📨 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!

Why so cheap?

124»

Comments

  • rca779
    rca779 Posts: 457 Forumite
    Part of the Furniture 100 Posts
    They offered to refund my deposit at the weekend when the car wasn't ready for viewing despite making an appointment
  • CliveOfIndia
    CliveOfIndia Posts: 2,576 Forumite
    1,000 Posts Second Anniversary Name Dropper
    rca779 said:
    It's a 2017 car ... and a 1.6 diesel. 
    Will there be any issues with driving it in a low-emission zone area?  About a year ago we were looking at a replacement car, and there were loads of older diesels available, which would have been fine for us.  But then we realised we wouldn't be able to drive them in Glasgow, Dundee or any of the Scottish LEZ's.  A petrol-engined car of the same age was fine.
    Might be worth checking - or it may not be an issue for you either way, depending on where you drive.  But if it'll mean you're restricted as to where you can drive it, that may be one reason for the low price.

  • rca779
    rca779 Posts: 457 Forumite
    Part of the Furniture 100 Posts
    rca779 said:
    It's a 2017 car ... and a 1.6 diesel. 
    Will there be any issues with driving it in a low-emission zone area?  About a year ago we were looking at a replacement car, and there were loads of older diesels available, which would have been fine for us.  But then we realised we wouldn't be able to drive them in Glasgow, Dundee or any of the Scottish LEZ's.  A petrol-engined car of the same age was fine.
    Might be worth checking - or it may not be an issue for you either way, depending on where you drive.  But if it'll mean you're restricted as to where you can drive it, that may be one reason for the low price.

    It is euro 6,  it's ULEZ compliant 
  • stuhse
    stuhse Posts: 305 Forumite
    Third Anniversary 100 Posts Name Dropper
    edited 8 September at 1:25PM
    daveyjp said:
    stuhse said:
    The reason its cheap is in the advert..look at the ownership and history tab.....Outstanding finance
    Not such a zinger.  When you trade a vehicle dealers don't buy it, they also finance it.  When it is sold this asset is removed from their inventory and the 'debt' is gone.
    Autotraders advice :

    Should I buy a car on outstanding finance?

    If you know the car has outstanding finance, walk away.
    If you buy a car with outstanding finance and become the registered keeper, it may be your responsibility to pay off the remaining balance – on top of what you’ve already paid for the car. If you don’t repay the outstanding finance, the lender could repossess it – leaving you without a car and without the cash you paid for it. While there is some legal protection for buying in good faith, getting that money back can be tricky, and could even end up in court action. Sometimes, dealerships settle outstanding finance as part of the sale. This is common, but you should discuss it with them before you hand over any money and get written confirmation that they’ll pay off the outstanding amount.

    https://www.autotrader.co.uk/content/advice/should-i-buy-a-car-with-outstanding-finance
  • Arunmor
    Arunmor Posts: 640 Forumite
    500 Posts First Anniversary Name Dropper
    stuhse said:
    daveyjp said:
    stuhse said:
    The reason its cheap is in the advert..look at the ownership and history tab.....Outstanding finance
    Not such a zinger.  When you trade a vehicle dealers don't buy it, they also finance it.  When it is sold this asset is removed from their inventory and the 'debt' is gone.
    Autotraders advice :

    Should I buy a car on outstanding finance?

    If you know the car has outstanding finance, walk away.
    If you buy a car with outstanding finance and become the registered keeper, it may be your responsibility to pay off the remaining balance – on top of what you’ve already paid for the car. If you don’t repay the outstanding finance, the lender could repossess it – leaving you without a car and without the cash you paid for it. While there is some legal protection for buying in good faith, getting that money back can be tricky, and could even end up in court action. Sometimes, dealerships settle outstanding finance as part of the sale. This is common, but you should discuss it with them before you hand over any money and get written confirmation that they’ll pay off the outstanding amount.

    https://www.autotrader.co.uk/content/advice/should-i-buy-a-car-with-outstanding-finance
    Why are you being alarmist?  These things can be double checked and sorted.  You also forgot this piece from Autotrader.
  • CliveOfIndia
    CliveOfIndia Posts: 2,576 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Arunmor said:

    Why are you being alarmist?  These things can be double checked and sorted.  
    Spot on.  The problem arises when you suddenly become aware of outstanding finance that you didn't previously know about (which is one of the reasons an HPI check can be well worthwhile).
    If you know in advance, then you can make sure it's sorted out.
    And any reputable dealer will be well used to dealing with such things, and will have factored that into their price - such that they sell it to you "clean", as it were.  Obviously, it's prudent to double-check for yourself before handing over the money - but in and of itself, it needn't be an issue.

  • jimjames
    jimjames Posts: 18,768 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 8 September at 4:28PM
    rca779 said:
    sleigh_2 said:
    rca779 said:
    Yep that's it. We've put a holding deposit down and we're just off to see it

    What do you think?
    One thing confuses me, there are 10's of thousands of used cars around, why oh why would you put a deposit on something you hadn't seen, 
    It's a fully refundable deposit to simply reserve the car. I put the deposit down on the Monday because I knew I wouldn't be able to view it until the Saturday 
    It's been on sale since May, probably no rush to get there in 5 days, Hopefully you can get the deposit back ok. Don't believe a garage just because they say it is refundable means it actually is.
    Remember the saying: if it looks too good to be true it almost certainly is.
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
  • 351.6K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 599.9K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.