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Car Finance Deal - is this too good to be true?

finbar5 · 2021-11-29 11:34:45

We are in the process of buying a new car and will be paying by cash/trade in value of our current car. However, the dealer has suggested we take out finance through their provider, make one month's payment (including interest of course) and then cancel the agreement, paying off the balance in full. If we do this then they…

Comments

The_Fat_Controller Posts: 2,006 Forumite

29 November 2021 at 4:03PM edited 29 November 2021 at 4:04PM

My dealer offered me a discount on a new vehicle which was not dependant on taking finance.

However the salesperson pointed me in the direction of a 0% PCP deal that added a £500 bung to the deal.

No skin of my nose to make the first three payments so that neither their commission or my bung would be clawed back.

We both came away very happy.

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