Car Buying Cost Cutting System Article Discussion Area

chrisstiles

Lemonade_Pockets wrote: »

I'm not sure if you'd be able to get the dealer to go £300 less than broadspeed (its worth asking) but i think there is a reasonable chance of them matching broadspeeds price.

I assumed that using broadspeed prohibited the dealer from doing these sorts of backdoor deals with users?

Lemonade_Pockets

Sorry i didn't read your post properly i wasn't suggesting using the same Dealer that Broadspeed found - ring up any dealer and see if they will match it.

Your quite right they will have some agreement with broadspeed for obvious reasons. I personally don't think its ethical (for want of better word) to cut a middle man out in this way. However i see no problem using their prices to bargain at another dealer.

toon4thetitle

Hi all, I've purchased a car and signed the Credit Agreement. Before the dealer has sent it off to the finance company I've changed my mind and said I would pay the balance in cash rather than be stung by ridiculous APR figures.

As I have the dealer's word that the agreement won't be sent off to the Finance Company, am I now ok just to pay cash and not be bound by the terms of the agreement? The dealer is reputable so I do trust they won't send off the agreement.

Any help would be appreciated!!

Cheers

Evilmonkey13

Hi Everyone, I need to ask a quick question and as I am new to MSE forums am unsure whether this is the right place to post it. I have been invited to a car dealer for a VIP event where they will have "new cars at cost price" Does anybody know how much this i, ball park figure? It is a Corsa I am looking at, but do no want to go if the price is only going to be 1000 less than etailer prices. Could anybody give me some advice?

Thanks in advance

AdrianHi

Don't know about Vauxhall but another car brands dealership works on 8% margin on the car but can make up to 12% if they make sales volume targets.
My guess is this event is to offer the 8% 9or what ever) off which is £800 on a £10,000 Corsa which is a deal you could get (and possibly beat) without a VIP event.

k1dda

VIP events are normally just used to invite previous customers on their databases who are likely to be changing in the near future to get their foot back in the door. Every manufacturer works to different margins for different reasons, some have X% to play with but want to retain as much as is possible as those glass showrooms don't pay for themselves! Other brands have literally 2% margin plus any manufacturer subsidised campaigns on specific models e.g. 0% or £2000 "cashback" which is only a further discount. Some even just get what is effectively an agency fee per vehicle sold and rely totally on finance and insurance commission. Don't forget that all dealerships are is effectively marketing agencies and are totally seperate from the manufacturer themself.

Evilmonkey13

Thanks for all the advice, went, and after 2 hours, and oferinf me 200, then 600 for my 9 years and 11 month old car, they were going to do it for roughly 9500 taking it down from 11500.. I told them I would just spend some time thinking about it, to which they said, you won't find this deal again, it is a one off, so I pointed out I would get the same dela if I walked in in October when my car is 10 years old... which then made them panic. SO they offered me... an extra 100 off. I left. Thanks for all the advice.

Tapie

I know someone who works for a vauxhall dealership and they have said that they operate a family scheme whereby you can purchase a car for cost plus VAT. But they aren't to sure on how much I could potentially save as they don't work in the sales department. Can someone please explain what cost plus VAT is and how much I am likely to save against their general RRP. Is it just their trade price without the consumer markup?

If it helps someone give me a rough idea of % potential actual saving, I'm considering a Vauxhall Insignia.

I want to make sure that I understand this terminolgy before approaching the dealer. Any guidance greatfully appreciated.

Cheers
Tapie

baxbya

I;'m getting a new astra and trading in a megane coupe cabriolet. I've been in touch with a few brokers (none of which got back to me with a car!) but Oldham Vauxhall have phoned with a car, and I've been to my local branch. They know I'm playing each other off, and both are reluctant to give me a 'final price' and are playing 'the waiting game' whilst accusing the other of playing it. It's quite funny - however, i'd like my car before the VAT goes up! i can pay the balance in full - is this the best way to finance it? I've told them I want to finance it the cheapest way possible for me - but you never know if they'll tell you the truth! They've said if I pay it in full I can get the best price. Maybe the only way to tell is to agree the price and then backtrack and ask for finance! Can anyone tell me? Also, how can I get the best deal? Am i going about it the right way. I remember buying cars in the past and the salesmen were like the plague - but I've had to constantly phone both dealers to ask for info and tey;ve not got back to me!!

baxbya

also how is o% finance o% if they'll only do it at the full price of a car, yet if you take a regular % interest or pay in full they'll do a few grand discount!???!!