Category Archives: General

Selling Cars Privately

A bit of a ramble about selling cars privately via the usual online options; eBay, Autotrader, Pistonheads and the Facebook Market Place.

We’ll start with the most expensive, Autotrader. The charge was £56 for the premium option, for which they achieved around 1000 views and 4 phone calls. I only took 1 phone call, however and a host of emails. The result – not even 1 viewing. Continue reading Selling Cars Privately

Ultimate Garage

The ultimate garage is a petrol heads dream and must feature on any self-made millionaire’s ‘to-do’ list. Having read a number of forums and watched several TV shows on this subject, it seems the Ultimate Garage is more of a showroom. From Jay Leno’s garage to Nick Mason’s collection, they are all extremely impressive and I am very envious, but, where is the car lift and the tool boxes? Continue reading Ultimate Garage

Buying and Selling Cars

Our Classifieds section is now live, it’s currently in a basic form but functionality will be added over the coming months.

To assist; here are guides on Buying and Selling

I’ve always wondered about car finance/lease/pcp and the reason why so few people review the rates of bank loans prior to this. For example – VWFS (Volkswagen Financial Services) who provide finance for Porsche also; are quoting 12% APR on a £25k car on their approved used site.

For a 48 month duration, HSBC will provide £25k at 3.9% APR, which translates into £562.60 pm and a total payment of £27,004.73 over 4 years. There are no additional booking fees on top of this.

The VWFS example on a £25k car is £580.29 pm, deposit of £2,499.90, acceptance fee of £155, option to purchase fee of £60 and a total amount of £30,568.82 paid.

Therefore a £3.5k saving with a bank loan – Worth considering ;-).