Vauxhall £1000 Scrap Allowance & Finance

DJGibbon

Afternoon all (first time posting, long time reader etc . . . )

After many bad experiences with buying bangers and getting nails, I've decided to do what I said I'd never do and buy a new car, so as to have reliability and a warranty to back me up.

I'm looking at the Corsa 1.3CDTi Club, as with that model I can get both a year's free comprehensive insurance (saves about £500) and £1000 scrap allowance for my old car, which wouldn't sell for more than £500. In addition, I should save about £30/month on fuel costs and can get the car from the Vauxhall web site for £9565. Winner!

Only problem is, I can't seem to find the best way to get the actual car cost down. Going through dealdrivers, drivethedeal, autobytel etc can get the cost down to ~£9300, but none of them seem to be able to get the scrap allowance - so by saving £300 on the list price, I'm missing out on at least £500 from the old car. Should I be able to take these prices to a dealer, see if they'll match, then get the scrap allowance on top? Or will this be taken off their profits or whatever so they'll be unwilling to do it?

Secondly, the finance issue. We're looking at a PCP deal since we want a guaranteed future value, but we need to buy direct from Vauxhall to get these offers so need a supplier who'll let us source the car. I know about Freeway but they're quoting about 11.9%APR, are there any others that people have used and can recommend?

Thanks everyone and apologies for length!

Phil

plane_boy2000

I get a discount on Vauxhall through my employer and have just taken a look at their discounted website. Rather than than the insurance why dont you go for the breeze model which will come with 3 years 0% finance with a 20% deposit? This would be worth more to you than the free insurance, or they are offering a £1500 allowance if you take their finance.

Why are you so keen to get a guaranteed future value? They are usually lower than the real value at part ex time anyway so you dont gain much plus you would have to have any damaged etc repaired to be able to hand the car back anyway.

What about getting a loan from your bank?

DJGibbon

I don't see a Breeze model on vauxhall.co.uk. Is this only available through your discount?

Raising a 20% deposit would be a problem for us, which is why I was so keen on getting a grand for the old car - easy desposit right there.

As for the bank loan option, that's why we were concerned about a GFV - payments on a bank loan over 3 years would be too high, so we'd considered getting one over 5 years with no early redemption charges, then selling the car after 3 and using the capital to pay off the loan. Only problem is if the car won't pay off the loan - hence the GFV . . .

Cheers for the advice though. Any other takers?

P