The Car Salesman's Thread
Discussion
Fox- said:
MK4 Slowride said:
Yeah, f
ks the st out of me. You spend time with them, answer all their questions then they say "I need to go and think about it". That's fine, here's my card do please ask for me upon your return as we do work on commission and I'll look after you.
Then 3 hours later there they are with a colleague about to go for a test drive
From a customers perspective though they are buying a product from a company not an invidual. Its personally frustrating but.. your company still sells a product?ks the st out of me. You spend time with them, answer all their questions then they say "I need to go and think about it". That's fine, here's my card do please ask for me upon your return as we do work on commission and I'll look after you.Then 3 hours later there they are with a colleague about to go for a test drive
For a very short period I worked in a car supermarket. It would not be unusual to take an incoming telephone enquiry, tell the client all about the car they were interested in, and arrange for them to come in and see me. They would often not turn up, or, so it seemed. One day a colleague at an adjacent desk (there were 12 of us, all in a row) had signed someone up, and the client shook hands and thanked him using my name 
turns out this was common practise. Once the client had left, the salesman would put his own name on the contract. As handovers were done by seperate handover staff, and not sale staff, it was quite easy to get away with it 
turns out this was common practise. Once the client had left, the salesman would put his own name on the contract. As handovers were done by seperate handover staff, and not sale staff, it was quite easy to get away with it Balmoral said:
For a very short period I worked in a car supermarket. It would not be unusual to take an incoming telephone enquiry, tell the client all about the car they were interested in, and arrange for them to come in and see me. They would often not turn up, or, so it seemed. One day a colleague at an adjacent desk (there were 12 of us, all in a row) had signed someone up, and the client shook hands and thanked him using my name turns out this was common practise. Once the client had left, the salesman would put his own name on the contract. As handovers were done by seperate handover staff, and not sale staff, it was quite easy to get away with it
piss in tea time I think.. turns out this was common practise. Once the client had left, the salesman would put his own name on the contract. As handovers were done by seperate handover staff, and not sale staff, it was quite easy to get away with it Quick question for the experts on here:
What is the requirements for PCP deals? Always paid cash in the past but am looking at a new car, £30k with £5k deposit. I'm 29, self employed for just over a year, home owner and have very good credit history.
Is it the same requirements as a loan ie 2 years of books needed etc?
Any info would be great...
Thanks
What is the requirements for PCP deals? Always paid cash in the past but am looking at a new car, £30k with £5k deposit. I'm 29, self employed for just over a year, home owner and have very good credit history.
Is it the same requirements as a loan ie 2 years of books needed etc?
Any info would be great...
Thanks
Temo_Wil said:
Quick question for the experts on here:
What is the requirements for PCP deals? Always paid cash in the past but am looking at a new car, £30k with £5k deposit. I'm 29, self employed for just over a year, home owner and have very good credit history.
Is it the same requirements as a loan ie 2 years of books needed etc?
Any info would be great...
Thanks
Only if you're buying it under the companies name would you need to provide any books etc. Take the PCP out on yourself, and even though you've been self employed for a year they will look at your credit score, your previous employment and how much you have in the kitty every month and will 90% say yes!What is the requirements for PCP deals? Always paid cash in the past but am looking at a new car, £30k with £5k deposit. I'm 29, self employed for just over a year, home owner and have very good credit history.
Is it the same requirements as a loan ie 2 years of books needed etc?
Any info would be great...
Thanks
Temo_Wil said:
So, it sounds like it more self certification if I do it under my own name which is what I will be doing?
No, they're just assessing your credit rating and lending accordingly, which is entirely normal. Unless you have £250k in the bank and are actually self-certifying anyway.
Temo_Wil said:
But what proof of income will be required?
Usually none, oddly enough. Sometimes they ask income bracket, £0-10k/£10-25k/£25-50k/£50k+ etc. By listing your employment as "self employed", the most I've ever needed to ask for was the last 3 months' bank statements showing incomings and outgoings.
Company accounts have only come into it when the deal is contract hire and the company is less than 2 years old.
Mohammed786begum said:
Zwolf said:
Missed mortgage payments will not augur well for somebody trying to secure funding for a £40k+ Merc. It may flag up a little strange if the same applicant is applying for such different cars and a combined £60k-odd (assuming both are new) of lending, combined with a less than spotless track record.
