Welcome to my performance car park , here I’ll be talking about exactly what it’s like to own a performance car such as the Bentley that I recently purchased. When I was buying this beautiful car, I didn’t actually come across a blog that covered the day-to-day running of such a vehicle and as such when I made my first purchase I didn’t really know what to expect. I couldn’t really find a great deal about getting performance car finance for my Bentley either so this is something that I am going to discuss.
Using Performance car finance and getting Bentley finance
It may sound a little simplistic but buying a car like a Bentley and getting Bentley finance is actually a very time-consuming ordeal. It’s not as simple as buying a low end car such as a Ford, which are much easier and have much more tried and tested financing packages on offer. If you want to buy an everyday car you simply walk into the car dealership, A friendly manager will help you and they’ll be able to offer you a range of purchase options, With a card like a Bentley however this is simply not the case.
It turns out that Bentley finance and performance car finance is a very complicated world, one where there are a huge array of car finance options open to you if only you were aware of them. I had two options open to me, I could first source my car and decide on the vehicle I wanted to purchase and then go to the various finance companies out there and see what deals they had on offer or I could take a option two. Option two involved approaching a specialist car finance company that took care of both the sourcing and actual payment of the car, I opted for option two.
Bentley finance and performance car finance is confusing
I know that typically car finance is pretty straightforward, this however is not true for Bentley finance. Typically you would fix your interest rate and decide on a payment schedule however this gets much more complicated when you are spending a lot of money as I was on my performance car. It turns out that there are a whole host of finance options available for cars that I was not even aware of such as a hire purchase agreements and balloon payments, all of which I had to learn about as I went along. I am writing about these finance options because if you are considering purchasing a Bentley then they are something you have to learn about, I am however by no means of offering any financial advice.
After a long and arduous learning task I finally got to the bottom of it and opted to go for a very competitive finance package from a specialist company. I will not name the company has what works for me may not work for you.
How much does performance car finance cost?
It is important for anyone considering buying a performance car to consider just how much the day-to-day running costs will be. One of the main expenses I have found over the past few months is actually the fuel bills, naturally when you’re working our performance car finance, you need to factor in that you’re going to be getting a large engine, which will use a great deal of petrol. In order to calculate a just how much I was going to be spending, I took the manufacturers miles per gallon recommendations and then worked out how much it would cost me to drive the mileage I was doing on a daily basis.
It turns out that do to the large mileage that ideal driving my Bentley to work was not an option as a do around 200 miles per week. Due to the large capacity of the Bentley engine, I decided that I would only use it as a weekend car, I say these things because Bentley finance does not and once you have purchased the car.
The cost of your performance car must also include repairs
Another thing to factor into your budget is how much it’ll cost to replace things like tyres and how much having a service done on on a Bentley. Taking your car to a registered dealer for any car service will likely set you back around £1000. It is important to make sure that you can afford these vast sums of money before you go out and spend your hard earned cash on me cart that you perhaps cannot afford.
Fortunately I was able to talk to a friend who already owned one of these fantastic cars, he tell me how much I was likely to spend over the course of the year. Due to this valuable information I was able to get my finances in order, I would say that on a supercar you are likely to spend £10,000 in a year on repairs and replacement of parts this is part and parcel of owning one of these cars.