Pelyma
Member Since: 06 Jan 2005
Location: Patching, Sussex
Posts: 15496
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Interesting article in the Telegraph today about how JLR has increased turnover and profits (for LR) since Tata took over. DS3 TDV6 HSE - Silver with Alpaca (old one) Gone
DS3 TDV6 HSE- Silver with Alpaca (new one) Gone
D4 HSE Lux - Montalcino Red Gone
Porsche Cayenne V8 Diesel S
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 4th Jun 2018 2:40 pm |
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Red Merle
Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7441
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Oh yes, waiting (and waiting and waiting) for the Defender! 
In the meantime, it’s Ssangyong Rectums all round  2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: 2 x FL2 as “second” cars 🙄
2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!)
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| 4th Jun 2018 3:12 pm |
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kajtzu
Member Since: 10 Aug 2017
Location: Helsinki
Posts: 6753
  
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Pelyma wrote:Interesting article in the Telegraph today about how JLR has increased turnover and profits (for LR) since Tata took over.
Haven’t seen the article but making profit is a great thing - also for Tata [Motors]. JLR paid £150M in FY2017, 20% of profits or £225M in FY2018 and in FY2019 it’ll be 25% of profit as dividend.
Meanwhile TM is making a loss in the Indian market and certainly not paying any dividends themselves. 
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| 4th Jun 2018 4:40 pm |
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NJSS
Member Since: 06 May 2009
Location: Catherington, Hampshire.
Posts: 10801
 
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I have just received an email from my local JLR dealer offering "deals":-
Discovery Sport – up to £5,350 finance deposit allowance
Discovery – up to £5,650 finance deposit allowance
Range Rover Evoque – up to £5,465 finance deposit allowance
Range Rover Velar – up to £4,824 finance deposit allowance
That's the opening offer which can no doubt be bettered.
NJSS Am I Gammon or Woke ? - I neither know nor care.
2016 Discovery 4 Landmark
2011 Mercedes Benz SL350 (R230)
1973 MG B GT V8 - 3.9L John Eales engine, 5 speed R380 gearbox, since 1975.
1959 MGA roadster - 1.9L Peter Burgess Engine - 5 speed gearbox
Past LRs - Multiple FFRs, Discos & a Series I - some petrol, some diesel,
none Electric or H2 fuel cell - yet.
There are 10 types of people in this world: Those who understand binary, and those who don’t.
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| 4th Jun 2018 5:44 pm |
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Dan_NL
Member Since: 19 Sep 2010
Location: world
Posts: 1213
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@NJSS.
Sorry, what does 'deposit allowance' mean ? Discounted price when financed ?
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| 4th Jun 2018 7:23 pm |
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kajtzu
Member Since: 10 Aug 2017
Location: Helsinki
Posts: 6753
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Yeah. If you buy the vehicle using their financing instrument you get the reduction in price. Depending on the instrument it might or might not be making sense to do so - APR, handling fees, residual value, etc.
Of course if you can pay it off in one go it’ll work like a cash discount but with just more steps to jump through.
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| 4th Jun 2018 7:39 pm |
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pjm-84
Member Since: 04 Oct 2016
Location: Hampshire
Posts: 2591
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To add to the above.
Pay it off within the 14day cooling off period. Nowt they can do about it.
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| 4th Jun 2018 7:44 pm |
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Dan_NL
Member Since: 19 Sep 2010
Location: world
Posts: 1213
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Thanks Kajtzu ! Here you get a discount if you don't trade in. Interest with JLR is good here : 2,9 %..
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| 4th Jun 2018 7:46 pm |
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kajtzu
Member Since: 10 Aug 2017
Location: Helsinki
Posts: 6753
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Not sure what JLR does here, I haven’t been looking. Neither have I looked at Volvo but I get their customer magazine regularly... they had last weekend APR 0.9%, 8 eur/mo service charge, nothing else. Pretty much the same I had 5 years ago.
Normally the APR tends to be between 2 and 7% depending on place, some brands just refer you to a bank. The 0.9% tends to be campaign based and the manufacturer probably supports the local dealers somehow when they’re offering the nice rate.
Santander Consumer Finance tends to be “popular” but my understanding is that their rates tend to be quite high. Monthly processing/service charges tend to be between 6 and 15 eur. Usually there is an account opening fee, too, 100-300 eur depending on the place. All these add up for the unsuspecting consumer.
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| 4th Jun 2018 7:55 pm |
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Dan_NL
Member Since: 19 Sep 2010
Location: world
Posts: 1213
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Weired all these charges. I got a loan from JLR for my F-Type, not all but a substantial amount.
They charge me 2.9% and thats it. No service fees or other "add-ons" at all..
I can easily check as its a straight forward annuity calculation any mortgage app can do..
They even charge almost no interest over the final payment, 20% of the purchase price...
I guess this is possible since in NL loans are repaid in 99,5% roughly, so no risk at all almost
for the backer of the funds. This is a finance company, not JLR themselves.
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| 4th Jun 2018 9:27 pm |
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kajtzu
Member Since: 10 Aug 2017
Location: Helsinki
Posts: 6753
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I would assume that in NL, just like here, the car is the collateral and title transfers to you once the whole loan has been paid off?
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| 4th Jun 2018 9:40 pm |
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Dan_NL
Member Since: 19 Sep 2010
Location: world
Posts: 1213
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Yes. We get one half of the codes you need to sell the car, but its registered under your own name.
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| 4th Jun 2018 9:45 pm |
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jimbg
Member Since: 19 Apr 2013
Location: UK
Posts: 478
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NJSS wrote:I have just received an email from my local JLR dealer offering "deals":-
Discovery Sport – up to £5,350 finance deposit allowance
Discovery – up to £5,650 finance deposit allowance
Range Rover Evoque – up to £5,465 finance deposit allowance
Range Rover Velar – up to £4,824 finance deposit allowance
That's the opening offer which can no doubt be bettered.
NJSS
They have to shift all the existing stock before the new emissions kick in. After that date they will be a problem!!
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| 5th Jun 2018 10:26 am |
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DG
Site Moderator
Member Since: 12 Dec 2005
Location: The Gaff
Posts: 50978
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Seems like nothing more than the kind of discounts that have always been offered on my last 6 Discos 
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| 5th Jun 2018 10:42 am |
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Pelyma
Member Since: 06 Jan 2005
Location: Patching, Sussex
Posts: 15496
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No RRS or FFRR? DS3 TDV6 HSE - Silver with Alpaca (old one) Gone
DS3 TDV6 HSE- Silver with Alpaca (new one) Gone
D4 HSE Lux - Montalcino Red Gone
Porsche Cayenne V8 Diesel S
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| 5th Jun 2018 10:50 am |
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