dealership on ch 4

photome

just a heads up the dealership just started on ch 4.

lots of essex boys selling cars

sarahg1969

And 'Crash for Cash' later on, too.

CTcelt1988

I wouldn't buy a car from that lot.

photome

CTcelt1988 wrote: »

I wouldn't buy a car from that lot.

Nor would I, but it seems many are

attila_

Hilarious! Loving the TOWIE hairstyles.

patman99

I'm from Essex & I wouldn't buy from them either.

daveyjp

Just watched it the last couple who wanted an £8k car for £6,500 were well and truly done up like kippers. They started off all bullish with a very low offer, but then it was a great lesson in why not to negotiate around a monthly repayment figure.

It started off with a £750 discount and a 4 year term at about £165 a month and ended up £995 discount, but a 5 year term at £150 a month which they went with.

Deal one £7,920 saving on car £80
Deal two £9,000 saving on car -£1,000

Oops.

TradePro

daveyjp wrote: »

Just watched it the last couple who wanted an £8k car for £6,500 were well and truly done up like kippers. They started off all bullish with a very low offer, but then it was a great lesson in why not to negotiate around a monthly repayment figure.

It started off with a £750 discount and a 4 year term at about £165 a month and ended up £995 discount, but a 5 year term at £150 a month which they went with.

Deal one £7,920 saving on car £80
Deal two £9,000 saving on car -£1,000

Oops.

Ahhh, so you're one of those people that 'count' interest in how much you paid for a car? I've never understood that, but anyways.

It's always going to cost more to borrow money for 12 months longer - the people must have been putting in some amount of deposit (I think £500 was mentioned) as the payments don't stack up otherwise. Quite often the rate goes up when you exceed 48 months too.

An additional saving of just £245 is never going to cancel an extra year out, if that makes sense.

daveyjp

Well the total cost is what you pay so interest does matter, especially if you see a high APR.

They wanted the car for £6,500. In truth they wanted to pay £150 a month. These are two different negotiations. I missed the deposit part, but this makes the situation worse and shows they didn't know what they wanted or how much they were actually paying, a salesman's dream

With a £500 deposit they paid £9,500 for a car they wanted for £6,500. If they wanted the car for £6,500 and £150 a month with a £500 deposit there should be 40 payments, not 60. Only possible with 0% apr, but that's the basic maths they needed before entering into negotiations.

The Range Rover dreamer was the same. No idea what his negotiation position was.

photome

daveyjp wrote: »

Well the total cost is what you pay so interest does matter, especially if you see a high APR.

They wanted the car for £6,500. In truth they wanted to pay £150 a month. These are two different negotiations. I missed the deposit part, but this makes the situation worse and shows they didn't know what they wanted or how much they were actually paying, a salesman's dream

With a £500 deposit they paid £9,500 for a car they wanted for £6,500. If they wanted the car for £6,500 and £150 a month with a £500 deposit there should be 40 payments, not 60. Only possible with 0% apr, but that's the basic maths they needed before entering into negotiations.

The Range Rover dreamer was the same. No idea what his negotiation position was.

He was a class act !!

albionrovers

photome wrote: »

He was a class act !!

He was a wind-up, had to be an actor.