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Forecourt discount...what should be realistic ?

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zwanchef
zwanchef Posts: 33 Forumite
Part of the Furniture Name Dropper Combo Breaker
Hi everyone,
About to enter the hell of trying to buy a used car.
We have upto £8000 to spend on a Honda Civic or a Ford Focus,how much should i be able to haggle the forecourt price down also bearing in mind we are cash buyers ??
Thanks for any advice
zwanchef
«1

Comments

  • Tiddlywinks
    Tiddlywinks Posts: 5,777 Forumite
    I've been Money Tipped!
    Cash doesn't always get you a better deal as there is commission / profit to be had by the sales team if they sell you a car on finance. Having a trade-in or not also affects the deal - depending on the age / condition and whether or not it is saleable by them or they have to pass it to the 'banger man'.

    Garages differ in their pricing policies and it does vary between dealerships and brands - just be happy with whatever deal you can get... if not, go elsewhere.
    :hello:
  • marlot
    marlot Posts: 4,967 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 22 May 2011 at 4:04PM
    check what cars are being advertised for on autotrader, and look at several dealers. Don't obsess on getting a percentage off - but rather on paying a good price.

    I asked for £nothing off the last used car I bought (but did get them to throw in a towbar) - because they'd priced it £4k less than other main dealers. Both the salesman and I knew it was already a fair price, mkaing it the easiest deal I've ever done.
  • zwanchef
    zwanchef Posts: 33 Forumite
    Part of the Furniture Name Dropper Combo Breaker
    Thanks for your replies.
    zwanchef
  • geoffky
    geoffky Posts: 6,835 Forumite
    go to a auction..you will save a fortune if you know what you are doing..
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • zwanchef
    zwanchef Posts: 33 Forumite
    Part of the Furniture Name Dropper Combo Breaker
    I dont but thanks anyway.
    There must be some sort of ballpark % discount that dealers expect to give any comments ?
    zwanchef
  • Kilty_2
    Kilty_2 Posts: 5,818 Forumite
    All dealers price their stock differently - some factor in a % they can knock off for people like you that MUST have a "deal", some price their cars to sell.

    You need to work out what you actually want to pay for the car based on what it's actually worth and go from there.
  • zooks
    zooks Posts: 109 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Dealers will also usually give a good discount if your take finance from them.
    Some of these finance packages can be cancelled quickly after hence only incuring a small interest charge. Makes sence if its gets you a nice chunk off but check for hidden cancellation charges.
  • motorguy
    motorguy Posts: 22,611 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    zooks wrote: »
    Dealers will also usually give a good discount if your take finance from them.
    Some of these finance packages can be cancelled quickly after hence only incuring a small interest charge. Makes sence if its gets you a nice chunk off but check for hidden cancellation charges.

    Sorry, but you're wrong on this. The O/P is buying a used car, so it will be standard HP.

    The dealership will get a commission on this, but not enough for them to give a large percentage of it away as a discount on the car up front.
  • Alter_ego
    Alter_ego Posts: 3,842 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I had a good deal a few years back, I offered about 10% less. The salesman said "I think we can do better than that". He disappeared for a few minutes, came back and said a price £400 less than my offer. I also got mats & spare plip key which had to be ordered. When I went bact a couple of weeks later for the key I asked for the salesman I'd dealt with by name. The boss said he had been working his month notice when I bought. He honoured everything though.
    I guess that only happens once in a lifetime.
    I am not a cat (But my friend is)
  • jase1
    jase1 Posts: 2,308 Forumite
    A lot depends on how well the car is presented. I saw a Mondeo which, although cheap, had two bald front tyres and all the trim in the boot was either loose or heavily scratched. Minor faults for sure, but even though the car was keenly priced it gave me a negative impression of the dealer and whether he would honour any faults. It was up for £3700; I wasn't fussed on the car so bid him £400 off as a starter for the car as-is with all problems unresolved. He accused me of wasting his time, so I walked away -- as far as I was concerned he wasted my time as he described the car as "mint condition". It wasn't.

    On paper the price was very keen already, but that doesn't excuse the dealer making no effort to fix the car's faults -- he'd quite obviously just taken it from auction and parked it on his lot. NOT what I pay dealer prices for!!!
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