Anyone know if 0% finance on Fabias will be returning in the near future? Usually around the time of the new reg plate they bring it out for a few months but nothing this time :confused: Best my dealer could do was 5.5% APR which I guess beats most banks and loan companies?

Are you sure that's not flat rate?

5.5 APR for HP - Rip his arm off!!

As robbo says, I think 5.5 would be the flat giving you around 10% APR (Guessing from experiance)

5.5 is pretty good for a bank loan at the moment and HP is always a bit dearer as it gives you slightly better rights.

Don't be too suckered into 0% deals as they may not always be as 0% as you think!! You might find you don't get such a good deal as the margins may be reduced to pay for the 0% - Very little is free in this world.

Also with the dealer finance you always pay the setup fee and final payment fee this can cost you an extra

Try black horse loans online I'll find a link and be back in a mo

No good cheapest I could find was 5.7%

try here and see what you get

http://www.moneysupermarket.com/loans/

Always go for a fixed rate so you know what you will be paying every month

DONT USE DEALER BASED FINANCE. GET A PERSONAL LOAN. You will get ripped by the dealer finance+Set up fees, redemption penalties ...etc

Also with the dealer finance you always pay the setup fee and final payment fee this can cost you an extra

Thanks for your replies. I will check out what the 5.5% rate actually is (APR or flat) and if there are any set-up fees. I might hang on a bit and wait to see if the 0% Skoda finance returns as i'd rather pay a little more initially for the car, than pay interest charges for the next 36 months to some finance company.

I've just check the Skoda site and they do in fact charge some fees -

1st Monthly payment (inc. fee

Stu, you beat me to the reply on that one, always read the small print as the dearler generally does not mention these fees when you sign up.

Also if you can get a good deal from the bank/other loan company ask the dealer if he can beat it {dont let him match it} they should at least have a go, it mayu work out cheaper even with the additional fee structure, or they may knock some more off the car ;-)

Always worth a try in my book.

so how does skoda's finance compare with the loan companies then ?

fairly favourable, but you can get cheaper (look for 5.7% apr or lower)

5.6% APR from www.northernrock.co.uk

Your rate may depend on your circumstances too, such as age home owner CC debt etc.

Your rate may depend on your circumstances

You've been watching too much day time tele

Chris

You've been watching too much day time tele

Chris

There's always one, I thought when I typed it should I put a witty ditty but I thought I'd give you something to write Chris

There's always one, I thought when I typed it should I put a witty ditty but I thought I'd give you something to write Chris

So thoughtful!

Chris

It's been a few years since I've had finance on a car but I've never paid anything like

If you haggle for the price of car, then try haggling the APR on the finance. The dealer will be getting a cut same as on the car. Just had a look at yescar credit, 19.9%.....!

AndyC

If you haggle for the price of car' date=' then try haggling the APR on the finance. The dealer will be getting a cut same as on the car. Just had a look at yescar credit, 19.9%.....!

AndyC[/quote']

Yes car credit!!!!!!!!!!!!! Only idiots buy cars from them

If you haggle for the price of car' date=' then try haggling the APR on the finance. The dealer will be getting a cut same as on the car.

AndyC[/quote']

Yep, thats what I did.

I looked on the net to find reasonable amount I wanted to pay for the Fabia, and a reasonable amount I wanted for the trade-in, and worked out the price to change.

I then put this price into loan calculators on the net with good finance rates which gave me an amount I wanted to pay per month.

I then told the dealer this amount and let him work out where he could make the savings (extra for the trade-in/ money off the Fabia/ low APR).

His initial rate was

Well done. Have you ordered? What spec?

I got 0% on mine but it was a bit of a DIY bodge job. I needed 8k so applied for 2 credit cards offering 0% for 9 months. Each gave me 5000 limit so I transfered all to my bank - used 8k for the car and put the other 2k in a savings account (so in effect I am actually getting paid for borrowing the money).

It's a bit of hassle changing every 6/9/12 months but it is acheivable. I've done it on my cars for about the last 5 years. MBNA are particularly friendly!

I did look into getting a loan to save the hassle. Northern Rock were about the cheapest at the time at 5.7% but there were stories about them not always giving this rate. Notice the 'TYPICAL APR' i.e. 'if you are lucky rate' quote on the adverts. And if you do apply and you are offered a too high rate. The fact you applied would mean a credit check which may effect the next application you try...

Steven

I ended up with a loan from Northern Rock at the advertised rate of 5.7%. Usually the rate decreases the more you borrow. I borrowed

Well done. Have you ordered? What spec?

Yep, getting a standard silver one on Thursday

It really belongs to the missus, but I suggested she get a Fabia and I did the haggling, therefore it's mine too :P

I'm not pretending that I got as good a deal as I could of had I ordered a car on the net and then got a 5.7% APR loan too, but since she's only just graduated and been in her job a month, we thought it was better to go with Skoda finance as they were offering her finance where some of the lower rate ones wouldn't have.

Also as someone else said the dealers get a cut from the finance company so this gives them a bit more to play with to reduce the cost of the car.

I think the rate we ended up with was 7.4% which ain't too bad (if only I hadn't been so naiive when I took out 10.9% Volkswagen finance!), and we're only paying a few quid more per month than we would have if we sorted it out seperately. For the piece of mind of knowing the money will be in the right place at the right time it's not too big a price to pay!