Downsides of a delivery mileage car?

Kira000

Hi,
Just had my car written off, so need to get a replacement pretty sharpish!
I want to go new, not second hand and i know the make, model and spec that i want and there seem to be some reasonably good deals out there.

Because i cant wait for 8-12 weeks for a delivery, i seem to be looking at either new unregistered stock cars, or registered delivery mileage.

I have come across a delivery mileage one that meets my spec, 100 miles on the clock, which even taking the quoted price (which i would intend to negotiate on further), would save me about £1500-1800 on the best quote i've had on a new in-stock car. Obviously an appealing saving and a good chunk out of the initial depreciation (about £5000 off rrp).

Can anyone give me a heads up on any downsides to taking a delivery mileage pre reg car that i may not have thought of/be aware of?

As a side question, with the new 60 Plate coming very soon, are the dealers likely to be willing to take a bit more off to get rid of the 10 plates? Just so i know some extra angles for haggle!;)


TIA! Kx

molerat

When was it registered ? I remember seeing a del mileage that was 11 months old !!

King_Nothing

What car is it?

Keith

When you sell it, you won't be the first owner, so there will be perhaps a loss against a 1 owner car.

When was it registered? The warranty will be running.

Are they able to provide the V5c?

Is the finance at the same rate as a new car?

Check out Dealdrivers/Drivethedeal for a comparison but you'd get the car as first owner with the dealer finance offers.

Kira000

Molerat- good point!! I think he said march 2010, but i'd have to check.

King_Nothing- Its a fiesta titanium 1.6 tdci 5 door

K

Kira000

Keith wrote: »

When you sell it, you won't be the first owner, so there will be perhaps a loss against a 1 owner car.

When was it registered? The warranty will be running.

Are they able to provide the V5c?

Is the finance at the same rate as a new car?

Check out Dealdrivers/Drivethedeal for a comparison but you'd get the car as first owner with the dealer finance offers.

All good points, thanks!

As per below, i think reg was March 2010- could ask for extended warrantly chucked in/heavily discounted to get over that.

Finance offer same for both.

Not asked about the V5c, will add it to my list to ask the dealership/

I have looked at drivethedeal already, pretty good prices although not the cheapest but maine prob was when i ctc'd them, they said 8-12 week delivery for that model, which i cant do. Will check our deal drivers as well.

withabix

Have you tried Motorpoint?

bigjl

If your current car was under 12 months old then you will be entitled to a new car from your insurance, so long as you are the first registered keeper, if you accept a pre-reg car that is then subsequently written off then you will have to hope the insurance company is in a generous mood.

If you have had your car written off and have got the cheque in youe pocket then yes pre-reg cars are a good value purchase, normally registered to up the sales figures at month end, but beware that some pre-reg cars are actually imports from other markets, such as Eire and don't have the same warranty and specification.

If you haven't been paid out the insurance and your car is older than 12 months then the insurer will pay out on a like for like basis, they won't allow you take get a better car or newwer car as that would be considered "betterment".

Was the written off car the same as you want, the fiesta? If it was then you will either have to wait till one turns up or take and in stock car, but remember that if you aren't the first owner and your unlucky enough to have another accident then you will lose money.

Surely you have been given a loan car whilst it is sorted out.

You will find that if you want a new car right now you will have to take what is available, if your car was a Fiesta then a Ford main dealer can check the dealer network for cars all over the country that may fit your needs better. More info would be helpful.

Kira000

Bigjl.

My old car (08 fiesta) bought from new. Written off, currently waiting for settlement figure and cheque. Have got myself estimates of value from Parkers, Glass and CAP- first two agree, CAP a fair bit lower, so guesstimate somewhere around av of P & G. Anticipate sufficient left over from paying off my ballon PCP to have approx £3-£.5K deposit.

I do have a loan car (crappy 1L tin can!:o), but only for 2 weeks, only got 6 days left before it has to be returned, and that is assuming they dont send me a cheque and tell me to return the car before that!

Have spoken to various ford main dealers, got a range of stock cars and prices quoted, all possible, but would need to "discuss" price a little more with them. The pre reg just seemed a pretty good price.

Was seriously considering taking out a GAP policy, but just checking the Surf & protect one i was favouring, it says vehicle should not be subject to lease or contract hire agreement- not sure if that will exclude me as i was planning on going for Ford Options.

K

bigjl

OK, so you are going to go for a newer car, your first port of call would be the insurance company, tell them that you where looking to change the car soon anyway, they will probably settle the first PCP deal, when this is settled you would then take what is left into the new deal, the money from the insurance company at the moment isn't your money it belongs to the company that you did the PCP with, second port of call is the PCP company tell them the same thing, I have known several people in your situation, a deal can normally be done. But the Insurance company only have to give you like for like, in other words they will look at Autotrader and similiar, see what your cars replacement value is and pay you out replacement value.

I have seen people come unstuck with PCP deals, myself included, especially if trying to change cars half way through, as they are designed to give you a cheaper monthly payment, and keep you buying a new car every three years, not facilitate you buying a car then keeping it, even though you can when the lump is paid, they intend to get you back for another deal in three years.

GAP insurance is normally only available when you buy the car, or at least in my experience it is, you can buy it as a seperate policy but it doesn't seem to have the coverage that the one bought at the signing of the HP/PCP. Though I don't know how these have changed over the years, I haven't had finance on cars for a few years.

The last time I had a car written off was 2/3 years ago, the car was a special order as I wanted an Autobox, the car was 4 years old and I was the first owner, the insurance company couldn't find one so I was given a cheque. Every insurance company has different policies, but it might be better and simpler to let the insurance pay off the PCP, then use the leftover, with your extra deposit and start a new deal, you might even get a better interest rate than previously.

Since you have already had a brand new car from I presume a maindealer then I would get them to find the right car for you, they have access to the best cars, they won't sell you an Eire car or other non UK spec cars, you could also try goig to the supplying dealer of your old car, as they may be willing to cut a better deal, as you are a long standing customer.

My brother in law has always bought ex demo cars, as he avoids depreciation and they also tend to be well specced to help sales.

Keith

Kira000 wrote: »

I have looked at drivethedeal already, pretty good prices although not the cheapest but maine prob was when i ctc'd them, they said 8-12 week delivery for that model, which i cant do. Will check our deal drivers as well.

Dealdrivers have cars in stock, it's worth a try. I've just used them to buy a Mazda2 which is a rebodied Fiesta