53 percent and APR is 6.9%, based on putting a £10,000 deposit down. Is this reasonable? I was wondering if there were any companies people highly recommend or have had better rates from?
It's probably also worth mentioning that I'm purchasing the performance model that comes in at £63,700. I've already paid £3000 but the above quote is based on the £63,700 so I'm guessing the monthly costs would in fact be a little less.
Many thanks in advance,
Peter
