| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 1912.1 | Note | TIMMII::RDAVIES | An expert Amateur | Thu Oct 08 1992 14:00 | 9 |
| Worth noting is that the lower repayments are because you are repaying
less of the CAPITAL, the difference between {cost of car minus deposit}
and the so called agreed resale value (usually quoted quite low).
However the interest charged is on the FULL cost of {the car minus
deposit}.
Richard
|
| 1912.2 | | FUTURS::WATSON | More ham please | Thu Oct 08 1992 14:32 | 4 |
| So whats the difference between these schemes and a Lease purchase with
a final balloon payment ?
Rik
|
| 1912.3 | | MANENG::LEACH | | Thu Oct 08 1992 14:40 | 8 |
| � So whats the difference between these schemes and a Lease purchase with
� a final balloon payment ?
With a baloon payment you actually pay interest on the baloon amount
over the lease period.
Shaun.
|
| 1912.4 | | NEWOA::SAXBY | Mean and Brooklands Green! | Thu Oct 08 1992 14:53 | 4 |
|
And these schemes are available to Joe and Josephine Public.
Mark
|
| 1912.5 | | ESBS01::RUTTER | Rut The Nut | Thu Oct 08 1992 16:02 | 5 |
| Shaun MANENG::LEACH
So you are still around then ?
J.R.
|
| 1912.6 | I will be SBP bound either next week or the week after | MANENG::LEACH | | Thu Oct 08 1992 16:50 | 5 |
| Rut the ESBS01::RUTTER Nut
I sneak a look every now and then ;^)
Shaun.
|
| 1912.7 | Confusion | TIMMII::RDAVIES | An expert Amateur | Thu Oct 08 1992 17:48 | 16 |
| >> <<< Note 1912.3 by MANENG::LEACH >>>
>>� So whats the difference between these schemes and a Lease purchase with
>>� a final balloon payment ?
>> With a baloon payment you actually pay interest on the baloon amount
>> over the lease period.
>> Shaun.
In .1 I stated that in these schemes you ALSO pay interest on the
"residual value" of the car. Doesn't this mean they're identical, and
therefore the only difference is they're available to the public?.
Richard
|
| 1912.8 | What was sleep like ? | MANENG::LEACH | | Thu Oct 08 1992 18:09 | 8 |
| � <<< Note 1912.7 by TIMMII::RDAVIES "An expert Amateur" >>>
� -< Confusion >-
I suppose if I had read your note again I would probably seen that they
were the same
Shaun.
|
| 1912.9 | This may or may not apply to you. | BAHTAT::DODD | | Mon Oct 12 1992 14:34 | 4 |
| I briefly looked at the Vauxhall scheme - it costs a lot more than the
Digital car scheme.
Andrew
|
| 1912.10 | Still looks good to me | KIRKTN::MCOMMONS | | Thu Apr 29 1993 16:00 | 8 |
| Does anyone have the freephone nos for Ford, Vauxhall or Rover to get
the information packs on these schemes. Also what's the general opinion
of getting a new car through these schemes, any personnal experiences
etc,
Thanks
Martin
|
| 1912.11 | | MAJORS::ALFORD | lying Shipwrecked and comatose... | Thu Apr 29 1993 16:54 | 3 |
|
The Vauxhall scheme is certain cheaper on the repayments than any other form of
financing (you are only financing 2/3 of the purchase value of the car).
|