Discovery 2017

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  • simonej
    Member Since: 01 May 2017
    Location: Wakefield
    Posts: 39
     

    LR Finance interest rates

    Hello all! D4 HSE Lux owner from the other site here - just have a quick question as I'll be looking to change (probably) to a D5 in six months or so.

    Land Rover quote an interest rate of 6.9% on their finance examples but I was just wondering what people have been able to achieve from the dealers? I know the dealers really don't have to work hard to sell the cars these days so it would be interesting to see whether 5% is achievable or whether they're fixed at the rates they quote.

    My D4 was my first venture into the world of PCP but it didn't take too much effort to get the rate down to 4% (not a main dealer).
    1st May 2017 8:47 pm
  • J77
    Member Since: 07 Jun 2016
    Location: Fife
    Posts: 1008
    Scotland 

    I used Santander for my one they were 5.9%
    18MY Velar R-Dynamic SE D240 Fuji White
    1st May 2017 9:23 pm
  • JackW
    Member Since: 01 May 2017
    Location: Roswell, Georgia
    Posts: 22
    United States 
    2017 Discovery Td6 HSE Fuji White

    Interest rates here in the United States at a local Credit union are currently 1.9%
    1st May 2017 9:24 pm
  • winger
    Member Since: 19 Mar 2017
    Location: Somerset
    Posts: 205
    United Kingdom 
    2017 Discovery Td6 HSE Aintree Green

    Lloyds are offering 4.2%, or were last week. Though I think you need to be a customer of the bank.
    1st May 2017 9:24 pm
  • simonej
    Member Since: 01 May 2017
    Location: Wakefield
    Posts: 39
     

    1.9% would be helpful! Very Happy I did actually wonder about borrowing the money off my mortgage (which is about the same rate or thereabouts) and then overpaying every month.

    J77, did you try and haggle with the LR dealers on the rate or did you just go straight to a non Land Rover provider?
    1st May 2017 9:28 pm
  • simonej
    Member Since: 01 May 2017
    Location: Wakefield
    Posts: 39
     

    winger wrote:
    Lloyds are offering 4.2%, or were last week. Though I think you need to be a customer of the bank.


    Thanks! Showing 4.6% now but between that and the LR rate would be about £70 a month difference! Can't believe people are paying out at 6.9%!
    1st May 2017 9:33 pm
  • J77
    Member Since: 07 Jun 2016
    Location: Fife
    Posts: 1008
    Scotland 

    No I just went straight to Santander, the dealer was pretty good with part ex and adding service pack to the new car, I didn't want to push my luck, though I've dealt with the same salesman/dealer for 10 years so I don't suppose it would've been too hard.
    18MY Velar R-Dynamic SE D240 Fuji White
    1st May 2017 9:38 pm
  • winger
    Member Since: 19 Mar 2017
    Location: Somerset
    Posts: 205
    United Kingdom 
    2017 Discovery Td6 HSE Aintree Green

    I am not sure that they are able to offer an alternative product any longer. My local dealer is certainly frustrated at the LR Finance interest rate, as they are losing finance business as a result (with the associated loss in commission). Crazier still, Lloyds back LR Finance!
    1st May 2017 9:41 pm
  • S2bear
    Member Since: 27 Mar 2017
    Location: London
    Posts: 48
    United Kingdom 
    2017 Discovery Td6 HSE Corris Grey

    Dealer wouldn't budge after several attempts, so

    Went to Lombard and they charged 4.2%. Makes a big difference.
    2nd May 2017 10:44 am
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