Thinking of ordering a new fl VRS before the vat free deal finishes. The dealer said there is currently a finance deal of 1.5% flate rate over 3 years. Does anybody know if this is only for 3 years or can it be done over 4 years?

It's only for up to 3 years....so 4.5% over the whole term (1.5% per year)

Remember whilst the flat rate may be 1.5% the APR is 3.6% ................ so do your calculations !

Not sure about 4 years though - best call them at Milton Keynes or speak to the Dealer.

Thinking of ordering a new fl VRS before the vat free deal finishes. The dealer said there is currently a finance deal of 1.5% flate rate over 3 years. Does anybody know if this is only for 3 years or can it be done over 4 years?

I took the 1.5% finance this month. I did ask them if it could be extended to 4 years. the answer was no, for 4 years the apr will be 6.5%.

To get the deal you need to put down 10% deposit.

Remember whilst the flat rate may be 1.5% the APR is 3.6% ................ so do your calculations !

Not sure about 4 years though - best call them at Milton Keynes or speak to the Dealer.

The APR will vary depending on the amount you borrow, APR is pretty meaningless. As someone else said it's 1.5% per year so 4.5% for the entire 3 year term, so if you're financing £10k you'd get charged £450 in interest, plus the extra charges they add onto the agreement which from memory are £120 with the first payment and £60 with the final payment.

People pay far much attention to APR, just look at the base rate and the total amount payable they are much more important when financing a car.