February 1, 2013, 2:01 pm
my local garage is offering £2000 ( scrappage ? ) towards a new or used car as long as i do it through
a finance company . They say i can then after 14 days pay of the balance if i want too
so theoretically if i buy a £5000 car i borrow £3000 of the finance company..then in
14 days pay off the £3000 in cash i have received £2000 for a vehicle worth
£250 ...so whats the catch
the garage says there isn't one...errrrrm!!
has anyone done this or are they taking the p***
February 1, 2013, 3:05 pm
You just have to fully read if there are any penalty clause's written into the finance agreement .
February 1, 2013, 3:42 pm
the garage says there's no penalty clauses...so who's soaking up the £2000 ?
me thinks...too good to be true..but worth investigating further
February 1, 2013, 3:48 pm
You will be as the price's for the car are probably top price , which will be their argument for offering 2000 , but it could still be a good deal , and the finance will probably give the garage some thing as well.
i would still double check any agreement.
Long time ago i used to buy on finance and pay it off very quickly , as long as no penalty's it's a very quick way to get your credit score high
February 1, 2013, 4:06 pm
the prices for their cars are not linked to finance or trade ins...they're normal book prices
the finance etc are options..i will post what transpires...i have a meet with the garage
on monday to sort a deal??
ps this dealer is well established and respected...but can any dealer be trusted ??
February 1, 2013, 4:06 pm
It is a good deal, salesman explained it to me all the way through, only I'd save just £250 so not really worth it for me
February 1, 2013, 4:15 pm
so how is the £1750 ( extra to me ) explained away
February 1, 2013, 4:22 pm
Well what car are you looking at? I also won't be trading in.
February 1, 2013, 4:34 pm
the garage is a fiat distributor ( am i now banned ) its round the corner ...my endura DE has failed big time
so its £2000 for a 1999 fiesta 35van that wont start....
so it might be fiat here i come
what planet am i on?
February 1, 2013, 4:46 pm
My local Ford Dealer sells Fiat's too so mentioning one is acceptable (just
February 1, 2013, 4:51 pm
thank you for that...i will definitely look for a f... first ( sh..ush)
February 1, 2013, 4:54 pm
A lot will contribute just to get you through the door. They have a lot to play with in how much they charge. Go over it with a fine comb is my advice, make sure that everything suits really.
February 1, 2013, 5:09 pm
thanks..dead right ( spider to the fly scenario ) ...............top advice for anybody buying a car ( or anything else for that matter )
February 1, 2013, 5:22 pm
I'll be twisting arms tomorrow for a new Fiesta, I'm not looking for finance though so I can probably get this contribution off with a full up-front payment, or at least some of it.
February 22, 2013, 6:56 am
I looked into buying a Fiesta on finance recently but there were so many catches in the deal I decided to leave till later in the year when I'll have the money buy it outright!
February 22, 2013, 12:11 pm
the main consideration when buying via finance is the APR ( [b][i]annual[/i][/b] percentage rate of interest )
most reputable garages will include this in financial packages they are offering
it might be better taking out a bank loan or some other form of loan at a cheaper [b]APR[/b]
paying cash though is the preferred option + you can do a bit of bartering
i didn't get my £2000 because my fiesta happened to be a 35van ( cars only )
but i did do an acceptable deal using cash
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