Quote:
Originally Posted by JLR1969
Sainsburys loan at 3.1% approved then found out that as a Nationwide customer they will beat any loan approved by 0.5% so the APR is reduced further to 2.6%
Not a bad result APR reduced from 4.9% with BMW to 2.6% with Nationwide
Increased deposit so total interest on the car over 4 years is £1079!!!!
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Good result.
So although it's "cost" you £12k of savings, you've managed to get your monthlies down to nearly what they are now, and you'll own the car after 4 years.
Btw, just a point on pcp, don't forget you can voluntary terminate thus ending your agreement earlier ..... therefore you are not paying quite as much interest overall.
