Car Buying Cost Cutting System Article Discussion Area

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Thinking of buying new car from UK Car Discount anybody know anything about them??

davogs

I discovered recently that a major car dealer here in East Yorkshire (combining Vauxhall, nissan, toyota and renault dealerships) sold just just 2 new cars in total - YES THAT'S TWO !!! - for the new registration change last month.
If that situation applies nationwide it must be a good time to haggle for those new wheels. I say do it now whilst the traditional showroom still exists - maybe it's days are numbered !!

frannyscho

Help...all muddled up...I did look on the comparison sites but all the specs are so different that it was not only meaningless but looked about the same price too. All the cars on the net seemed to be from trade dealers too, so would a type specific showroom be any more or less expensive if haggled with. Presumably they have targets to meet, especially if a next model is due presuming most of the whole chain of buyers want an upgrade.

Naturally, not knowing alot about cars, it would be easier and less bother of course not to fix my car, then part exchange, and haggle for a lower price on the newer car, hence saving on the part exchange loss and the mending cost, but in spite of reading the article I still cannot see the best way of going about the whole thing.

Assuming the car cost is 25k and will be kept for 5 years:-
1) - Take finance deal, transfer to 0% card within coolant period, pay payments with own money.
2) - Take their finance deal, save own money, get interest on it, offset against their finance deal.
3) - Spend own money, owe nothing, but lock up capital for 5 years and lose that amount of interest?
4) - Lease it for 5 years instead, and not buy it at all.
5) - Mend old car, (can be done but isn't much of an option for long as they are growing out of it rapidly and it's making a nasty rattly noise....).

I would be most grateful if anyone wouldn't mind suggesting any ideas or doing some maths with me?

jane_sanderson

Please help -
Last week we went to our local peugeot dealer to look for a better car, with ours as part exchange. we found one, then asked the salesman how much they`d allow on ours. Top and bottom of it is he said 500quid. That left 3250 to pay. We are lucky in that we have some savings so could afford cash, and were debating the best wy to pay,cash, or finance, as well as trying to up the price on our old car.The upshot was that he offered us 700 after some haggling.He then fetched the finance agreement. while he was sorting out the paperwork, we had another chat and decided to use savings and pay cash.
We told him this, and he said he could only allow us 700 pounds if we were taking finance, 500 if we paid cash.
I`m not sure, but I thought they were car dealers not bankers(!)- so is this legal-ethical or was he pulling a fast one.
Glad of any thoughts on this one-thanks-janewannabeamillionaire.

cathbean

Hi,
I am scrolling through threads to find an answer to buying a car by borrowing 5,000.
I was hoping to buy on a low interest card, but my garage now want to charge me 2% for using card. I have a halifax debit card, so how does this work please? I have applied for the 0% HSBC card and M&S more card. I have never taken out a loan and only otherwise have a visa card.I am trying to beat the system especially with the garage as I have already put down a £300 deposit before they told me about the 2% charge. I thought I'd cracked it, but now I can't figure out a new master plan!!Can anyone advise me PLEASE?.,
... also have I posted this in the right place?
Thank you

carolinamoon1982

Hi everyone. I'm getting really peed off with my car finance company. I think they are trying to kill me!

Basically, I borrowed £2,400 off them in October 2005 and have been paying this off monthly at a cost of £117.21 per month. I have never missed or been late with a payment although did have payment break in December (which was agreed by them so no problem).
As I'm getting my bonus at the end of this month, I want to pay off the finance and sell the car therefore leaving me £117.21 a month better off (or not struggling to find on top of everything else rather!) and with just the one family car.

So, I've contacted them for a settlement figure and they quoted £2,234.15!!! !!!!!!? And that is them taking interest off the account! So I have already paid £1,640.94 over the past 14 months and so if I paid the settlement figure, it would come to £3,875.09!

Plus, I asked for a settlement figure in June/July and was quoted £2,500. How can it be only £265.85 less after 8 months? I worked out that I have given them £703.26 in that period and so are they saying that £437.41 has been swallowed up by interest??

I offered them £1,800 but they refused but I can't afford to pay the extra £400. I was so stupid with money when I was younger and went crazy on credit but I'm trying to sort it all out (and not go to stupid car finance companies!) but seriously, does this not seem like an extortionate amount of interest to be paying?
Does anyone know anything about finance or whether I could contact anyone to complain about the excessive interest and that I'm trying to offer them a fair deal as if I paid them £1,800 they will stil have received £3,440.94, still over a thousand pound more than they lent me.
Or am I just going to be stuck with this because I stupidly signed up for it?

Many thanks, really would appreciate some advice.

Caroline

j25a63w

I am planning on buying a car -looking at Skoda 2001 silver my budget is around £2000. Iam in Kent. Can anybody suggest a reputable dealer or any private seller

fluffy-duck_2

Has anyone had any dealings with Stoneacre Motor Group? The deals look very good for an 2003 Ford Mondeo 1.8LX for £15.37 per week and 0% APR for 5 Years. There are 3 of us going to get a car so will we get a discount?

tajgt_2

I've just entered the arena to buy a new( or newish) car.

Been offered a what looks like a really good deal from two car supermarkets (Motorpoint and simple deal) on Renault Megane 1.6s BUT they are parallel imports.

Don't anticipate there would be any problems at all with the cars initially but does anyone have any experience of what happens when you come to sell one? Really worried that the scale of the saving to start with might come back and bite when it's time to sell on (which I don't expect would be for 3-4 years).

I know I wouldn't even think to ask if I was buying secondhand...............

Be grateful for any thoughts/experiences!

fguk

TajGT

My experience of this is that as you say, you save a good percentage on the new car price with a parallel import, hurah!

Then 3-4 years down the line, when you come to trade it in, the dealer will look at it, say, "hmmm, well I have to give you less for it", but that is unlikely to be anywhere near the total you saved in the first place (mainly because your car is worth significantly less after 3-4 years anyway!).

The only problem you might get is that some dealers, and some private buyers will not want to do a deal, because it adds complication, and they dont need the hassle.

Just my experiences