Finance

[M100man]

Yes mate. Im booked in for 1pm. You decided on colour yet?

I’m booked in for 1pm as well . See you there !

 

[Tommyboy1986]

Yes mate. Im booked in for 1pm. You decided on colour yet?

How did you get on yesterday have you any update or info that we don’t all ready know ?

 

[Tommyboy1986]

HI Gemolack
I assume you're at B&C then. What time are you there? I'll be there between 10 and 11 AM. Might see you there!

How did you get on yesterday have you any update or info that we don’t all ready know ?

 

[Gemolack]

How did you get on yesterday have you any update or info that we don’t all ready know ?

Tuesday I’m there mate

 

[New to Lotus]

I hope they keep the 50/50 0% Apr deal as an option this would get a lot of cars sold. 5.9% is just a copy of the porsche deal which they openly admitt they are focused on as there main competitors, the problem with this is it has to be a comparable total package at the moment lotus emira is an unknown in terms of dealer support quality of product and residual values, just because there is a lot of expectation in the emira you still need to sell it. Come on lotus get a really good finance deal in place that gets them sold.

 

[Leonard]

I hope they keep the 50/50 0% Apr deal as an option this would get a lot of cars sold. 5.9% is just a copy of the porsche deal which they openly admitt they are focused on as there main competitors, the problem with this is it has to be a comparable total package at the moment lotus emira is an unknown in terms of dealer support quality of product and residual values, just because there is a lot of expectation in the emira you still need to sell it. Come on lotus get a really good finance deal in place that gets them sold.

My local dealer said they are mirroring everything Porsche Inc finance at 5.9% which is more than a little optimistic given that Lotus isn't Porsche Baby steps!

 

[New to Lotus]

I agree nothing wrong with wanting to be porsche but they are way of that yet cayman gts has very good residuals to back that finance product nobody knows what the residual value of an emira will be and won't for a while. I also think the dealer network is going to be a real problem.

 

[fatjase]

I agree nothing wrong with wanting to be porsche but they are way of that yet cayman gts has very good residuals to back that finance product nobody knows what the residual value of an emira will be and won't for a while. I also think the dealer network is going to be a real problem.

When I was speaking to the Sales Manager from Lotus (not the dealership) he said 5.9% without confirming it "officially" and he was very committed in his comments about residual values being strong and supported by the finance partner (FCA). I don't think they are under any illusion that they need to steal Porsche market share and to do that the residual is a key factor. I fully expect the residual will be as good as the 718 Cayman GTS 4.0 but probably not as strong as the residual on the 718 Cayman GT4. Time will tell and hopefully in November they will put us out of our misery.

 

[Magicman]

Who takes out finance at 5.9% when it's available on the High Street for 2.9%....
It needs to be the pay half now and the rest on 0% in 12 months type deals of the past to even interest me.

Could also ask who on earth puts 40k of their own money into a liability when it could be earning a good return elsewhere!

 

[Leonard]

Could also ask who on earth puts 40k of their own money into a liability when it could be earning a good return elsewhere!

What you lose on the 40k though you gain on the other 40k...

 

[Magicman]

What you lose on the 40k though you gain on the other 40k...

Guess it depends how long your thinking of keeping the car as after the 12mths you have the other 40k to put in

 

[Leonard]

Guess it depends how long your thinking of keeping the car as after the 12mths you have the other 40k to put in

If I recall it was 50/50 over 2 years. So happily pay 40k and then trade in, sell after 24months. If it was a keeper then that other 40k could as you say been working for you in meantime offsetting the overall cost

 

[TomE]

….nobody knows what the residual value of an emira ….

Not strictly true, the finance houses will define the Guaranteed Future Value for the finance packages. Although not the same as the residual there’s a strong correlation.

I heard a rumour the Emira GFV% will be slightly lower than the GTS 4.0 but above the Evora.

 

[DJS]

I doubt very much that the 50/50 0% offer will be given on the Emira due to its high demand so if financing it looks like you’ll need a large deposit to keep them monthly costs down otherwise like someone said before it will be mortgage money.

 

[Tommyboy1986]

Cars depreciate so
Enjoy them and not worry .
Houses appreciate so buy them to pay for your enjoyment with your depreciating asset !

 

[Leonard]

Cars depreciate so
Enjoy them and not worry .
Houses appreciate so buy them to pay for your enjoyment with your depreciating asset !

I need more money....

 

[Tommyboy1986]

I need more money....

We all do , but the money is made on the purchase Buy right then you will be sorted .

 

[Leonard]

We all do , but the money is made on the purchase Buy right then you will be sorted .

I know. I should be buying a house with this 80k but I want the Emira now.. Figure I can keep for at least a year and them be sensible