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Old 03-01-2006, 04:31 PM   #1 (permalink)
Domenic
Senior Member
 
Car: 2006 300c SRT8
Join Date: Nov 2005
Member Number: 3876
Location: Melbourne, Australia
Trader Rating: (0)
Posts: 687
Good finance deal

I thought this might be a good subject to help each other out, re paying for our lovely beasts.

My situation is I am going to finance the whole amount with my srt8, it's a chattel mortgage going in company name so we get the $8400 (or thereabouts) GST back off first BAS payment. I am doing this to balance the company's cashflow considerations, our level of taxable expenses, and the overall price i am going to pay for the car.

I have rung about a bit, and have managed to get the following. So far.

Ok, both Esanda and CBFC have agreed to waive all setup fees to start the loan. There is a $6.20 VSR fee, which i will pay up front. I am doing it over 4 years with no residual, and both have quoted me 6.95% which give me a monthly payment of $1998 (give or take a few cents). Early payout fee for both is capped, with Esanda capping theirs at $300 and CBFC something slightly less (but unconfirmed).

I have spoken to DC finance and he couldn't get close. Likewise BMW finance, no go. These are the only four i have spoken to up till now.

If anyone can get better than that let me know, otherwise if you haven't got the above then push your finance co a bit and you should be able to get better no probs. If i get better than the above then i will let you know, but i think i've been offered a fairly good package right there. Let us know how you all go.
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