Quote:
Originally posted by RCA
Quote: Originally posted by itexuk
If you invested the £6156 for 2 years @5%you would get approx £630 less tax at lets say 20% = £504 so bike would cost £8291 when you can buy one for £7999 or less. How is 0% king.
Its only king if you do not have the money |
When you’ve worked in acquisition and as a QS for as long as I have, you will understand that 0% IS king on anything, it has nothing to do with not having the money?! Why would you put £8k into something as ridicules as a motorbike when you can buy it on 0%!? And as for 5% return on your investment?!??!? Me thinks you either need to sack your financial adviser, or get one.
New UK R1 bought in March 2005 from a Yamaha dealer when the RRP was £9299. Explain how I managed to get it for £8000 on 0% for 3 years with no deposit? And they said it could not be done….Dealers will get incentives for selling finance, regardless of the APR, or the length of the term. I know my car selling friends (SEAT, VW, PORSCHE) do it every single day. |
We were talking about the Ducati deal:
DUCATI 749:
£256.52 per month, 0% APR typical
On the Road cash price: £8,795;
24 monthly payments of: £256.52.
Deposit: £2,638.52;
Amount of credit: £6,156.48.
Total amount payable: £8,795.
I agree, IF you can negotiate a big discount off the above price and STILL get 0% than that is the way to go as you did on the R1.