Interest Rate Increase?

AlexR

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Hi all

Just about to take delivery and the interest rate has gone from 5.9% to 6.9% (what used to be for used vehicles). Really grateful for UK members to confirm who they are financing through and at what rates? Thanks in advance!
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Gnasher

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I’m hoping to take delivery next month and Porsche offering 6.9% too. I’m waiting on a call back from Halifax who indicated 4.9% but not sure if that would be personal loan rather than company owned…
 
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AlexR

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Try ClydesDale but I think that's personal only.
 

MTGBUK

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Porsche is currently at 6.9%. With the recent announcement from the BOE to raise interest rates. I fully expect Porsche to do the same.
 
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AlexR

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ClydesDale was just shy of 5% with some competitive tension. I can make the intro if you pm.
 


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ClydesDale was just shy of 5% with some competitive tension. I can make the intro if you pm.
My car arrives at dealer Monday and I should take delivery Wed/Thu. I popped in and signed the final paperwork for the finance on Tuesday, and I have it at 5.9%. I arranged the finance 2 months ago… so can’t tell whether the rate was locked then or when I signed on Tuesday. Certain the date you sign is more important than the date you take delivery though.
 

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Just so anyone knows my dealer told me that the rate is going up 0.5% at the end of the month to 7.4%
 
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AlexR

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Clydesdale is the way forward!!
 


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The rate is def the rate when you signed up and got the provisional acceptance.
 

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ClydesDale was just shy of 5% with some competitive tension. I can make the intro if you pm.
When I am closer to my delivery date I will let you know!
 

Sidicks

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The rate is def the rate when you signed up and got the provisional acceptance.
For sure the rates will only be guaranteed for a limited period.
 

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Hi all

Just about to take delivery and the interest rate has gone from 5.9% to 6.9% (what used to be for used vehicles). Really grateful for UK members to confirm who they are financing through and at what rates? Thanks in advance!
Sounds like you didn’t get the finance sorted when you put your order in?
 

Sidicks

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I got my acceptance last Sep, taking delivery within the next week without any change to the numbers.
Fair enough. However if you read the small print I'm sure they will be able to change the rate after a certain period, if they choose to.
 
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AlexR

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I 100% got the finance sorted (or at least thought I had!) but the rate was not locked-in. Still, Clydesdale beat 5.9% by some degree, so it ended well. I am surprised that they are honouring 5.9% still, would like to see that 100% confirmed.
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