AVB Posted September 6, 2017 Report Share Posted September 6, 2017 I like cars but detest buying them from the tossers that sell them. Smoke and mirrors or what ! They look at you as though you're from Mars if you want to buy something for cash. Agreed. When I buy a car I ask them for three separate figures 1) the price that they are willing to sell the car for 2) The PX value they will give me for my car and 3) The rate of finance. I then decide whether I want just 1 or 1 and 2 or 1,2 3 etc. However a request such as this is normally met with the response £400/month! Quote Link to comment Share on other sites More sharing options...
Davyo Posted September 6, 2017 Report Share Posted September 6, 2017 I've been on the lookout for a 3rd car,Swift sport.Looking to spend in between 6/7k.Ive been to 3 different dealers and not one would discount for cash.They simply arnt interested unless you pay the screen price. Quote Link to comment Share on other sites More sharing options...
Walker570 Posted September 6, 2017 Report Share Posted September 6, 2017 Cars ... the buyer is always the loser, unless you carefully source a good low mileage second hand one with service history(and not main dealer), then run it until it finally fails it's MOT big time. My wife purchased a Nissan Almeria 11yrs ago and two weeks ago it finally gave in to the MOT man. She paid £1800 for it, one owner, low mileage who was swapping it for a new model same motor. Just picked up a really nice, one lady owner, very low mileage Skoda Fabia for her and plan to have that do the same. Man/woman is so easily relieved of their hard earned, when it comes to cars. Quote Link to comment Share on other sites More sharing options...
ferguson_tom Posted September 7, 2017 Report Share Posted September 7, 2017 I've been on the lookout for a 3rd car,Swift sport.Looking to spend in between 6/7k.Ive been to 3 different dealers and not one would discount for cash.They simply arnt interested unless you pay the screen price. When it comes to cars cash is no longer king, especially for the sales guys in the big dealer franchises as cash offers no benefits. The sales guys get a bonus for getting you into a finance package, PCP is great as it ties you into to the garage/manufacturer at the end of the term and if it has warranty they can get you in on a service package which they normally also get a bonus for. Saying this though people shouldn't be blindly stubborn and should consider all the options, purchase, lease and PCP. As has been mentioned some of the deals being offered are pretty good especially if you like to change you car every 3 or 4 years anyway. The deal the OP has been offered sounds very good for what it is. Quote Link to comment Share on other sites More sharing options...
AVB Posted September 7, 2017 Report Share Posted September 7, 2017 When it comes to cars cash is no longer king, especially for the sales guys in the big dealer franchises as cash offers no benefits. The sales guys get a bonus for getting you into a finance package, PCP is great as it ties you into to the garage/manufacturer at the end of the term and if it has warranty they can get you in on a service package which they normally also get a bonus for. Saying this though people shouldn't be blindly stubborn and should consider all the options, purchase, lease and PCP. As has been mentioned some of the deals being offered are pretty good especially if you like to change you car every 3 or 4 years anyway. The deal the OP has been offered sounds very good for what it is. I know people who want to pay cash for a car but because of the additional discounts for taking out finance take out the finance and then cancel within the 30 day cooling off period and settle the balance. The dealerships don't like it but legally there is nothing they can do. Quote Link to comment Share on other sites More sharing options...
Dellbert Posted September 8, 2017 Report Share Posted September 8, 2017 Most dealers dont like cash due to the money laundering laws and the bank charges , as well as the effect it has on their 'other' sales . Quote Link to comment Share on other sites More sharing options...
Davyo Posted September 8, 2017 Report Share Posted September 8, 2017 (edited) I know people who want to pay cash for a car but because of the additional discounts for taking out finance take out the finance and then cancel within the 30 day cooling off period and settle the balance. The dealerships don't like it but legally there is nothing they can do. Did this in June when we bought a new 2017 ignis and a Celerio from Stoneacre.Salesman was quite happy but when I settled the finance before the 1st payments where due,but still had over £700 in total added on the borrowed price for both cars.Initial set up charges according to Suzuki finance so still got stung. Edited September 8, 2017 by Davyo Quote Link to comment Share on other sites More sharing options...
AVB Posted September 9, 2017 Report Share Posted September 9, 2017 Did this in June when we bought a new 2017 ignis and a Celerio from Stoneacre.Salesman was quite happy but when I settled the finance before the 1st payments where due,but still had over £700 in total added on the borrowed price for both cars.Initial set up charges according to Suzuki finance so still got stung. I would challenge that. Consumer Finance legislation allows you to cancel at no cost within the cooling off period. Quote Link to comment Share on other sites More sharing options...
AVB Posted September 9, 2017 Report Share Posted September 9, 2017 Most dealers dont like cash due to the money laundering laws and the bank charges , as well as the effect it has on their 'other' sales . I suspect that when most people refer to 'cash' they actually mean non-financed money i.e. via a bank transfer or debit card from their bank account, rather than taking in a wad of readies. Most dealers are happy for bank transfers (but won't give a discount for it over finance) but won't accept large amount of notes. Quote Link to comment Share on other sites More sharing options...
bear-uk Posted September 9, 2017 Report Share Posted September 9, 2017 I through 12.5k on the counter at the auctions only to be told its a 9k max due to money laundering. Plus there is a cash handling fee. But Debit card had no restrictions so managed to drive away eventually. Quote Link to comment Share on other sites More sharing options...
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