Man maths assistance requested please?

[D Walker]

Silly sods! They’re either discourteous or, er, discourteous. Phone ‘em up and ask to speak to the dealer principal.

Or on holiday, de- manned...

 

[Felonious Crud]

Or on holiday, de- manned...

They’ll have people working. If they haven’t, they should have one of those out of office message thingies.

To your other comment, Dave, you’d look good in a roofless Lambo. In Denmark. Arrive in style!

 

[D Walker]

They’ll have people working. If they haven’t, they should have one of those out of office message thingies.

To your other comment, Dave, you’d look good in a roofless Lambo. In Denmark. Arrive in style!

Lol, don’t think so, ugly foul mouthed Northener, Lamborghini, probably = drug dealer......
Maybe something a bit more refined, F-Type....well, I am 50....

Put my out of office on.....As of today, I have left the company....

 

[Felonious Crud]

Lol, don’t think so, ugly foul mouthed Northener, Lamborghini, probably = drug dealer......
Maybe something a bit more refined, F-Type....well, I am 50....

Put my out of office on.....As of today, I have left the company....

Congratulations, Dave! A new adventure awaits. And lots of fish.

A foul-mouthed northerner sounds like a perfect fit for a Lambo.

 

[rockits]

You can join the Cheshire footballers Lambo club

 

[D Walker]

You can join the Cheshire footballers Lambo club

Too Far East, tbh, I’d look a ****** in a Lamborghini, FERRARI, so wtf, does someone with say 80-100 k buy who doesn’t want to look like a git....AM? Adam, stand down...lol..

 

[bigbob]

Too Far East, tbh, I’d look a ****** in a Lamborghini, FERRARI, so wtf, does someone with say 80-100 k buy who doesn’t want to look like a git....AM? Adam, stand down...lol..

The solution to your problem is a Maserati Coupe.......................if they made one. Notwithstanding that you have already answered the problem yourself so are clearly looking for a pat on the back to make you buy an English sports car. The only problem is that that budget is banging the door on something automotive from Surrey....

Edited to insert the word 'automotive' before the word 'from'.

 

[JonW]

Hilarious extract from the Peter Crouch book in the Times this weekend about him driving around Hale in an Aston Martin, feeling a bit self conscious but like he’s a rock god, and then sees Roy Keane at a set of lights who looks disgusted and makes him feel like a twit... with an A.

Am not saying Roy Keane is right or who I’d pick as my mental conscience, but it made me chuckle....

 

[rockits]

Good thing about an AM Coupe is that the side glass area is small and doors high so sit low and you won't see much out not much will see in.

Planning my premature entry into a V12 for some time in the future. An AM seems an obvious choice so would be useless if the a4se could drop out of Vantage V12 S in next few years.....sorry Adam!

 

[D Walker]

Hilarious extract from the Peter Crouch book in the Times this weekend about him driving around Hale in an Aston Martin, feeling a bit self conscious but like he’s a rock god, and then sees Roy Keane at a set of lights who looks disgusted and makes him feel like a twit... with an A.

Am not saying Roy Keane is right or who I’d pick as my mental conscience, but it made me chuckle....

I’ve seen that interview, where Crouch says, Keane looked at me and I felt like a *****, admittedly as far as true winners go you’d struggle to find a man truly committed...

 

[Oliver6796]

Silly sods! They’re either discourteous or, er, discourteous. Phone ‘em up and ask to speak to the dealer principal.

Id go with discourteous. Still waiting for my call back ! . I’m going to go as far as saying it on a thread, walk away from this one.

 

[iainw]

Id go with discourteous. Still waiting for my call back ! . I’m going to go as far as saying it on a thread, walk away from this one.

Any car dealer trying to sell a 70k+ maserati not returning a call needs to either see a psychiatrist or sign up to the local job centre...

 

[Felonious Crud]

Planning my premature entry into a V12 for some time in the future. An AM seems an obvious choice so would be useless if the a4se could drop out of Vantage V12 S in next few years.....sorry Adam!

Of the recent models, the Vanquish is where the depreciation happened so far. The outrageously lovely new DBSS is a huge pull for Vanquish owners looking for the latest model. Touch wood, Vantages are listing at fairly firm prices. Mine would sit on a forecourt for about £5k more than I paid last March (I paid a mental low price) which means I’ve optimistically lost around £5k if I decided to p/ex it. Which I won’t, because I effing love it, which means I’ve lost nothing, which is even better.

Dean, get one! Also have a look at the Virages. Stunning car and perplexingly ignored.

