jpaero Posted February 8, 2013 Share Posted February 8, 2013 Long story short and in coming to a conclusion, I have decided to trade in my girlfriends car and pay cash as well as taking out some finance to purchase a 370z. My problem is that I am based in Northern Ireland and I am looking at cars in England to buy....am I ok to get sorted with finance with a dealership in England even though I live in Northern Ireland? Never had car finance so dont have a clue and emailed a dealership but they never got back to me...help would be appreciated Quote Link to comment Share on other sites More sharing options...
Jay Posted February 8, 2013 Share Posted February 8, 2013 Why dont you try and get a loan from your bank and then you can barter even more with dealerships etc? Quote Link to comment Share on other sites More sharing options...
AJRFulton Posted February 8, 2013 Share Posted February 8, 2013 (edited) Why dont you try and get a loan from your bank and then you can barter even more with dealerships etc? I'm assuming you are buying second hand, and the fact you are considering a Z would again suggest you at least have a reasonable income, and in all likelihood a reasonable credit history. Basically car finance from a dealer for a second hand car is going to be around 12-15%. A bank loan, depending on you credit score and risk, could be in the 5-7% region. It is a no brainer as to what is the better option! You may even be able to waggle a better deal as you are buying the car cash. I recently bought a Z GT Edition, and being self employed I couldn't get a bank loan at a decent APR as I don't have 2yrs worth of audited accounts yet. However buying the car new, at Nissans 6.9%, coupled with £8k off the list price, made buying new only slightly more expensive to that of buying a £20k second hand car, with the extended warranty package added on, on APR of say 14%. Also if you are from Northern Ireland, I'd recommend Macklins in Glasgow, which is surely closer to you and an excellent dealership. Edited February 8, 2013 by Badgeronimous 1 Quote Link to comment Share on other sites More sharing options...
jpaero Posted February 8, 2013 Author Share Posted February 8, 2013 The girlfriend already has finance out on her car etc so it was a way to get rid of it at the same time. Just trying to think of the best possible solution Quote Link to comment Share on other sites More sharing options...
choptop Posted February 8, 2013 Share Posted February 8, 2013 Why dont you try and get a loan from your bank and then you can barter even more with dealerships etc? I recently bought a Z GT Edition, and being self employed I couldn't get a bank loan at a decent APR as I don't have 2yrs worth of audited accounts yet. However buying the car new, at Nissans 6.9%, coupled with £8k off the list price, made buying new only slightly more expensive to that of buying a £20k second hand car, with the extended warranty package added on, on APR of say 14%. This is a really good point. There are some good deals to be had if you are a cash buyer and can haggle a bit Quote Link to comment Share on other sites More sharing options...
AJRFulton Posted February 8, 2013 Share Posted February 8, 2013 (edited) Why dont you try and get a loan from your bank and then you can barter even more with dealerships etc? I recently bought a Z GT Edition, and being self employed I couldn't get a bank loan at a decent APR as I don't have 2yrs worth of audited accounts yet. However buying the car new, at Nissans 6.9%, coupled with £8k off the list price, made buying new only slightly more expensive to that of buying a £20k second hand car, with the extended warranty package added on, on APR of say 14%. This is a really good point. There are some good deals to be had if you are a cash buyer and can haggle a bit Well I had looked at a 2yr old Black Edition firstly, the car was priced at £19,500, by the time you buy warranty, servicing, road tax, it's £21,000. The cheapest I could of got this car on finance for was 13% apr IIRC. I got my GT edition, new, for £27,000 @ 6.9%apr Putting in the same deposit, the monthly difference in finance PCP payments really is not a great a deal. Edited February 8, 2013 by Badgeronimous Quote Link to comment Share on other sites More sharing options...
jpaero Posted February 8, 2013 Author Share Posted February 8, 2013 Some good points there fellas, thanks for the help. Will need to sit down and have a good look at it. Quote Link to comment Share on other sites More sharing options...
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