Anyone have Experience with Drive The Deal?

[btcc123]

I have spoken to Western MB Edinburgh and they say that they cannot get nesr the online internet quotes I gave them which was £25454 from Broadspeed and £24976 from Drive the Deal.

I got a quote from Car wow and already I have had 2 quote from Mercedes dealers in North Yorkshire and Bristol with the same price of £25248 so will negotiate with the dealers to see if they can match the Drive the Deal price,if not I will go with DTD.

List price for the car I want is £30760 so if I can get it for the Drive the Deal price of £24976 thats a saving of £5784 which equates to 18.80% so a really good price especially for a Mercedes.

[Sheepshanks]

btcc123 said:

It looks like the mercedes link you put up relates to existing finance customers that have already driven there cars.I still believe that if you were at the ordering stage of a new vehicle and you cancelled Mercedes own finance you would lose the contribution.You get the Mercedes dealer contribution if you take out finance so logic says if you dont take out finance you lose the contribution.

Well, yes. The finance only triggers when you get the car. Until then it's just a proposal. So you can't cancel something you haven't got.

[btcc123]

Sheepshanks said:

Well, yes. The finance only triggers when you get the car. Until then it's just a proposal. So you can't cancel something you haven't got.

Ok Thanks for that.I have never financed a car and dont know a lot about it but looks like you do the finance deal sometime before the new car arrives at the dealers,you pay and drive the car away on the same day and the finance triggers and then you have 14 days to cancel the finance agreement.

I can see that they cannot do a lot to get the finance contribution back as you could always say tough I will pay the finance money in cash or say ok you have the car back and refund me my money.They are not going to do that as the car will be second hand but sure they will be a bit pissed off as they will lose their commission from the finance.

Is that how it works.

Is it not a danger for the dealers letting someone drive a new car away when the customer has 14 days to cancel the finance when it has not been confirmed.What would happen if the customer just did not pay the dealer the finance money another way,the car registered in the customers name and I guess a receipt to confirm payment.

I would not do that personally as its morally wrong but as I would only take out the minimum 3k finance to get the dealer contribution and can basically pay it off with a couple of monrhs notice and pay only a little bit of interest.