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Home > General > How do you finance your RRS? Poll.
How do you finance your RRS?
All cash.
61%
 61%  [39]
Leasing deal.
1%
 1%  [1]
PCP or other similar product.
22%
 22%  [14]
Bank loan, dealer or other finance.
12%
 12%  [8]
Something else: explain on topic.
1%
 1%  [1]
Total Votes: 63

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Stuart



Member Since: 18 Oct 2013
Location: Manchester
Posts: 554

United Kingdom 2006 Range Rover Sport TDV6 HSE Java Black

Darbs wrote:
They also said only five percent of their cars are paid for outright.


Yet, 55% here say they do that. Shocked

I am not seeing the benefit of dropping a huge lump of wonga down on something that will drop in value like a stone the moment you drive it out of the showroom and continue to do so. Isn't it better to use the £ for more productive things and cough up £225 a week on a lease deal? Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.

Post #535824 Mon Sep 18 2017 8:01pm
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Tyrefitter



Member Since: 19 Jul 2015
Location: East Yorkshire
Posts: 1695

United Kingdom 2013 Range Rover Sport Supercharged Autobiography Fuji White

Stuart wrote:
Looking at the poll results, I'm surprised how few do leasing.

On Lings, the RRS starts at £2600 down and £890 a month, over 4 years inc road tax.

How does that compare with the costs for you folks who are not all-cash buyers?


To be honest that sounds better than paying cash,,when my14 AB was new it would have been about 82-84k & now it's worth about 44-48k so when it's 4 year old it will be worth about 40k so 42-44k loss against your £2600 down & £890 a month works out at just over 45k so no difference really if I'd have bought new in 14.
Ive got a guy pestering me to sell him mine at 48.5k tomorrow & I paid £60.844 13 month ago so if I sell tomorrow ive lost £13,344 a grand a month,,I'm thinking leasing is probably best option next time & use my cash for something else.

Andy. 2014 RRS SC santorino,coris roof.
2016 VW Amarok Highline,candy white
2014 Evoque D-Lux Fuji
Previous motor.
2014 RRS AB FUJI
2012 RRS Dynamic red edition Fuji
2012 RRS SE santorino
2015 Navara White
2008 RRS white TDV8
2007 RRS black TDV8
2002 RR Vogue
1996 P38 2.5 HSE.

Post #535827 Mon Sep 18 2017 8:14pm
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Darbs



Member Since: 03 Dec 2015
Location: Cheshire
Posts: 81

United Kingdom 

Stuart wrote:
Darbs wrote:
They also said only five percent of their cars are paid for outright.


Yet, 55% here say they do that. Shocked

I am not seeing the benefit of dropping a huge lump of wonga down on something that will drop in value like a stone the moment you drive it out of the showroom and continue to do so. Isn't it better to use the £ for more productive things and cough up £225 a week on a lease deal?


I only buy outright because I am a contractor and you never know if you are going to be out of work. Interest rates are no good at the moment,so it's hard work getting a decent return on your money.

Post #535830 Mon Sep 18 2017 8:39pm
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Stuart



Member Since: 18 Oct 2013
Location: Manchester
Posts: 554

United Kingdom 2006 Range Rover Sport TDV6 HSE Java Black

I totally get it from a contractor point of view. Money pours into your bank for a few months then you might have three months of nothing. In that situation, especially with dire interest rates, I'd probably do an outright buy or a big deposit deal.

In my case, we sell online, we have seasonal fluctuations, but money pretty much drips in 365.

Last time I bought it was £15k, I could manage that. But looking at the new shape, £40k seems entry level. Thats a lot of wonga to slap down in one.

I'm not eager to drop a load of already earned money on a fast depreciating item that I could use for developing and launching new product lines. I'd rather take the lowest monthly cost into ownership route. Why I am looking at leasing.

What I am trying to work out is is dropping say £10k in readies, an £8kish PX and a low cost loan cheaper ongoing than using a leasing type of deal. Or is dropping £2600 down and £860 a month better value?

Or even maybe wait 12 months while values fall, save up a bit and buy outright. Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.

Post #535912 Tue Sep 19 2017 8:04pm
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james5599



Member Since: 14 Jun 2009
Location: london
Posts: 291

United Kingdom 

I did 40 grand dipper in on my SVR .
That was the max permissible deposit.

Could I have funded it entirely , yes , would I prefer to use someone else's money - definitely 😂 2017 Svr and 2018 Svr 😂

Post #535920 Tue Sep 19 2017 9:25pm
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Tim in Scotland



Member Since: 30 May 2005
Location: Driving along in my automobile
Posts: 16507

2013 Range Rover Sport SDV6 HSE Stornoway Grey

My current RRS is on an LR PCP but have bought cars using bank loans and even HP (low low rate compared to the loans and PCP when I did it) and once paid on my personal Platinum Amex Card to get 55,000 points that at the end of the year I can donate to a charity via Amex - I give mine to Great Ormond Street Hospital annually. Dealer agreed to it but the trader fees for them to Amex were high....... I was buying a completely new launch car so couldn't get any discount so it cost the dealer in another way. I was surprised that they agreed to it. The interest free period gave me more time to look round for better finance deals than LR were offering too. I think the last car I paid cash for was my first car - a Ford Fiesta 1.1L bought from my Mum! 2018 Melting Silver Mini Countryman PHEV - a test car before Seeing if I could go to totally Petrol/Diesel free motoring
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

Post #535932 Tue Sep 19 2017 11:28pm
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SRE



