Foz wrote: Fri Apr 10, 2020 10:43 am
They are dreaming if they think prices ain’t going downwards rapidly.
Also Jobson may be able to confirm but hearing lease purchase is the next issue- buyer liable for the baloon, regardless of the value. No longer days of pcp style hand back and walk away. A favourite of McLaren and the likes of oracle finance, who cold called me yesterday out of interest
I had a non regulated variable rate lease purchase on my E92 M3 in 2008 it was a great product as I benefitted from the drop in interest rates post crash. The lease (monthlies) stay the same but the settlement figure and balloon reduce with interest rates.
I understood the product and yes I was liable for the balloon.
My understanding is that these products can't be bought or sold to normal individuals anymore due to regulation.
High Net Worth and Commercial only.