polyal Posted February 1, 2013 Share Posted February 1, 2013 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*** polyal Quote Link to comment Share on other sites More sharing options...
Preee Posted February 1, 2013 Share Posted February 1, 2013 You just have to fully read if there are any penalty clause's written into the finance agreement . Quote Link to comment Share on other sites More sharing options...
polyal Posted February 1, 2013 Author Share Posted February 1, 2013 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 Quote Link to comment Share on other sites More sharing options...
Preee Posted February 1, 2013 Share Posted February 1, 2013 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 Quote Link to comment Share on other sites More sharing options...
polyal Posted February 1, 2013 Author Share Posted February 1, 2013 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 ?? Quote Link to comment Share on other sites More sharing options...
b1g_dav3 Posted February 1, 2013 Share Posted February 1, 2013 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 :P Quote Link to comment Share on other sites More sharing options...
polyal Posted February 1, 2013 Author Share Posted February 1, 2013 so how is the £1750 ( extra to me ) explained away Quote Link to comment Share on other sites More sharing options...
b1g_dav3 Posted February 1, 2013 Share Posted February 1, 2013 Well what car are you looking at? I also won't be trading in. Quote Link to comment Share on other sites More sharing options...
polyal Posted February 1, 2013 Author Share Posted February 1, 2013 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? Quote Link to comment Share on other sites More sharing options...
Stoney871 Posted February 1, 2013 Share Posted February 1, 2013 My local Ford Dealer sells Fiat's too so mentioning one is acceptable (just ;) ) Quote Link to comment Share on other sites More sharing options...
polyal Posted February 1, 2013 Author Share Posted February 1, 2013 thank you for that...i will definitely look for a f... first ( sh..ush) Quote Link to comment Share on other sites More sharing options...
b1g_dav3 Posted February 1, 2013 Share Posted February 1, 2013 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. Quote Link to comment Share on other sites More sharing options...
polyal Posted February 1, 2013 Author Share Posted February 1, 2013 thanks..dead right ( spider to the fly scenario ) ...............top advice for anybody buying a car ( or anything else for that matter ) Quote Link to comment Share on other sites More sharing options...
b1g_dav3 Posted February 1, 2013 Share Posted February 1, 2013 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. Quote Link to comment Share on other sites More sharing options...
stuartr26 Posted February 22, 2013 Share Posted February 22, 2013 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! Quote Link to comment Share on other sites More sharing options...
polyal Posted February 22, 2013 Author Share Posted February 22, 2013 the main consideration when buying via finance is the APR ( annual 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 APR 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 Quote Link to comment Share on other sites More sharing options...
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