Discount for cash?

steve-L

cheesenmarmite wrote: »

I guess this is why I'd prefer to buy from a dealer - feels like a safer option!

Thanks for the feedback everyone - very useful.

However, check out numerous other threads....
Actually having recourse and getting your money back are two different things.

I bought from a dealer and went through all the correct steps and a year and half later, after court and lots of lost time got a cheque back and the dealer collected the car that had 'blown up' after 12 weeks.

Not only that but we played safe at court (perhaps foolishly) and got 2000/3000 back (agreed between a pre-hearing and hearing) but lost the extra expenses that probably accounted for the best part of 1000.

Yes we had recourse but it took a lot of time, expense and patience.
My last car I bought privately and 'touch wood' have done 10k and a nearly year without anything going wrong!

Depending on price point you might save 1000 on a 6000 car for instance buying privately. Obviously it can't cover all that might go wrong but its a big contribution.

I paid 6000 a similar spec from a non franchised dealer would have been 7200-7500 and franchised probably 7500-8000!

plane_boy2000

artbaron wrote: »

I would never buy from a trader or dealer now but years ago I did and I found it useful to actually show them the cash as a motivator. After getting the price knocked down to "the best we can do, mate" - £7495 - I showed them £7K from the £8K I had in my pocket and said well, this is all I've got. They took it right away. It was a good car, too.

Money laundering laws and the hassle mean that garage don't actually like having the folding stuff.

Mate of mine tried to buy a 12 grand car for cash, and the garage asked him to take the cash home and pay by another method - think they said they were not allowed any more than a few grand in cash on site for insurance reasons, plus the money laundering laws meant that the bulk of the purchase price had to come via a traceable method. He ended up paying the cash into the bank and paying by debit card