no discount for cash
Discussion
Wills2 said:
If the dealership is doing a 0% finance deal on the car, IIRC then they cannot offer you a discount for cash on that car as it would mean it's not 0% finance.
Dead right. If they discount for cash it would expose the fact that the credit isn't really free.Its quite perverse really, because obviously credit is not actually free its just that the credit charge is built into the price. This is why logically you'd expect a discount for cash, because if you don't that means your paying the credit charge even though you're not taking any credit.
The answer is a) buy on credit or b) don't by from a dealer offing 0% finance.
I thought about buying a C1 end of last year, my dealer was offering pre-reg C1 VTs for £5500. You wouldn't get them that cheap today what with the VAT hike etc but you should certainly get a healthy saving of list price. Not sure about the DS3, its supposed to be like the MINI/ MiTo/ A1 etc and sold without much discount. Resale values are quite strong on both.
Fleckers said:
time to get a credit card, stick it on there,cost teh dealers money then pay off the card in cash
The dealer isnt saying no to just hard physical pound notes - when the OP says cash he means, not needing finance, so paying on CC or Debit Card would not help the situation (at this dealer).EK993 said:
I really struggle to understand why people think that paying cash should mean a discount - what benfit does the dealer get from doing a cash deal for a car versus them getting additional commission for selling a finance deal?
If one has cash for a car then surely hes not going to enter into a finance deal.So if theres no discount up for grabs then customer will move on to somewhere that will offer a discount, this would mean the dealer still has cars on his forecourt and wont turn metal into money, which is surely what his aim is.
Its only natural to want a bit off for cash bruv
bananaman1 said:
Part ex value was not bad
Then you've already had your discount.If you think the p/x price was ok you can almost guaruntee they've over allowed by using margin from the new car.
Ring them and tell them you don't want to p/x your car and I'll bet the discount will magically appear.
Mark-C said:
Don't most dealers say no to CC payment for cars because of what it costs them?
Yeah, many won't even take the deposit using a CC. We were looking at a C1 last summer as my daughter is learning to drive, they wouldn't do any deals on new then, so went down to Toyota and looked at the Aygo, they would do a deal. Although probably more profit as theirs is more expensive. Then when I said I would pay cash they explained that Toyota woud give a £1000 contribution if I used finance and the dealer would match it, so £2000 off just by using finance.
Interest on the said finance was £980.
So managed £2000 off due to fiance and another £1000 off through negotiations, so £3000 in total less the £980 interest, £2020 discount and the car paid for over 48 months so no money tied up.
That brought the Toyota down to around the same price as the C1, but with better residuals so should be about £1000 cheaper over 4 years.
A cash buyer is the worst, I would make out your using fiance until the day you collect and then just pay cash.
Broadspeed will get you a decent discount on a DS3, if you want to go down that road.
http://www.broadspeed.com/new_cars/Citroen/DS3
http://www.broadspeed.com/new_cars/Citroen/DS3
Raverbaby said:
If one has cash for a car then surely hes not going to enter into a finance deal.
So if theres no discount up for grabs then customer will move on to somewhere that will offer a discount, this would mean the dealer still has cars on his forecourt and wont turn metal into money, which is surely what his aim is.
Its only natural to want a bit off for cash bruv
Thats my thoughts too :-)So if theres no discount up for grabs then customer will move on to somewhere that will offer a discount, this would mean the dealer still has cars on his forecourt and wont turn metal into money, which is surely what his aim is.
Its only natural to want a bit off for cash bruv
Ari said:
Then you've already had your discount.
If you think the p/x price was ok you can almost guaruntee they've over allowed by using margin from the new car.
Ring them and tell them you don't want to p/x your car and I'll bet the discount will magically appear.
Part ex value was ok,but plenty of mark left for there bit on top when reselling ;-) just suited me as i hate selling cars.If you think the p/x price was ok you can almost guaruntee they've over allowed by using margin from the new car.
Ring them and tell them you don't want to p/x your car and I'll bet the discount will magically appear.
Rollcage said:
Broadspeed will get you a decent discount on a DS3, if you want to go down that road.
http://www.broadspeed.com/new_cars/Citroen/DS3
Thanks for the link ,when i'm next on the laptop and not the phone i shall be sure to check them out :-)http://www.broadspeed.com/new_cars/Citroen/DS3
gizlaroc said:
Yeah, many won't even take the deposit using a CC.
We were looking at a C1 last summer as my daughter is learning to drive, they wouldn't do any deals on new then, so went down to Toyota and looked at the Aygo, they would do a deal. Although probably more profit as theirs is more expensive. Then when I said I would pay cash they explained that Toyota woud give a £1000 contribution if I used finance and the dealer would match it, so £2000 off just by using finance.
Interest on the said finance was £980.
So managed £2000 off due to fiance and another £1000 off through negotiations, so £3000 in total less the £980 interest, £2020 discount and the car paid for over 48 months so no money tied up.
That brought the Toyota down to around the same price as the C1, but with better residuals so should be about £1000 cheaper over 4 years.
A cash buyer is the worst, I would make out your using fiance until the day you collect and then just pay cash.
Could you not have paid the finance off without incurring quite so much interest?We were looking at a C1 last summer as my daughter is learning to drive, they wouldn't do any deals on new then, so went down to Toyota and looked at the Aygo, they would do a deal. Although probably more profit as theirs is more expensive. Then when I said I would pay cash they explained that Toyota woud give a £1000 contribution if I used finance and the dealer would match it, so £2000 off just by using finance.
Interest on the said finance was £980.
So managed £2000 off due to fiance and another £1000 off through negotiations, so £3000 in total less the £980 interest, £2020 discount and the car paid for over 48 months so no money tied up.
That brought the Toyota down to around the same price as the C1, but with better residuals so should be about £1000 cheaper over 4 years.
A cash buyer is the worst, I would make out your using fiance until the day you collect and then just pay cash.
EK993 said:
I really struggle to understand why people think that paying cash should mean a discount - what benfit does the dealer get from doing a cash deal for a car versus them getting additional commission for selling a finance deal?
Because interest is built into the price. That's how they can offer 0% finance (finance isn't really free of course). So if you're paying cash you don't want to be paying the included cost of financeGassing Station | General Gassing | Top of Page | What's New | My Stuff