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

ArsenalFC

I assume you have good finances in order to get a brand new 1st car for your son.

It's worth considering 2nd hand private sale for a first car as new drivers tend to have a few scraps here and there.

alared

Go online to a site that sells cars to the public such as drivethedeal or autobyte and find out the internet price for a new corsa delivered to your door.
Then go to your local dealer and tell him the price you can get it for and if he doesn`t match it

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BUY IT ONLINE.

vikingaero

Screw the local dealer. If the salesman wants to talk BS then treat him like BS.

As an example on https://www.broadspeed.com

New Corsa 1.2 SXi 3dr List £10726 Online £9185

flea72

what benefit is there in paying with cash? perhaps if you can give a reason, why cash makes for a better deal, then by all means, you should get a discount. But money is money, no matter what form it comes in

and as for saying they get commission on finance, is the reason they wont discount for cash, is complete nonsense. If your moneys green enough, they will take it, just dont expect an extra discount

But due to the nature of business lately, yes some dealerships do discourage payment in cash, due to possible money laundering, and the fact paying by card is safer and easier for both parties

Flea

Hintza

I think you are all taking the word "cash" too literally.

Lemonade_Pockets

+1
Cash sale to a dealership is any sale that isn't using their finance.

Premier_2

-1

How many car dealerships do you know that issue credit cards?


The reason dealershios offer no discount for cash (in the literal sense) is probably because it's a pain in the rear end to them. There's the effort to count it out correctly, the fact that each note will need to be checked to ensure it is not counterfeit, the security issues involved in handling it, the problems assciated with money laundering regulations and the hefty charge their bank will make to bank cash - 8% is not uncommon.
Credit cards may charge 4-5%, debit cards much less.
If you take out finance with the dealer, they'll earn commission on that too.

Lemonade_Pockets

that was my original question. But i think has since been decreed that the op meant credit cards as in finance.

I'd be surprised if your comments about pound notes were true. The dealerships that i worked for never worked on that basis. The only reason "cash" customers are discriminated against is simply because finance earns the dealership more, therefore finance pen is the key KPI for most dealerships/networks.