Do car dealers check your house value?

[Wacky Racer]

Someone might own a house worth 250k outright

Someone else one for 500k with a 400k mortgage on it.

[Jasandjules]

Wacky Racer said:

Someone might own a house worth 250k outright

Someone else one for 500k with a 400k mortgage on it.

My thoughts exactly.

Added to the idea that someone might be 25-30 living with parents and have plenty of spare cash to play with but the parents have a 150k house .......

I can't imagine a dealer would do that.

[jas xjr]

A friend reckoned some dealers would hpi the car you arrived in,as a matter of course,to see if there was any finance outstanding.this was done as you entered the dealership,apparently. Not sure if that would show up anywhere. He was a cash buyer of prestige cars.

[Butter Face]

Ollie123 said:

Well I agree as I'm sure they have better things to do, but maybe some car salesman will clarify.

We do it all the time, we also look you up on Facebook/linkin/twitter to see if you're a wker or not.







True story.

[okgo]

I flogged cars, never once checked where someone lived.

There again it was in one of the most affluent parts of the UK, so I guess not quite the same.

[poing]

daytona365 said:

Car's worth a third of the house ? I think someone's priorities are amiss. I'm a handy man living in London and I'd never spend more than say 5% of property worth...so around 50k tops.

That's because you are used to London property prices, my house is a 3 bed semi worth about the same as the OP's. As someone else said, how many bedrooms do I need for a £45k car? A 5/6 bedroom house around here can be had for a little over £250k so your 5% still doesn't allow a great car. I think his priorities seem just fine.

All this is just background noise because we still haven't got to the most important thing. OP, what car(s) are you looking at?

[okgo]

I think Daytona was likely joking...

[Vaud]

A dealer - especially a chain/group will want it for their CRM.

It is one way they can qualify sales. If you go to Sytner, they share data across their group - and they can see if you have been to VW, Audi, etc...

[Ollie123]

poing said:

That's because you are used to London property prices, my house is a 3 bed semi worth about the same as the OP's. As someone else said, how many bedrooms do I need for a £45k car? A 5/6 bedroom house around here can be had for a little over £250k so your 5% still doesn't allow a great car. I think his priorities seem just fine.

All this is just background noise because we still haven't got to the most important thing. OP, what car(s) are you looking at?

I fancy a luxo barge so a 6 gran coupe (thread in BMW section), that said I don't think its for me so I'm going to save up a bit more and go for a Panamera.

[pmanson]

Ollie123 said:

poing said:

That's because you are used to London property prices, my house is a 3 bed semi worth about the same as the OP's. As someone else said, how many bedrooms do I need for a £45k car? A 5/6 bedroom house around here can be had for a little over £250k so your 5% still doesn't allow a great car. I think his priorities seem just fine.

All this is just background noise because we still haven't got to the most important thing. OP, what car(s) are you looking at?

I fancy a luxo barge so a 6 gran coupe (thread in BMW section), that said I don't think its for me so I'm going to save up a bit more and go for a Panamera.

Some very good deals on the 6 at the moment - friend has just picked one up. 5 miles on the clock. £15k down and £315 p/mth over four years. 0% finance. I think it had a list price of £72k and he paid £48k

[Ollie123]

pmanson said:

Ollie123 said:

poing said:

That's because you are used to London property prices, my house is a 3 bed semi worth about the same as the OP's. As someone else said, how many bedrooms do I need for a £45k car? A 5/6 bedroom house around here can be had for a little over £250k so your 5% still doesn't allow a great car. I think his priorities seem just fine.

All this is just background noise because we still haven't got to the most important thing. OP, what car(s) are you looking at?

I fancy a luxo barge so a 6 gran coupe (thread in BMW section), that said I don't think its for me so I'm going to save up a bit more and go for a Panamera.

Some very good deals on the 6 at the moment - friend has just picked one up. 5 miles on the clock. £15k down and £315 p/mth over four years. 0% finance. I think it had a list price of £72k and he paid £48k

Thanks for the headsup but 4 years is too long to keep me entertained, 12 months max I think.

If he paid £48k would that offer apply to cash buyers? I was thinking of spending £45k on a used example.

[lord trumpton]

Its just to get you one the system so you can get sent emails, texts and letters about promotions and pass it around the group so they can do the same.

[gavsdavs]

Ollie123 said:

I'd actually really like an answer, a new perspective is everything.

Anti Money Laundering. Anyone transacting £45k sums is an avenue for inadvertantly hiding ill-gotten gains (like drug dealing proceeds).

Car dealers might be obliged to perform some due diligence - establishing the identity of the person they're dealing with.

Only guessing, it's almost certainly nothing to do with the value of your house, it's that you don't blink or fluff when asked your address.

[Ollie123]

gavsdavs said:

Ollie123 said:

I'd actually really like an answer, a new perspective is everything.

Anti Money Laundering. Anyone transacting £45k sums is an avenue for inadvertantly hiding ill-gotten gains (like drug dealing proceeds).

Car dealers might be obliged to perform some due diligence - establishing the identity of the person they're dealing with.

Only guessing, it's almost certainly nothing to do with the value of your house, it's that you don't blink or fluff when asked your address.

I think you have misunderstood, I wasn't asking why they take your details that much is obvious.

What I meant is do they have a gander on Zoopla afterwards?

[daytona365]

My wife wants us to sell the car and buy a castle with two hundred acres of land in Scotland with the proceeds.

[gavsdavs]

Ollie123 said:

What I meant is do they have a gander on Zoopla afterwards?

I seriously doubt they are interested in your house. what makes you think they might be ?

[pmanson]

Ollie123 said:

pmanson said:

Ollie123 said:

poing said:

That's because you are used to London property prices, my house is a 3 bed semi worth about the same as the OP's. As someone else said, how many bedrooms do I need for a £45k car? A 5/6 bedroom house around here can be had for a little over £250k so your 5% still doesn't allow a great car. I think his priorities seem just fine.

All this is just background noise because we still haven't got to the most important thing. OP, what car(s) are you looking at?

I fancy a luxo barge so a 6 gran coupe (thread in BMW section), that said I don't think its for me so I'm going to save up a bit more and go for a Panamera.

Some very good deals on the 6 at the moment - friend has just picked one up. 5 miles on the clock. £15k down and £315 p/mth over four years. 0% finance. I think it had a list price of £72k and he paid £48k

Thanks for the headsup but 4 years is too long to keep me entertained, 12 months max I think.

If he paid £48k would that offer apply to cash buyers? I was thinking of spending £45k on a used example.

I have no idea to be honest. Nothing to stop you taking the finance out then paying it off after a couple of months (or at the 12 month point when you want to sell).

Dealer was Park Lane

[Matt Harper]

750turbo said:

E92Dan said:

I wouldn't buy a car that's worth 1/3 of the value of my house, but it's your money.

WTF?

Are you real?

No, he's just a bit inconsiderable.

[PositronicRay]

When I was selling top end cars I was interested in the area, not the house value as such, at this stage I have no idea if they are the owner of said property. I was wary/careful of buyers from some areas. I would take all enquiries seriously unless they proved otherwise.

Taking you're address is normal business practice. When you arrive for a demo I'll also want to make sure your driving licence matches the details supplied.

Edited by PositronicRay on Thursday 27th August 21:44

[interloper]

I cannot imagine a salesman looking up your property values on Zoopla. Having been in the trade and hung around with a few salesman, if they had spare time, it was normaly spent seeing if they could find semi pornographic videos on youtube (proper sites blocked obviously!). Or trying to chat up the receptionist, or looking at ice cream vans on ebay.... Never Zoopla, well unless the Mrs had booted them out!