Do car dealers check your house value?

[Ollie123]

This may sound cynical so apologies in advance.

I am shopping for a new car at the moment with a cash budget of £45k, but before arranging an appointment most car dealers want your name, full address, email and phone number (which is fair enough I suppose).

Do you think they ever check your house value on Zoopla to gauge your potential as a legitimate buyer?

The reason I ask is obviously £45k is not an inconsiderate sum in most peoples books, but my house is only worth £130k (I live up north).

It suits my needs and I have no interest in being mortgaged to the hills, but I do wonder if some salesman would check and think how can someone in a cheap home afford this car, and thus not take you seriously.

[Ollie123]

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

[Ollie123]

E92Dan said:

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

Why not?

Do you think I need a more expensive house to justify an expensive car? Does the house need to be bigger or just more expensive?

What if it was the same house but in London and worth £2 million pounds, then would it be ok to spend £45k on a car?

Serious question.

One last thing, does it matter if the house is mortgaged or not?

[Ollie123]

E92Dan said:

I just wouldn't if it was my money, but like I said it's your money so do what you like.

But why not? Not trying to be funny but I'm interested in your thinking as I may have missed something.

RobinBanks 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.

I can't see a problem with living in a cheap area but having a high level of income.

I'd imagine it's particularly common for young, single and successful people.

This is me, I'm still a bit off 30 and my NET income is more than my budget posted above.

[Ollie123]

daytona365 said:

Car's worth half the house ? I think someone's priorities are amiss.

Why? Please see the questions I pointed to E92Dan.

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

[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.

[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.

[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?