New car on finance before new number plate release?

TradePro

eschaton wrote: »

Also look out for their con with finance when they quote flat rate and not APR.

Haha - WRONG!!

Flat rate is used because it's easy to understand and calculate;

4% flat is £40 of interest, per £1,000 borrowed, per year

6% flat is £60 of interest, per £1,000 borrowed, per year

I can't see a 'con' there?

APR is almost impossible to calculate, and is often manipulated (i.e. lower APR doesn't always mean cheapest loan).

Here's the best thing to do - get a quote from the dealer, calculate the total amount payable (i.e. 36 x £180 = £6480), and then see how that compares to a bank loan. DO NOT 'TRUST' THE APR FIGURE ALONE.

TradePro

keith1950 wrote: »

if it is a brand new pre-registered car you will get the full warranty

Not quite correct - if it was registered 4 months ago, you lose 4 months warranty, etc etc.

TradePro

anotherbaldrick wrote: »

If you are uncomfortable about having a car with a 13 in the registration go for a 62 . I believe it is going to be offered as the alternative for purchasers of 13 reg cars who are superstitious.

I think this was suggested, but in the end I'm 99.9% certain buyers will not be given this option.

TradePro

lucky_me wrote: »

but I know they'll try and sell me the newest most expensive option available

Honestly, this is generally an incorrect assumption.

The dealer will probably have more profit margin in a used car, than in a competitively priced (but more expensive) new one. Also, a lot of sales people now work on a fixed rate, so get paid exactly the same regardless of which car you buy.

TradePro

eschaton wrote: »

If you are happy with a 62 plate car, you should be able to push a decent deal as February will be a very quiet month for them.

Also consider a car at a few months old, ex demo etc.. After 11 brand new cars in a row, my current car was bought at 3 months old and I paid £22k against £28k list price.

Most manufacturers work in quarterly campaigns, so a car registered anytime between Jan 1st and March 31st means the same to the dealer. Yes, the salesman may want you to have your car in Feb so that he get's his commission a month earlier, but it won't make a huge difference to the price.

February is actually the busiest month of the year in terms of sales and getting the cars prepared ready for early March, but yes, less cars are registered in the month.

Sorry if it seems like I'm having a go eschaton but we've discussed your car before - nobody has ever actually paid anything like £28k for one (despite the RRP), so it's unfair to make the OP think they have done badly if they don't save £6k...

eschaton

TradePro wrote: »

Most manufacturers work in quarterly campaigns, so a car registered anytime between Jan 1st and March 31st means the same to the dealer. Yes, the salesman may want you to have your car in Feb so that he get's his commission a month earlier, but it won't make a huge difference to the price.

February is actually the busiest month of the year in terms of sales and getting the cars prepared ready for early March, but yes, less cars are registered in the month.

Sorry if it seems like I'm having a go eschaton but we've discussed your car before - nobody has ever actually paid anything like £28k for one (despite the RRP), so it's unfair to make the OP think they have done badly if they don't save £6k...

It's sad but you really are obsessed with stalking people online.

You also seem to think you know the right answer to everything but don't - I bet the letters F A I L are different colours on your keyboard

And, we didn't discuss anything, you just made an !!!! of yourself.

Next.

cootuk

Also be aware that a 'lifetime' warranty on a pre-reg for first owner may not be passed on to you as the dealer could be the official first owner.
You really need to decide what car you want as some chains/marques give larger discounts than others.

TradePro

VehicleLeasingExpert wrote: »

I'd recommend leasing a new car rather than buying on HP or Finance...

Would you really VehicleLeasingExpert?

What exactly do you mean by leasing, PCH?

TradePro

eschaton wrote: »

It's sad but you really are obsessed with stalking people online.

You also seem to think you know the right answer to everything but don't

Yes, that's right, I'm a convicted Internet stalker

What a silly thing for you to have said.

Anyways, back on topic, which incorrect advice have I offered here?

eschaton

TradePro wrote: »

Yes, that's right, I'm a convicted Internet stalker

What a silly thing for you to have said.

Anyways, back on topic, which incorrect advice have I offered here?

Well done on being the first person on my ignore list.

Bye Tradepro.