Poll

How did you finance your new purchase?

Cash - outright
49 (49.5%)
Bank loan
6 (6.1%)
HP
6 (6.1%)
PCP
9 (9.1%)
PCH
1 (1%)
Stole it!
2 (2%)
Rather not say
2 (2%)
Finance to start - intention of paying off early
22 (22.2%)
Motability
2 (2%)

Total Members Voted: 96

Author Topic: ..Just out of interest how did you finance the purchase of your new Jazz / HRV?  (Read 7828 times)

JJazz

  • Approved Member
  • *
  • Posts: 177
  • Country: england
  • Exiled Scot
  • My Honda: 2023 Honda Jazz EX in midnight blue beam metallic
Re: ..Just out of interest how did you finance the purchase of your new Jazz?
« Reply #15 on: October 13, 2021, 11:36:49 AM »
I was P/EX & £795 cash but they gave me a £700 pack I never asked for and got £180 back on my wheel and tyre insurance for my car.
« Last Edit: October 27, 2021, 10:41:28 PM by JJazz »

Lord Voltermore

  • Approved Member
  • *
  • Posts: 1952
  • Country: gb
  • My Honda: 2021 Jazz EX
Re: ..Just out of interest how did you finance the purchase of your new Jazz?
« Reply #16 on: October 27, 2021, 04:59:02 PM »
Interesting.  If we assume  all those who took finance intending to pay off early only did so  to get the servicing package and would otherwise have bought outright,thats over 70%.

 UK average on new cars bought outright is less than 10% .
   
  Trust a dog to guard your house  , but not your sandwich

Kremmen

  • Approved Member
  • *
  • Posts: 4587
  • Country: england
  • Civinfo interloper
  • Fuel economy:
  • My Honda: MY22 Jazz EX
Re: ..Just out of interest how did you finance the purchase of your new Jazz?
« Reply #17 on: October 27, 2021, 05:25:49 PM »
I turned up with the usual intention of buying outright but the salesman explained the minimum finance advantage

Looking at the top graph I'm surprised at all those missing out on the free triple 5 year bonuses.

I'll be paying off the finance after 7 months though to keep the bonus.
Let's be careful out there !

shufty

  • Topic Starter
  • Approved Member
  • *
  • Posts: 719
  • Country: england
  • ...Riding High
  • My Honda: HR-V
Re: ..Just out of interest how did you finance the purchase of your new Jazz?
« Reply #18 on: December 16, 2021, 09:31:20 AM »
...I suppose this should relate to the HRV too now.

Neil Ives

  • Approved Member
  • *
  • Posts: 956
  • Country: gb
  • The day the Internet went down
  • My Honda: Jazz Hybrid EX 2022
Re: ..Just out of interest how did you finance the purchase of your new Jazz?
« Reply #19 on: December 16, 2021, 09:36:10 AM »
Trade-in with cash adjustment. I ticked 'Cash - outright'
« Last Edit: December 16, 2021, 01:23:44 PM by Neil Ives »
Neil Ives

sportse

  • Approved Member
  • *
  • Posts: 1180
  • Country: es
Looking at the terms and conditions for new finance deals with Honda it looks like you only have to finance £5,000 to get the 5 year servicing, 5 year warranty and 5 year breakdown cover.

They have also included a term that you have to pay at least 6 monthly payments before paying off the finance or they will cancel the 5 year extras.

Lord Voltermore

  • Approved Member
  • *
  • Posts: 1952
  • Country: gb
  • My Honda: 2021 Jazz EX
Looking at the terms and conditions for new finance deals with Honda it looks like you only have to finance £5,000 to get the 5 year servicing, 5 year warranty and 5 year breakdown cover.

They have also included a term that you have to pay at least 6 monthly payments before paying off the finance or they will cancel the 5 year extras.
Thats the same as it was in September.
  Trust a dog to guard your house  , but not your sandwich

Geoff_W

  • Approved Member
  • *
  • Posts: 50
  • Country: gb
  • My Honda: Jazz Crosstar Premium Crystal Red Metallic
Only just spotted this thread. I bought my Crosstar last September and chose to take the £5,000 loan with the intention to pay it off after the 6th payment. As others have said, it's a no-brainer to get the 5+5+5 package, especially as I usually pay cash anyway. Also got a good price for my trade-in.

Edit by Admin - removed quote from deleted post
« Last Edit: July 03, 2022, 11:15:31 AM by RichardA »

BROC

  • Approved Member
  • *
  • Posts: 53
  • Country: gb
  • My Honda: MY24 ZR-V Advance
Was going to pay cash outright but my dealer pointed out that by taking Honda Finance I could get the 5 year service/warranty deal. So I took minimum £5k finance and will pay it off after making 6 payments.

« Last Edit: April 10, 2022, 06:49:09 PM by BROC »

Pixie 22

  • Registered Member
  • *
  • Posts: 6
  • My Honda: Jazz EX Shining Gray
I was intending to buy outright but I opted for the minimum finance package (£5k over 2 years with the option to pay it off after 7 monrhs) to qualify for the free 5 year servicing, warranty and Hondacare cover.

The small finance interest v paying for servicing was a no brainer.

I couldn't tick a vote box because I'm not fully any option.

that’s what I did.

Beaver

  • Approved Member
  • *
  • Posts: 121
  • Country: england
+1 for the minimum finance package, paying off in full at month 7.

The 5 year servicing and 5 year AA cover was too tempting.   I'm also P/ex'ing my 2012 Jazz in the deal.

Vwoof

  • Registered Member
  • *
  • Posts: 4
  • Country: gb
  • My Honda: Jazz
+1 for the minimum finance package, paying off in full at month 7.

The 5 year servicing and 5 year AA cover was too tempting.   I'm also P/ex'ing my 2012 Jazz in the deal.

Did you do this recently? I'm hoping to do the same. I saw in the website T&C, they say "Maximum customer deposit 30%". I wonder if it was added recently or always been there.


Beaver

  • Approved Member
  • *
  • Posts: 121
  • Country: england
+1 for the minimum finance package, paying off in full at month 7.

The 5 year servicing and 5 year AA cover was too tempting.   I'm also P/ex'ing my 2012 Jazz in the deal.

Did you do this recently? I'm hoping to do the same. I saw in the website T&C, they say "Maximum customer deposit 30%". I wonder if it was added recently or always been there.
I don't know when the deal was set up by Honda, but I signed the deposit paperwork last month (March 22).

Jazzyone

  • Approved Member
  • *
  • Posts: 42
  • My Honda: Jazz mk4 hybrid
The 30% maximum deposit is if you take a PCP plan for finance. If you take their HP finance plan which is still 5% apr
You can put down what you like against the new one. I used the full £16,900 value of my Arona using the HP plan to get the service and warranty deal with my new SR at the beginning of March. I’ll pay it off in October.

Vwoof

  • Registered Member
  • *
  • Posts: 4
  • Country: gb
  • My Honda: Jazz
Thank you, both. I'll go get mine.  ;D

Tags:
 

Back to top