no discount for cash on new cars????????

john.xs

why is it when we are in supposed credit crunch the garages dont seem keen on discounting for cash.they seem to offer best dicounts for you taking on more credit cards. it sounds daft to me or are they trying to take me for a ride?

Lemonade_Pockets

???
Doesn't make sense. By credit cards, do you mean some sort of finance package provided by them?

dzug1

They make more on the commission on the credit than they do on the car.

jeannieblue

If they won't do a deal, you walk out.

Then you call the manufacturer and let them know that the dealership is letting you walk away etc. Recommend you try a few dealerships first before you have a rant!

You are the buyer and you are calling the shots. I am amazed at the way some of them are behaving lately when they have thousands of cars just sitting there. I'd bore you with some sorry tales... but I can't be bothered, I am suffering with new salesman syndrome.... :eek:

MX5huggy

As said they make the money on the finance (like double glazing sales men).

I would look at using a broker like drive the deal or similar they can cover alot more ground than you and find the one dealer that needs to shift one more car to meet a target.

I should think at the moment some dealers are so far off their targets that there is no point doing deals.

vikingaero

What car are you buying?

hewhoisnotintheknow

they want to sell you finance as they make a comission

also i wouldnt want the hastle of the cash, would prefer electronic transfer

Older_but_not_wiser_2

Just bought a new (to me) car, 06 plate Merc C180K, and the salesperson was keen for me to take finance, as it makes them more money - they get a kickback from the finance company.
Stuck to my guns and paid cash (debit card actually),and got a few freebies thrown in as well as money off because they were keen to sell.

Just walk out if the deal isn't right for you, it's a buyers market.

john.xs

looking for a new corsa for son whose just past test

zappahey

If your credit history is good, it might be worth checking if the finance can be cleared early without penalty. You can then buy the car on finance, which gives the salesman a commission so that he can work a bit more on the price and you're both winners.

Then just clear the finance immediately.

Hintza

Probably not making money at all on new cars just now and the old trick of selling close to cost to get volume bonuses I imagine is just a distant memory. I imagine the manufacturers and dealers are busy rying to thrash out out new deals in this new world to try and just shift cars.

However with lack of finance available the cash buyer will hopefully soon become the holy grail of the dealership.