Credit reference agencies do not care for the subjective reasons as to why a debt repayment was late or missed, they just record the objective fact and adjust the inherent level of risk they deem that indvidual to represent to future lenders accordingly.
Every different lender has their own criteria, but manufacturer finance arms tend to be the most stringent. If that gets declined, then the dealer can submit it to "second string" lenders (Black Horse typically), although that lender's GMFVs, rates of interest and deposit requirements will apply.
If that fails too, dealers can go the "sub-prime" lender route, but expect large deposit requirements and high rates of interest.
As has been said, there's no way for anyone to say categorically that he either will or won't be able to obtain credit - there are far too many variables involved. Proposing a deal however, will answer it. I'd suggest ensuring that there is a decent sized deposit going into the deal being put to them, rather than very little.
Thankyou for that! I think I'm going to tell him to wait s year or two as that seems the best option Credit reference agencies do not care for the subjective reasons as to why a debt repayment was late or missed, they just record the objective fact and adjust the inherent level of risk they deem that indvidual to represent to future lenders accordingly.
Every different lender has their own criteria, but manufacturer finance arms tend to be the most stringent. If that gets declined, then the dealer can submit it to "second string" lenders (Black Horse typically), although that lender's GMFVs, rates of interest and deposit requirements will apply.
If that fails too, dealers can go the "sub-prime" lender route, but expect large deposit requirements and high rates of interest.
As has been said, there's no way for anyone to say categorically that he either will or won't be able to obtain credit - there are far too many variables involved. Proposing a deal however, will answer it. I'd suggest ensuring that there is a decent sized deposit going into the deal being put to them, rather than very little.
Hope that helps...message me if you want advice on where to look for non prime, there's a few choices out there (but next to no non prime PCP I'm afraid). If you're non prime, I'd urge you not to be 'propped' to captive finance companies, it really is futile and potentially harmful..
Went to a National LandRover Dealership today with Mrs R to look at Discovery 3's and was unlucky enough to get the "young" salesman who had only been in the LandRover Franchise for a couple of weeks (said he previously worked at Fiat) and who was worse than useless. Unable to answer simple questions re spec, tax band, warranty and totally unable to give any info on the differences between a couple of similar, but obviously differently equipped, vehicles and no inclination to go get some more experienced backup or to go find the answers.
As it happens, from browsing the forecourt it quickly appeared clear that our £20k budget was probably giving us an older car than the majority they had on show so there wasn't any need to ask to speak to someone who knew what they were actually selling. Was still a surprise tho to see someone so totally ill-equipped to be facing customers at any end of the market but particularly the fairly specialised and expensive end.
As it happens, from browsing the forecourt it quickly appeared clear that our £20k budget was probably giving us an older car than the majority they had on show so there wasn't any need to ask to speak to someone who knew what they were actually selling. Was still a surprise tho to see someone so totally ill-equipped to be facing customers at any end of the market but particularly the fairly specialised and expensive end.
renmure said:
Went to a National LandRover Dealership today with Mrs R to look at Discovery 3's and was unlucky enough to get the "young" salesman who had only been in the LandRover Franchise for a couple of weeks (said he previously worked at Fiat) and who was worse than useless. Unable to answer simple questions re spec, tax band, warranty and totally unable to give any info on the differences between a couple of similar, but obviously differently equipped, vehicles and no inclination to go get some more experienced backup or to go find the answers.
As it happens, from browsing the forecourt it quickly appeared clear that our £20k budget was probably giving us an older car than the majority they had on show so there wasn't any need to ask to speak to someone who knew what they were actually selling. Was still a surprise tho to see someone so totally ill-equipped to be facing customers at any end of the market but particularly the fairly specialised and expensive end.
is your 'current fleet' section... erm, current? That's quite an impressive collection chap! Feel free to off-load anything you may not want once you find a Disco worthy of purchase As it happens, from browsing the forecourt it quickly appeared clear that our £20k budget was probably giving us an older car than the majority they had on show so there wasn't any need to ask to speak to someone who knew what they were actually selling. Was still a surprise tho to see someone so totally ill-equipped to be facing customers at any end of the market but particularly the fairly specialised and expensive end.
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