Does this sound like a good deal on a new fiesta??

[dean350z]

Morning all,

Due to a change in job my wife will be losing her company car so over this last week we have been looking at different car options for her and have settled on a new Fiesta, she isn't after anything flashy just cheap, reliable and practical as we have my 350z for a more fun car.

After going back and forth between Essex ford and Dagenham motors the best deal on the table is from Dagenham, who I have preferred dealing with, it is as follows, a 1.25 zetec, metallic paint (£525 option), spare wheel (£95 option), matt set (£35 option) and half a tank of fuel (about £30).

We will be going with the Ford options package over 2 years at 4.9% APR and putting down a £1000 deposit, Ford will top that up by £250 making it £1250, we have the Ford discount ticket and after playing the dealers off each other Dagenham came out best with a monthly payment of £120, I don't recall the exact price (I have it written down somewhere) but it brought the price of the car down to just under £9900 and list price was just over £13k.

What do you think, would you take it? Any thoughts appreciated.

[Sammo123]

That sounds like a very fair deal to me. I would take them up on that. I worked as a salesman for Dagenham Motors for 5 years BTW.

[McWigglebum3rd]

But you could get an M5 for that money which would cost far more to run and would be completely unsuitable

[Bill]

dean350z said:

?..metallic paint (£525 option)..., matt set (£35 option)

[Toilet Duck]

McWigglebum3rd said:

But you could get an M5 for that money which would cost far more to run and would be completely unsuitable

He should get a 330d and remap it then, lower running costs than a M5 and enough torque to meet the criteria in his original post. Oh wait, MX5.

[dean350z]

McWigglebum3rd said:

But you could get an M5 for that money which would cost far more to run and would be completely unsuitable

[dean350z]

Bill said:

dean350z said:

?..metallic paint (£525 option)..., matt set (£35 option)

That's the deal, there are 3 base colours but the pearl and metallics are an extra cost, same with the mat set, velour mats cost more and velour mats with metallic stitching are even more.

[carreauchompeur]

Why have you not specced:

Aston Martin badge set £279

???

Sounds like a good deal, overall. 2 years finance then a balloon?

[Bonefish Blues]

Looks good to me, too.

[cptsideways]

Are you actually getting a discount on the car pre discount voucher (whatever it is) sounds to me like your paying list with a contribution from them on the finance deal.

[dean350z]

carreauchompeur said:

Sounds like a good deal, overall. 2 years finance then a balloon?

That's right, I guess she then looks to chop it in or re finance the outstanding balance.

[Bill]

dean350z said:

That's the deal, there are 3 base colours but the pearl and metallics are an extra cost, same with the mat set, velour mats cost more and velour mats with metallic stitching are even more.

Sorry, poor attempt at humour.

Really struggling to get excited about this thread tbh, and can't see why, if one of your criteria is "cheap", you choose new over 3 year old.

[dean350z]

cptsideways said:

Are you actually getting a discount on the car pre discount voucher (whatever it is) sounds to me like your paying list with a contribution from them on the finance deal.

That was what i was thinking, when we bought her previous fords we did the deal then i threw in we had the discount voucher, foolishly I was up front about the voucher and if I'm honest that was the reason for me posting this up in the first place...I said this to the chap at Dagenham as from Fords point of view i was effectively walking in and paying the price on the windscreen with out any discount.

[dean350z]

Bill said:

Sorry, poor attempt at humour.

Really struggling to get excited about this thread tbh, and can't see why, if one of your criteria is "cheap", you choose new over 3 year old.

because she gets the discount voucher it's always worth her having a look at a brand new ford, I'm not personally a fan of new cars and would rather buy something that has already taken a hit on value.

The appeal for her is that aside from the annual service there should be zero running costs.

[Bill]

If she got something out of warranty she wouldn't even need to service it

[wemorgan]

dean350z said:

The appeal for her is that aside from the annual service there should be zero running costs.

If fixed monthly costs are important, then it may be worth having a look at some lease deals.
Many have lower initial payments (deposit) than hire purchase schemes.

[okie592]

How much a month? Have a look at lease deals on google for similar money. I wouldn't be buying a new fiesta without the 1.0 ecoboost engine personally.

[dean350z]

I did have a little look at leasing but I couldn't help but think that with finance for the same amount of money per month at least in a X amount of years time potentially we would be left owning a car worth money.

[Bonefish Blues]

okie592 said:

How much a month? Have a look at lease deals on google for similar money. I wouldn't be buying a new fiesta without the 1.0 ecoboost engine personally.

That engine certainly seems the business based on stats and indeed is said to drive well but gets nowhere near its stated consumption in real world driving in any review I've seen. IIRC Evo quoting mid-30s from one they drove. If that's important to Mrs OP.

[wemorgan]

dean350z said:

I did have a little look at leasing but I couldn't help but think that with finance for the same amount of money per month at least in a X amount of years time potentially we would be left owning a car worth money.

isn't there a final balloon payment with the current offer you speak of?