We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Help haggling on a new car.

2»

Comments

  • Inch_High_2
    Inch_High_2 Posts: 223 Forumite
    And how much more was the next model up?
  • SG27
    SG27 Posts: 2,773 Forumite
    Inch_High wrote: »
    And how much more was the next model up?

    Not sure I'll find out. Drive the deal has it a £400 extra.
  • Inch_High_2
    Inch_High_2 Posts: 223 Forumite
    SG27 wrote: »
    Not sure I'll find out. Drive the deal has it a £400 extra.

    You need to look at the true figures are you spending more with the dealer?
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    You need to check but from what I recall from another finance deal we did for something,

    you can get a penalty for paying it off of early BUT if you pay most of it off and let the normal payment(1 or maybe 2) finish it off there is no penalty,

    something to do with changes in the legislation for loans.
  • SG27
    SG27 Posts: 2,773 Forumite
    Inch_High wrote: »
    You need to look at the true figures are you spending more with the dealer?

    Less than I thought I would be for the lesser model.


    I can't work out how they can reduce the price by £1400 just because you take out the finance that will earn them around £300 in interest even if we let it run?
  • SG27
    SG27 Posts: 2,773 Forumite
    getmore4less wrote: »
    You need to check but from what I recall from another finance deal we did for something,

    you can get a penalty for paying it off of early BUT if you pay most of it off and let the normal payment(1 or maybe 2) finish it off there is no penalty,

    something to do with changes in the legislation for loans.

    Yes there is a penalty it's about £80 he said. But as the total interest over the term is actually only £221 (not £300ish I said before!) I might let it run a leave the money in TSB at 5%.
  • SG27
    SG27 Posts: 2,773 Forumite
    Inch_High wrote: »
    And how much more was the next model up?

    £750 going by their list prices.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603.1K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture