Buying A New Car

[thecurleyone]

Hi there
Yes, before any one else says it, top lurking I know!
Now to the question.
My wife is wanting to purchase a new Fiat 500.
Discounts are still some where between non-existent and microscopic.
Would we be better off paying as little as posible up front and buying it outright (cash sale), or would it be safer bought on a credit deal of some description? Obviously it will be dearer on credit (no 0% available) but if there should be problem(s) in the warranty period would we be in a better position if there are major troubles in getting repairs?
There are quite a few cases of people struggling with 'Lemon' cars, that people can be stuck with.
Thanks for any advice/ideas forthcoming.

[paulrussell]

It doesn't matter how you pay for the car, the warranty will be the same and won't affect any problem you may need to have some warranty work done to it. If you can get credit that's lower than the intrest you're earning with the money in the bank, then that would be best.

[thecurleyone]

Thanks for your reply
Bit negative I know, but if the car needed to be rejected, would it be easier to give it them back if we didn't own it as such?

[Deva Link]

thecurleyone said:

Thanks for your reply
Bit negative I know, but if the car needed to be rejected, would it be easier to give it them back if we didn't own it as such?

Perfect solution: Don't buy it in the first place, then there's no need to reject it.
You'll also not have to agonise over the best way to buy it, or suffer from buyer's remorse.

[Gruber]

thecurleyone said:

Thanks for your reply
Bit negative I know, but if the car needed to be rejected, would it be easier to give it them back if we didn't own it as such?

No. Probably more difficult, if anything. It just adds a third party to the mix.

If you take out Fiat finance, you're not actually getting finance from the dealer - it comes from a central finance house. Aside from commission, it really makes no difference to the dealer - they get their money from the finance company the day you take the car away and then you make payments to the finance company. So no special treatment from the dealer if you then decide to try to take it back, and the finance co just wants its money back.

[thecurleyone]

Gruber said:

No. Probably more difficult, if anything. It just adds a third party to the mix.

If you take out Fiat finance, you're not actually getting finance from the dealer - it comes from a central finance house. Aside from commission, it really makes no difference to the dealer - they get their money from the finance company the day you take the car away and then you make payments to the finance company. So no special treatment from the dealer if you then decide to try to take it back, and the finance co just wants its money back.

Good point
Outright sale it is then, probably would of done so any way, hate paying more for things on credit. Just curious if there would of been a worthwhile benefit.
Wife and I off for second test drive later today before she signs on the line!!