Dacia Duster Finance Example
admin
Dacia Duster Finance Example
The Dacia Duster has carved a niche for itself as a budget-friendly SUV offering surprising capability. One of the key factors driving its popularity is its affordability, which extends to financing options. Let's explore a hypothetical finance example to illustrate how you might acquire a Duster. Assume we're looking at a new Dacia Duster Essential, priced at £17,295 (this is just an example; prices vary based on trim, options, and dealer). We will explore a Personal Contract Purchase (PCP) finance option. **Scenario:** * **Vehicle:** Dacia Duster Essential * **On-the-Road (OTR) Price:** £17,295 * **Deposit:** £3,000 * **Finance Term:** 48 months (4 years) * **Annual Mileage:** 8,000 miles * **Interest Rate (APR):** 7.9% (This is a representative example, actual APR will depend on your credit score and the finance provider's current offers) **Calculations (These are estimates and should be verified with a finance provider):** * **Amount Financed:** £17,295 - £3,000 = £14,295 * **Monthly Payment:** (This calculation involves complex formulas used by finance companies, but it's generally estimated to be between £250 and £350 in this scenario. A finance calculator online can give a more precise figure.) * **Optional Final Payment (GFV):** £7,000 (This is the Guaranteed Future Value, estimated by the finance company based on the vehicle's predicted worth at the end of the agreement, considering mileage and condition). **Explanation:** With a £3,000 deposit, you'd finance the remaining £14,295. Over the 48-month term, you'd make monthly payments. A crucial element of PCP is the Optional Final Payment, also known as the Guaranteed Future Value (GFV). This is the predicted value of the car at the end of the agreement. **At the end of the 48-month term, you have three options:** 1. **Return the Car:** You simply hand the car back to the finance company, provided it's within the agreed mileage and in good condition (fair wear and tear accepted). You won't need to pay the Optional Final Payment. 2. **Purchase the Car:** You pay the Optional Final Payment (£7,000 in this example) and own the car outright. You might need to take out another loan to cover this payment. 3. **Part-Exchange:** Use any equity (the difference between the car's market value and the Optional Final Payment) as a deposit on a new car. **Important Considerations:** * **APR:** The Annual Percentage Rate (APR) represents the total cost of borrowing, including interest and fees. A lower APR means lower overall costs. Shop around and compare APRs from different finance providers. * **Credit Score:** Your credit score significantly impacts the APR you'll be offered. A good credit score typically results in lower interest rates. * **Mileage Limits:** Exceeding the agreed annual mileage will incur excess mileage charges at the end of the agreement. * **Wear and Tear:** The car must be returned in good condition, otherwise, you may face charges for repairs. * **Hidden Fees:** Carefully review the finance agreement for any potential hidden fees or charges. * **Affordability:** Before committing to a finance agreement, ensure you can comfortably afford the monthly payments and other associated costs like insurance, road tax, and maintenance. This example is illustrative and specific figures will vary. Always obtain personalized quotes from reputable finance providers before making a decision about financing a Dacia Duster. Research and compare options to find the best deal that suits your financial circumstances. Remember to thoroughly understand the terms and conditions of any finance agreement.
1200×604 dacia duster behance from www.behance.net 
375×211 dacia finance dacia cars dacia uk from www.dacia.co.uk 
1260×710 dacia duster finance deals announced carbuyer from www.carbuyer.co.uk 
1400×990 dacia duster concept behance from www.behance.net 
736×490 dacia duster tuning dacia duster project born from www.pinterest.com 
1600×1065 dacia launches duster commercial uk carscoops from www.carscoops.com 
1600×1028 dacia duster reaches unit production milestone spare wheel from www.spare-wheel.com 
1600×900 dacia duster interior hd wallpapers hd car wallpapers from carwallbase.blogspot.com 
1920×1280 dacia duster fiskal light commercial vehicle carscoops from www.carscoops.com 
975×555 dacia duster awesome page rms motoring forum from rmsmotoring.com 
808×632 dacia dusterba thesis maked renault rdcerbds behance from www.behance.net 
953×784 cost effective dacia duster road test wheels alive from www.wheels-alive.co.uk 
3000×1997 dacia duster commercial priced ps autoevolution from www.autoevolution.com 