 

[rivarama]

Have you been offered 5.9% APR on those figures? That’s a good deal If so. No brainer at less than 200/ month

Without trying to be a party pooper, I think 5.9% is not good.
Unless you know places where you can invest your cash at over 10% (gross yield that would net you 5.9%) - it makes little financial sense to take a loan at 5.9%.
If you cannot lay the extra £40k, and are still thinking you can afford this car, a line of credit on your mortgage line would be a lot cheaper

 

[Felonious Crud]

Without trying to be a party pooper, I think 5.9% is not good.
Unless you know places where you can invest your cash at over 10% (gross yield that would net you 5.9%) - it makes little financial sense to take a loan at 5.9%.
If you cannot lay the extra £40k, and are still thinking you can afford this car, a line of credit on your mortgage line would be a lot cheaper

Surely the mortgage option would apply that admittedly lower % over the remaining term of the mortgage. Although it might be a lower rate, the total cost of interest may not be much different.

 

[outrun]

And securing on your home is not so clever in my opinion. On a rental property, yes, on the roof over your head, no.

 

[slay]

Without trying to be a party pooper, I think 5.9% is not good.
Unless you know places where you can invest your cash at over 10% (gross yield that would net you 5.9%) - it makes little financial sense to take a loan at 5.9%.
If you cannot lay the extra £40k, and are still thinking you can afford this car, a line of credit on your mortgage line would be a lot cheaper

I have to agree with Rivarama here, in the current low interest rate environment, I would be very happy with a low (if not risk free) risk return of 5.9 %. You can actually get a personal loan at an interest rate of less than 3%, so 5.9% with your GT as collateral is very expensive in comparison.

 

[iainw]

I have to agree with Rivarama here, in the current low interest rate environment, I would be very happy with a low (if not risk free) risk return of 5.9 %. You can actually get a personal loan at an interest rate of less than 3%, so 5.9% with your GT as collateral is very expensive in comparison.

I think my point here is being missed. I thought 5.9% seemed good in the current climate of what is on offer- for a relatively low value car/ loan. I am not sure you could get much lower via the finance brokers on 100,150 or 200+ cars. Even 5.5 on balanced payment HNW is decent.

I personally wouldn’t stick it on a mortgage - the length of repayment as Adam suggests would probably mean the total interest burden is higher, but I understand the statements of riverama and slay. Everyone’s circumstances are different. In Johns case I wouldn’t bat an eyelid at paying sub 200 a month and trading into a Strad if that’s what he would prefer. A take away for the family a week isn’t a bad price to pay.

 

[JonW]

Without trying to be a party pooper, I think 5.9% is not good.
Unless you know places where you can invest your cash at over 10% (gross yield that would net you 5.9%) - it makes little financial sense to take a loan at 5.9%.
If you cannot lay the extra £40k, and are still thinking you can afford this car, a line of credit on your mortgage line would be a lot cheaper

Hi,

There are obviously lots of different views on financing, and what makes sense for one may be different for others.

It’s almost certainly hypothetical now anyway, as I’m no longer interested in the car I was looking at, but given that I’ve already shared the inner workings of my personal man maths calculator with you all in an attempt to learn from other’s perspectives, here’s some more ramblings.....

I’ve historically been completely debt averse, and other than my mortgage have zero borrowings. I also am fortunate enough to have a decent chunk of equity in my house, as my mortgage is only about a 1/3rd of the house value. As such, I probably could, very easily, increase my mortgage by the extra 40k. I could also, theoretically, pay this off within two years, as I currently have an interest only mortgage, fixed at just under 2%, where I can (and do) pay 10% of the capital off in a lump sum per year. However, this would still mean that there was an extra 40k on the mortgage for at least the next 3 years, which is when my current fix runs out.

So adding the car purchase to my mortgage would cost me 2% per year for the next three years, which (if borrowing 40k) is £2400. This assumes I’m able to completely remove the £40k in 3 years time...

Alternatively, if I bought the car on finance, and let’s assume I could get 5.9% over the same three year period, that would be £7,080. So a difference of £4,680....

That adds up to the price of a new clutch, so why wouldn’t I go the mortgage route?

 

[Felonious Crud]

That adds up to the price of a new clutch, so why wouldn’t I go the mortgage route?

Hypothetically (again), you probably should go the mortgage route given the marginal increase in risk and lending and the fact that you would pay it off in 3 years. If your plan was simply to increase your mortgage and just continue to pay it off for rest of the term, perhaps 10-15 years, that would be a less prudent approach.