New Car Prices & Buying advice please - Peugeot 308cc

CandleFan

Hi there

I'm thinking of buying a new Peugeot 308cc. There is currently a 4 year 0% finance from peugeot on offer(25% deposit), that I will be taking advantage of. They also offer a £200 5yr/50,000 mile servicing deal (parts & labour incl) which I thought was good? Any advice?

Other than that, I'm not too sure what other discounts to expect? Especially - what discount should I look for on the list/OTR price? One Peugeot branch are saying that the 0% is like a discount, but I don't buy it. I think you should get at least £1000 of the list price? Am I talking rubbish!?

They have offered £4,200 for my trade in - Jaguar x-type 2L diesel, 70k miles.

I have read the very useful guides/forums on car buying & gap insurance etc. so am okay with this stuff.

Any advice/comments, even if they are 'to the point' would be VERY much appreciated! Thank you.:cheesy:

motorguy

You should be able to get around £2000 off the 308 CC - use broadspeed.com as a guide. They will put you in touch with a UK supplying dealer, so these arent imports (your dealer will try to poo poo internet brokers for that reason)

http://www.broadspeed.com/cgi-bin/bsc/config.pl?request=getvers&ref=gg&rs=&make=Peugeot&model=308+CC

Your dealer may well be using that discount to bolster up the price of your trade in. If that is the case, then you're really just getting £2200 for your car.

What year is the jag? i;d have thought a sensible miles diesel one would sell ok privately?

motorguy

i would take the servicing deal BTW.

CandleFan

Hi - thanks for replying - broadspeed does give around £2000 off. However after calling them, advised they can't get the 0% deal - may need to check this though, as if they are dealing direct with the dealer shouldn't be a problem should it?

Yes, could get a good bit more privately for jag (its 04/2004) £5,700 according to Glass's, (didn't think there would be this much of an increase I have to say) but not sure I want the hassle! (I know, not very practicle!)

ps - should I have to pay the £400 extra for paint? I've always thought this was a lot of nonsense I have to say!

Best wishes
C/Fan

Update re broadspeed - 0% only available via dealers, so best bet is prob to haggle the price down!?

JonathanA

If 0% is only available through dealers, can you use a broker such as DealDrivers or Drivethedeal to get a discount and the 0%? Not sure if all the brokers will experience the same issues as broadspeed, but it may be worth a try.

I'd try to sell your car privately first too, given that the difference is quite large between the 2. Even if you only achieved a sale price of say £5k, it is still money in your pocket that would pay for the servicing cost and give you some left over.

CandleFan

Thanks Jonathan I'll look into dealdivers etc. I've been offered 5k by a private dealer, for trade in, not too bad, think I could push it up as well, esp using the private sale price as leverage! Thanks, again. oops! dealdrivers, that is!

DealDrivers_company_representative

Thanks for the recommendation :rolleyes: but we aren't offering Peugeot as outright purchase right now (only contract hire)...I think the reason there's a problem for this driver is that low rate finance is often financed between the mfrs and dealers through their existing margins, so the dealer cannot use his margin for a discount and still have enough left over to offer 0% finance. There's no such thing as free money- someone is paying for it somwhere!
There are quite a few examples right now where a low rate finance deal has to be forfeited if a customer wants another incentive like a big front-end discount too.
Not everyone needs or wants finance, so deals are advertised at the lowest poss' price assuming you want no other 'frills'...but a low rate apr is a form of discount...so something else needs to 'give' unfortunately.
The sum needing to be done is how attractive paying full list price is and borrowing against it, to going with a decent'ish apr and getting 2-3k off the car instead so you're borrowing less...altho' at a higher apr.

CandleFan

Drivethedeal are offering 2197 discount on the car AND have the 0% AND £200 servicing deal available as they deal with the peugeot dealers direct (no money goes to them). Sounds good to me!! :T

motorguy

CandleFan wrote: »

Drivethedeal are offering 2197 discount on the car AND have the 0% AND £200 servicing deal available as they deal with the peugeot dealers direct (no money goes to them). Sounds good to me!! :T

Seems odd broadspeed cant do that as they just put you in touch with the main dealer.

Sounds like a great deal though! :beer:

CandleFan

Hi Paul

Yes, I agree re Broadspeed, but what can you do?!

Cheers for your advice.