I want to pay cash for new car..!

HighamKneeDee

colin79666 wrote: »

If it really is 0% then it might be worth considering. After all you can keep the money in the bank for longer and earn some interest on it.
Perhaps not so good if you are needing to apply to loans elsewhere though as it would up the amount of credit shown as outstanding on your file.

Thank you. That is exactly what I did and was my point. £14k over 36 payments of £388, therefore at 0% . No finance charges at all.

motorguy

cajef wrote: »

In my case Honda UK where offering a £500 off discount buying with finance but £1000 for cash, plus other negotiated discounts that I got from the dealer with no PX etc., etc.

Citroen are much more "offer driven" than Honda would be.

arcon5

HighamKneeDee wrote: »

Thank you. That is exactly what I did and was my point. £14k over 36 payments of £388, therefore at 0% . No finance charges at all.

That's fine... but if the cars really only worth about £12k then it's not such a good deal. Worth shopping around to see where the actual market value lies.

HighamKneeDee

arcon5 wrote: »

That's fine... but if the cars really only worth about £12k then it's not such a good deal. Worth shopping around to see where the actual market value lies.

Thank you. Yes, I understand that and did my homework before committing.
I was really just trying to understand why you wouldn't go for the 0% in the OP's case.

neilmcl

marlot wrote: »

You have 14 days to pay off a finance deal with no charges added.

I may have done that just recently where the lure of finance was enough to clinch the deal...

^^ This. Take the finance deal, making sure you only sign within 14 days of delivery, once delivered cancel and pay off the finance. No charges whatsoever. Even if you miss the 14 days the charges for cancelling the finance early will be minimal.

jaybeetoo

ipri wrote: »

Hi...have looked at cars in Citroen dealership today. I saw a car that is going with 4k off...if I take out finance!...I want to pay cash. The salesman adamant that I'd be better off taking 0% interest. Is there no way they will accept a cash buyer?


Any advice appreciated.

If you are buying new, do it via a broker. On a Skoda I got an 18% discount paying cash and 9% using the 0% finance. The figures will vary by make and model of car.

zagfles

jaybeetoo wrote: »

If you are buying new, do it via a broker. On a Skoda I got an 18% discount paying cash and 9% using the 0% finance. The figures will vary by make and model of car.

Pretty much the same as me, new Mondeo, list price £15k, got it for £12k subject to taking out finance. Mine wasn't 0% but I paid it off almost straight away so just paid a trivial amount of interest.

27col

Years ago I bought a Citroen and was offered a certain amount in part exchange for my existing car. Then I noticed that they were offering 0% finance. I was prepared to pay cash but thought, "What the hell", I'll use the free credit. When I then asked about the 0% finance the salesman immediately reduced the part exchange offer. So, if I had accepted the 0% finance offer, I would have paid the equivalent of interest by getting less for my old car.
Needless to say, I bought the car for cash.
I fact, I was in two minds to walk away altogether as I thought that whole thing stank a bit.

rochja

I sourced my Citroen through a sourcing company that may have had the words car, file and net strung together to achieve the name of their website. They saved me a packet [over £5K] on the asking price and because the car was sourced through a dealer whose name may be associated to a city near Bath I qualified for Citroen's in house 0% deal. Indeed, the deal was absolutely fantastic. I just wish I felt the same way about the car.

motorguy

rochja wrote: »

the deal was absolutely fantastic. I just wish I felt the same way about the car.

Citroen have to support their cars in the marketplace with amazing deals for a reason.....