Car News 24 Feb 2016

Used vs New – Buying the car you want at the right time for the right deal.

For those looking to purchase their next car with a view to achieving the very best spec they can for their money the buoyant second hand car market is proving a very attractive proposition. Although each car performs in a different way where depreciation is concerned, at Oracle Finance we can help you identify the optimum age to buy the specific model you are looking for, making the whole process much easier and much more cost effective.

How does it work? Well, it’s simple really. Oracle Finance can offer you a 3 month no obligation credit line which means you can start the hunt for your new car with the assurance that the funds are reserved. Often people make the mistake of finding the car and then having to arrange finance afterwards meaning they inevitably opt for dealer finance and potentially a higher finance rate or longer lead times.

As well as Oracle offering a variety of excellent credit options you will also be allocated a dedicated Account Manager who is always on hand to offer advice on the right deal that best suits your needs. Your account manager will also utilise our comprehensive software which calculates the current value of a vehicle and it’s estimated value at various intervals over the forthcoming years. This is perfect for showing current value and residual value and is the essential part of working out the deposit, monthly payments and final balloon payment associated with the car of your choice.

If you are considering a change of vehicle Oracle Finance are happy to chat through any questions you have about financing your next vehicle purchase. What’s more, it could be worthwhile pre-empting the new registration rush and arranging a 3 month (no obligation) credit line to give you the peace of mind that the funds are reserved when you find the perfect car.

Please see below for a number of comparative finance examples:

Aston Martin V8 Vantage Coupe Manual

Example 1 – 2006 done 19,000 miles

Cost                              £44,000

Deposit                          £8,800

Balance                         £35,200

Term                            48 months

Monthly Payment            £695

Balloon                         £10,773

 


 
Example 2 – 2011 done 1,000 miles

 Cost                              £115,000

Deposit                          £23,000

Balance                         £92,000

Term                            48 months

Monthly Payment            £1,895

Balloon                         £23,736

Lamborghini Gallardo Spyder E Gear

 Example 1 – 2007 done 7,500 miles

 Cost                              £99,000

Deposit                          £19,800

Balance                         £79,200

Term                            48 months

Monthly Payment            £1,525

Balloon                         £26,413

 

 Example 2 – 2011 done 1,000 miles

Cost                              £196,000

Deposit                          £39,200

Balance                         £156,800

Term                            48 months

Monthly Payment            £3,100

Balloon                         £47,535

Porsche Carrera Coupe

 Example 1 – 2010 done 10,000 miles

Cost                              £60,000

Deposit                          £12,000

Balance                         £48,000

Term                            48 months

Monthly Payment            £869

Balloon                         £19,358


Example 1 – 2011 done 45 miles 

Cost                              £75,000

Deposit                          £15,000

Balance                         £60,000

Term                            48 months

Monthly Payment            £1,105

Balloon                         £23,035

For more details call Oracle Finance on 0800 012 6666