Member Since: 16 Jan 2010
Location: Alicante Prov Spain + Hampshire UK
Posts: 2116

Sorry Tim, but I have to ask, would your Mum not give you credit ? Rolling with laughter Rolling with laughter In Spain - 2018 F Pace - Down and out's Velar
In UK - Not saying, but its NOT a Muddy Milk Float.
Gone - Several Lode Lane vehicles
- Beta User

Post #535953 Wed Sep 20 2017 9:29am
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Stuart



Member Since: 18 Oct 2013
Location: Manchester
Posts: 554

United Kingdom 2006 Range Rover Sport TDV6 HSE Java Black

So after some deliberation, I decided to go into a new shape for all money early next year, and here's why:

*I like to register my cars to a third party company I have for that purpose to avoid bureaucracy and nonsense (much of that nowadays).
*I use a 3rd party trade multiple vehicle insurance cover - always have - and dont want to fork out for fully comp to suit some finance company.
*I dont want to be at the mercy of some finance company at the end of a lease while we bicker over any and every scratch and detail and/or mileage charges.
*I'm old school - I like to own things.

So £35k seems entry level buying from LR with a warranty now. By early next year the pool of cars will widen at that money from what they are now. As these cars are notoriously unreliable, I think a dealer warranty is a must. At least I'll get a couple of years with someone else picking up the big bills that way.

My old one is no longer a PX, it seems to work and my wife has baggsied it .

I'd buy something else more reliable but nothing really seems to compare. I dont fancy one of those Porsche things that look like a frog, or the Audi one as it looks, well... meh.

Like an iPhone, the RRS seems to be the only thing worth considering in the niche.

So I am saving up, £5k is in the pot already after a short time, I'll find £10k from under the mattress, flog off an older car we have, and even if I use a modest general loan to help out, we'll soon be there without much pain....... Thumbs Up Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.


Last edited by Stuart on Tue Nov 28 2017 12:47am. Edited 1 time in total

Post #541908 Sun Nov 26 2017 11:38pm
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riverblanche



Member Since: 11 Jun 2011
Location: Retford'ish
Posts: 526

United Kingdom 

Good luck with your purchase.

But when you say “L/R warranty and some one else picking up the bills for couple of years”!!!!!
Those two comments don’t fit together very well going on some of the recent threads
Crank Failures !!!!!! Corris HSE Dynamic 2016

Always pick up stick in the middle !!

Post #541912 Mon Nov 27 2017 12:06am
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Stuart



Member Since: 18 Oct 2013
Location: Manchester
Posts: 554

United Kingdom 2006 Range Rover Sport TDV6 HSE Java Black

I might have to start reading the warranty topics more closely now. Are they squirming out of honouring their own warranty? Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.

Post #541928 Mon Nov 27 2017 11:51am
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Tyrefitter



Member Since: 19 Jul 2015
Location: East Yorkshire
Posts: 1695

United Kingdom 2013 Range Rover Sport Supercharged Autobiography Fuji White

Yes Stuart,,i sold my14 AB about 8 weeks ago,,customer had it 2 weeks with about 10 months LR approved warranty still remaining & they are refusing to cover now the crank has snapped,,they are wanting 22k for new engine.

Andy. 2014 RRS SC santorino,coris roof.
2016 VW Amarok Highline,candy white
2014 Evoque D-Lux Fuji
Previous motor.
2014 RRS AB FUJI
2012 RRS Dynamic red edition Fuji
2012 RRS SE santorino
2015 Navara White
2008 RRS white TDV8
2007 RRS black TDV8
2002 RR Vogue
1996 P38 2.5 HSE.

Post #541929 Mon Nov 27 2017 11:58am
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Stuart



Member Since: 18 Oct 2013
Location: Manchester
Posts: 554

United Kingdom 2006 Range Rover Sport TDV6 HSE Java Black

Yes, I've found the topic now and replied there. Thanks.

It is making me reconsider, I like stuff that works without pain. And if it does break, a painless and fast fix. The automotive version of a Sebo vacuum or an iPhone really.

I can't say I'm overjoyed reading the crank story. What else are we all buying instead? Get a 2005-2009 RRS (FAH500210) sat nav/dash mat here - the one that wasn't there when you bought the car.

Post #542024 Tue Nov 28 2017 12:47am
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Tim in Scotland



Member Since: 30 May 2005
Location: Driving along in my automobile
Posts: 16507

2013 Range Rover Sport SDV6 HSE Stornoway Grey

Not as big as an RRS and it will fit in my garage which no modern Land Rover does, i’ve Just placed an order for the new Mini Countryman PHEV after an extended (96 hour) test drive - quieter than my L494 in both electric and petrol modes, 60mpg on petrol, 26 miles on electric only, very comfortable seating and the suspension beats any steel sprung Land Rover hands down. I don’t carry many passengers or tons of gear in the boot but the rear seats get family approval for comfort and ease of access and the boot is quite bi enough for me. £10 a year VED, no Rich Bastard Luxury Car Tax and the batteries charge in 2.5hours from a 13 amp socket and <30 minutes on a public rapid charger, I can also recharge using my home solar array and not stop exporting to the grid on a brighter day........... That is what i’m Replacing my totally reliable 2015.5MY with in April 2018, only because LR refuses to allow their insurer to cover the crankshaft issue.......... 2018 Melting Silver Mini Countryman PHEV - a test car before Seeing if I could go to totally Petrol/Diesel free motoring
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

Post #542038 Tue Nov 28 2017 10:44am
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