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    • Claireyg30
    • By Claireyg30 11th Sep 17, 8:16 AM
    • 7Posts
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    Claireyg30
    Stoneacre Finance and warranty
    • #1
    • 11th Sep 17, 8:16 AM
    Stoneacre Finance and warranty 11th Sep 17 at 8:16 AM
    Hi
    Im looking to buy a car through stoneacre the finance option. The car is priced at £5895 Vauxhall Corsa 14 plate 23,985 miles 1 previous owner, and they have offered me it at £37pw got them down from £49. Also they try selling me 5 year gurantee at 995 which im not going to take as ive heard its not worth it. They say there warranty is only 30 days i am not happy with this...can i try and get them to 12 months warranty? £30pw and first servicing in with it all? And how do people feel about the 5 year guarantee? Could really do with some help here. Thank you.
Page 1
    • LandyAndy
    • By LandyAndy 11th Sep 17, 9:11 AM
    • 23,934 Posts
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    LandyAndy
    • #2
    • 11th Sep 17, 9:11 AM
    • #2
    • 11th Sep 17, 9:11 AM
    How long is the finance period?
    • LandyAndy
    • By LandyAndy 11th Sep 17, 9:13 AM
    • 23,934 Posts
    • 50,635 Thanks
    LandyAndy
    • #3
    • 11th Sep 17, 9:13 AM
    • #3
    • 11th Sep 17, 9:13 AM
    Hi
    Im looking to buy a car through stoneacre the finance option. The car is priced at £5895 Vauxhall Corsa 14 plate 23,985 miles 1 previous owner, and they have offered me it at £37pw got them down from £49. Also they try selling me 5 year gurantee at 995 which im not going to take as ive heard its not worth it. They say there warranty is only 30 days i am not happy with this...can i try and get them to 12 months warranty? £30pw and first servicing in with it all? And how do people feel about the 5 year guarantee? Could really do with some help here. Thank you.
    Originally posted by Claireyg30

    How did they do that? By extending the credit period?
    • britblue
    • By britblue 11th Sep 17, 9:18 AM
    • 12 Posts
    • 5 Thanks
    britblue
    • #4
    • 11th Sep 17, 9:18 AM
    • #4
    • 11th Sep 17, 9:18 AM
    at £6k purchase price (never mind interest charges - your getting close to brand new city car territory - may be better option than 2nd hand car with 24K on the clock?
    • wgl2014
    • By wgl2014 11th Sep 17, 9:28 AM
    • 355 Posts
    • 201 Thanks
    wgl2014
    • #5
    • 11th Sep 17, 9:28 AM
    • #5
    • 11th Sep 17, 9:28 AM
    Two questions,

    1) How long is the finance over, cost per week is helpful for budgeting but can hide some crappy deals. Also is there a larger deposit and final payment?

    2) When was the car first registered? It may still be under the Vauxhall warranty.
    • Claireyg30
    • By Claireyg30 11th Sep 17, 9:29 AM
    • 7 Posts
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    Claireyg30
    • #6
    • 11th Sep 17, 9:29 AM
    • #6
    • 11th Sep 17, 9:29 AM
    This is over 5 years. It has always been over 5 years weather it was £49 or £37 a week. I think they just wanted my service that they kept lowering it. I am thinking of asking them to reduce price on car so that im only paying £30pw. And i hadnt thought about getting a new car as my limit on per month is £160 and newer cars are more expensive with added interest it would be 10,000 plus. My interest may be a little higher than average due to my credit history. Really undecided what to do. I thought the low mileage was good.
    • Claireyg30
    • By Claireyg30 11th Sep 17, 9:31 AM
    • 7 Posts
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    Claireyg30
    • #7
    • 11th Sep 17, 9:31 AM
    • #7
    • 11th Sep 17, 9:31 AM
    There is no deposit and upto now nt aware of a final big payment. But i will check that if i go in again. I assume and think it was first registered in 2014 so 3 year manufactur warranty has ran out. They printed me a hpi report off too.
    • britblue
    • By britblue 11th Sep 17, 9:36 AM
    • 12 Posts
    • 5 Thanks
    britblue
    • #8
    • 11th Sep 17, 9:36 AM
    • #8
    • 11th Sep 17, 9:36 AM
    £37*52*5 = £9620
    £47*52*5 = ££12220

    £10k for a 14 plate Corsa is a little "salty"! - i don't want to be overly critical but just point out full cost of your purchase

    Dacia do a entry level Sandero for £6k which if you could get on bank finance or even Manufacturers own - may work out cheaper for you
    Last edited by britblue; 11-09-2017 at 9:39 AM.
    • LandyAndy
    • By LandyAndy 11th Sep 17, 9:37 AM
    • 23,934 Posts
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    LandyAndy
    • #9
    • 11th Sep 17, 9:37 AM
    • #9
    • 11th Sep 17, 9:37 AM
    Do you really want to be paying £120 a month on an 8 year old car?


