New car on finance cheaper than cash!!

Cornucopia

What you really want is a binding settlement figure up front. If you contact the Finance Company they may be able to provide you with one.

As an alternative, ask for finance figures over 12 months - that should give you a rough idea.

anotherbaldrick

What VW have told you is correct and it is what I did. Took the finance and the £2500 discount associated with the offer and paid it off before the first instalment was due, all without 1p of penalty. It also helps that you don't have the bank transfer hassles at point of purchase proving your identity if paying dosh..

cardeal123

anotherbaldrick wrote: »

What VW have told you is correct and it is what I did. Took the finance and the £2500 discount associated with the offer and paid it off before the first instalment was due, all without 1p of penalty. It also helps that you don't have the bank transfer hassles at point of purchase proving your identity if paying dosh..

"Before the first installment" I was given the distinct impression you had to let it run a month. Sounds better and better. On one of their larger cars they were telling me of savings of up to £3k. That was £3k less than the target price suggested by what car. Glad to hear from somebody who had done it. When you say not 1p of penalty, you paid no interest or any charges at all. Effectively it would have been the same as turning up at the dealer with cash and taking £2500 off the car, correct?

anotherbaldrick

correct ! I know the salesmen like you to let the finance run for a couple of months before you settle it but you don't have to. I was totally prepared to pay cash and avoid all advances at finance but could not make a case for it. Coming back to the charges I think their might have been an arrangement fee in the figures somewhere but it was small compared to the savings and there was no charge for the early settlement.

neilmcl

cardeal123 wrote: »

"Before the first installment" I was given the distinct impression you had to let it run a month. Sounds better and better. On one of their larger cars they were telling me of savings of up to £3k. That was £3k less than the target price suggested by what car. Glad to hear from somebody who had done it. When you say not 1p of penalty, you paid no interest or any charges at all. Effectively it would have been the same as turning up at the dealer with cash and taking £2500 off the car, correct?

The finance guy is not allowed to tell you otherwise, he's hardly going to say yes, cancel it straight away for a massive bargain.

arcon5

motorguy wrote: »

Do you really really think thats how businesses are built?

That's how Comet was built.

Although look where that got them

pstuart

We got, in November last year, a VW Tiguan.
£2000 off from VW and £750 off from the dealer = £2750 discount if taken on VW finance.
Contacted VW finance via Twitter, difficult to get through on the phone, "yes you've had the deal for 10 days, you can cancel with no further charges if paid off in full".

Its not very often I post on MSE anymore, take this thread for instance, its like a Facetweet feed, full of opinions without the facts.

cardeal123

pstuart wrote: »

We got, in November last year, a VW Tiguan.
£2000 off from VW and £750 off from the dealer = £2750 discount if taken on VW finance.
Contacted VW finance via Twitter, difficult to get through on the phone, "yes you've had the deal for 10 days, you can cancel with no further charges if paid off in full".

Its not very often I post on MSE anymore, take this thread for instance, its like a Facetweet feed, full of opinions without the facts.

That's great, especially as it was recent. No terms and conditions on vw site. Also no real terms and conditions on vwfinance.co.uk. after the examples given here, I think a salesman may have told me the truth!! Albeit that I needed to keep it running a month and all the info is on the website, the very small print isn't.

oscarward

Interesting.

However if you have no p/ex then an internet car supplier could get £5k+ off a tiguan.

anotherbaldrick

oscarward wrote: »

Interesting.

However if you have no p/ex then an internet car supplier could get £5k+ off a tiguan.

Not 15 months ago, maybe now ! model is up for a radical upgrade shortly
http://blendcars.com/new-2015-vw-tiguan-redesign