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Mca71



Member Since: 25 Sep 2018
Location: Uk
Posts: 10

Finance, deposit and early termination

Hi everyone,

anyone got experience of Finance deals with JLR? There is 4K deposit contribution but only if you take the finance. I have the cash sitting there - anything to stop me taking the finance and clearing it straight away to get the deal?

The dealer will not discount on a cash deal and is aware I will ask to clear this straight away. I have to borrow a lot of money and don’t want tied in to something that costs me double the contribution over the course.

Any thoughts?

Thanks,

Post #529048 25th Sep 2019 2:27pm
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cass



Member Since: 12 Oct 2011
Location: northumberland
Posts: 208

United Kingdom 2011 Range Rover Vogue SE 4.4 V8 Galway Green

Details should be in the small print on the finance forms, normally a certain number of months before you can pay off the balance. I can't speak for Landrover finance but I've taken advantage of this many times with other brands to get 3 years free servicing or anything else they happen to be giving away.

Post #529057 25th Sep 2019 3:16pm
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Mca71



Member Since: 25 Sep 2018
Location: Uk
Posts: 10

Thanks, I spoke with finance and I would be up for a couple of months interest but still worth it

Post #529073 25th Sep 2019 5:17pm
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Red Merle



Member Since: 19 Sep 2016
Location: Liskeard
Posts: 1577

United Kingdom 2017 Range Rover Autobiography SDV8 Aintree Green

A lot of people do exactly what you’re planning to do. I did a version of the same with my first Disco 4 👍 2011 FL2 TD4 XS Kosrae Green
2012 FL2 TD4 HSE Firenze Red
2013 FL2 SD4 HSE Lux Firenze Red
2015 D4 SDV6 HSE Firenze Red
2015 D4 SDV6 HSE Lux Aintree Green
2017 FFRR SDV8 AB Aintree Green (now running 20’s Smile )
& 2013 Tiger 1200

Post #529084 25th Sep 2019 7:11pm
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DrRob



Member Since: 16 Apr 2015
Location: Hampshire
Posts: 824

United Kingdom 2011 Range Rover Vogue SE TDV8 Buckingham Blue

Father in law did same on his car. Paid it off after 2 months. Meant we got all the benefits of a good deal. I personally like to hammer the sales guys to the limit Rolling with laughter Rolling with laughter Censored Censored 2011 4.4 TDV8 Vogue SE Buckingham Blue
1993 200 Tdi Range Rover Classic - labour of love
--------------------------------------------------
2012 SDV6 Range Rover Sport - gone
2012 Freelander - gone
Series 2A V8 Lightweight - gone
1952 80" - gone
1949 80" - still in family since 1975

Post #529093 25th Sep 2019 7:45pm
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Dixy



Member Since: 09 Apr 2009
Location: Somerset
Posts: 659

2016 Range Rover Vogue SDV8 Loire Blue

Isnt there a 14 day cooling off period, so settle on day 1 and no cost. letters not necessarily in the right order

Post #529102 25th Sep 2019 8:26pm
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Red Merle



Member Since: 19 Sep 2016
Location: Liskeard
Posts: 1577

United Kingdom 2017 Range Rover Autobiography SDV8 Aintree Green

At which point the agreement would be cancelled and the deposit contribution would need to be returned.

The interest incurred over a couple of months will be small beer in comparison Thumbs Up 2011 FL2 TD4 XS Kosrae Green
2012 FL2 TD4 HSE Firenze Red
2013 FL2 SD4 HSE Lux Firenze Red
2015 D4 SDV6 HSE Firenze Red
2015 D4 SDV6 HSE Lux Aintree Green
2017 FFRR SDV8 AB Aintree Green (now running 20’s Smile )
& 2013 Tiger 1200

Post #529104 25th Sep 2019 8:35pm
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ilard



Member Since: 21 Oct 2012
Location: London
Posts: 294

United Kingdom 

There’s no reason why you can’t get way more than £4k off a cash deal on a fatty. Shop around and return to original dealer but with optionality in your back pocket.

But if you’re happy with just under £4k then the finance approach you describe if settling a few months in would work just fine. Also, pay the maximum deposit allowed (70% perhaps, can’t remember).

Post #529107 25th Sep 2019 8:53pm
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Mca71



Member Since: 25 Sep 2018
Location: Uk
Posts: 10

Thanks guys, spoke to JLR finance today and all doable. Having driven BMW’s for 15 years, looks like I will be picking up my first RR... 18 plate autobiography at the weekend. Exciting times.

Post #529111 25th Sep 2019 9:45pm
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Red Merle



Member Since: 19 Sep 2016
Location: Liskeard
Posts: 1577

United Kingdom 2017 Range Rover Autobiography SDV8 Aintree Green

Exciting times indeed! Welcome aboard Thumbs Up

Which engine are you going for? 2011 FL2 TD4 XS Kosrae Green
2012 FL2 TD4 HSE Firenze Red
2013 FL2 SD4 HSE Lux Firenze Red
2015 D4 SDV6 HSE Firenze Red
2015 D4 SDV6 HSE Lux Aintree Green
2017 FFRR SDV8 AB Aintree Green (now running 20’s Smile )
& 2013 Tiger 1200

Post #529125 26th Sep 2019 4:03am
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