    Sounds like an expensive deal.


    I think you should consider buying something much cheaper.
    • wgl2014
    • By wgl2014 11th Sep 17, 9:45 AM
    • 355 Posts
    • 201 Thanks
    wgl2014
    So over 5 years you are paying £9620 at £37pw. I would think carefully about getting locked into a 5 year finance deal on an already used vehicle.

    You will also almost inevitably find some repairs are needed over that time so need to budget accordingly. Remember to include an annual service and mot into your budget as well as tax.

    Also consider looking at the Network Q website as buying from a Vauxhall dealer brings some additional benefits such as a 12 month warranty and possibly some manufacturers backed finance.
    • Claireyg30
    • By Claireyg30 11th Sep 17, 9:58 AM
    • 7 Posts
    • 0 Thanks
    Claireyg30
    It is a 2014 plate so its not 8 years old its 3. I will take all your advice into consideration and have contacted vauxhall direct to see what i can get through them. Its i dont know if i will be accepted for finance anywere else. Thanks again
    • LandyAndy
    • By LandyAndy 11th Sep 17, 10:03 AM
    • 23,934 Posts
    • 50,635 Thanks
    LandyAndy
    It is a 2014 plate so its not 8 years old its 3. I will take all your advice into consideration and have contacted vauxhall direct to see what i can get through them. Its i dont know if i will be accepted for finance anywere else. Thanks again
    Originally posted by Claireyg30

    Errrrr. How old will it be when you are finishing paying for it?
    • Claireyg30
    • By Claireyg30 11th Sep 17, 10:06 AM
    • 7 Posts
    • 0 Thanks
    Claireyg30
    Well all cars age when your buy them either way. So thats not my concern. Im just asking for help about trying to haggle at £30pw. Or bringing price of car down itself and asking for 12 month warranty if my other options like vauxhall dont give me finance. I have no money for deposit. So i have no money to buy a car outright. Finance is my only option.
    • LandyAndy
    • By LandyAndy 11th Sep 17, 10:13 AM
    • 23,934 Posts
    • 50,635 Thanks
    LandyAndy
    £37*52*5 = £9620
    £47*52*5 = ££12220

    £10k for a 14 plate Corsa is a little "salty"! - i don't want to be overly critical but just point out full cost of your purchase

    Dacia do a entry level Sandero for £6k which if you could get on bank finance or even Manufacturers own - may work out cheaper for you
    Originally posted by britblue
    I would have thought this was a much better way to spend £6k, if your concern is simple, trouble free motoring, than a used Corsa.

    Although, I'm not sure either is a great idea for someone who may have little or no cash in reserve.

    OP, what car do you have atm?
    • BeenThroughItAll
    • By BeenThroughItAll 11th Sep 17, 10:14 AM
    • 4,582 Posts
    • 3,986 Thanks
    BeenThroughItAll
    Even at £30 a week, you're paying almost two grand in interest and charges over five years... It works out at £7.32 a week out of that £30. Does that sound like a good deal now? Almost a third of the payment going on interest?


    Christ only knows how they've convinced you it's even close to a good deal at £37 a week and that they're doing you a favour coming down from £49. Those are sub-sub-prime numbers - £37pw with £14 going on interest. Crazy.
    • BeenThroughItAll
    • By BeenThroughItAll 11th Sep 17, 10:14 AM
    • 4,582 Posts
    • 3,986 Thanks
    BeenThroughItAll
    I would have thought this was a much better way to spend £6k, if your concern is simple, trouble free motoring, than a used Corsa.

    Although, I'm not sure either is a great idea for someone who may have little or no cash in reserve.

    OP, what car do you have atm?
    Originally posted by LandyAndy


    Indeed. "I have no money, but want to spend £6K on a car" doesn't really square.
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