New vehicle purchase

mcplumb

If the vehicle is >30k how can you protect yourself?

It seems mad to send someone 40k with no sight of four wheels!

Grumpy_chap

Why not view the vehicle in person and pay by bank transfer on collection?

mcplumb

Factory or non stock orders, so catch 22. Dealer wants initial deposit then cleared funds two days before handover. It's common practice and I've done it before, however having the s75 <30k as last resort 

Bigwheels1111

Why are you at a dealer in the first place.
All the broker sites say pay deposit and pay the balance when you get the car delivered or when you collect it.
I just helped a friend order a Toyota Corolla estate, saved over 6k compared to the dealer.
I think they wanted £500 deposit, not 100% sure.

user1977

mcplumb said:

Dealer wants initial deposit then cleared funds two days before handover.

Why two days before handover? (other than "because they can")

moneysaver

Bigwheels1111 said:

Why are you at a dealer in the first place.
All the broker sites say pay deposit and pay the balance when you get the car delivered or when you collect it.
I just helped a friend order a Toyota Corolla estate, saved over 6k compared to the dealer.
I think they wanted £500 deposit, not 100% sure.

Any recommended brokers?

RogerPensionGuy

I purchased a new car a while back, dealer was happy to accept 3K deposit via any form so I used a credit card with a little kick back to me.

Then went and checked car on delivery day and then we did a big electronic transfer, can remember exactly the type buy think I paid a charge to my bank, it wasn't too much and certainly reduced the risk of a bog loss on my behalf. 

In fact I've done the above twice now thinking, both dealers thought I was bonkers and I was fine with their views.

born_again

mcplumb said:

Factory or non stock orders, so catch 22. Dealer wants initial deposit then cleared funds two days before handover. It's common practice and I've done it before, however having the s75 <30k as last resort 

Find a dealer that will take payment on the day, either by debit card or bank transfer.
Never had a problem with that.
Yes you have a deposit to pay on order, but never had a pay a balance before collecting on any new car.

mcplumb

Bigwheels1111 said:

Why are you at a dealer in the first place.
All the broker sites say pay deposit and pay the balance when you get the car delivered or when you collect it.
I just helped a friend order a Toyota Corolla estate, saved over 6k compared to the dealer.
I think they wanted £500 deposit, not 100% sure.

This is from a third party dealer/broker not the main dealer, so yes I have saved £££ by using them.

The 3 quotes I've had all have the same terms regarding payment.

£1000 deposit to secure the vehicle

3-4 week wait for delivery to broker from manufacturer. Once the broker has it then they request the balance from me with delivery to me 2 days later. 

They will not do it any other way.


My other option would be buy on finance then pay off immediately, the savings out weigh the interest charges

Bigwheels1111

moneysaver said:

Bigwheels1111 said:

Why are you at a dealer in the first place.
All the broker sites say pay deposit and pay the balance when you get the car delivered or when you collect it.
I just helped a friend order a Toyota Corolla estate, saved over 6k compared to the dealer.
I think they wanted £500 deposit, not 100% sure.

Any recommended brokers?

Here are a few, get a quote and take it to the main dealer and beat them with it.

I have not used any of them, If you do you need to make sure you are the first keeper.

https://www.broadspeed.com/

https://www.drivethedeal.com/

https://www.carfile.net/

https://www.discounted-new-cars.com/

https://www.autoebid.com/

https://www.cars2buy.co.uk/

https://www.uk-car-discount.co.uk/?s=20

https://www.new-car-discount.com/

https://www.nationwide-cars.co.uk/

https://www.360vehicleleasing.co.uk/  Lease or outright purchase

https://www.uknewcars.com/