Eager dealer
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Discussion

crankedup

Original Poster:

25,764 posts

263 months

Saturday 1st September 2018
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Having used my credit card to pay a £200 holding deposit on a used car I am interested in.
I now have sent to me the warranty booklet and policy, a welcome letter today arrived as well.
I had to postpone my original viewing and we agreed a new appointment for next week. Email back tells me that my car, the p/x which has a suggested value which I used from autotrader may drop in value as the new plate is being released thereby possible devalue my car.

All this and I haven’t seen the car yet! It’s a long haul to the dealership but the car we are interested in is fairly rare. Is the above simply hard sell techniques? I want to haggle the price if we like the car but they seem to be giving the impression price is the price.

johnnyBv8

2,479 posts

211 months

Saturday 1st September 2018
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If your car drops in value due to the new plate release, presumably the car you're buying drops for the same reason....?

bad company

21,171 posts

286 months

Saturday 1st September 2018
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I’d say the holding deposit was a mistake. I’d have risked the car not selling before you get there.

crankedup

Original Poster:

25,764 posts

263 months

Saturday 1st September 2018
quotequote all
bad company said:
I’d say the holding deposit was a mistake. I’d have risked the car not selling before you get there.
Possibly weakened my hand a little, but it’s the only car in the U.K. at the moment available at the budget I am prepared to pay. Been looking for about si x weeks on the National search of auto trader.

Going to look at it on Monday.

crankedup

Original Poster:

25,764 posts

263 months

Saturday 1st September 2018
quotequote all
johnnyBv8 said:
If your car drops in value due to the new plate release, presumably the car you're buying drops for the same reason....?
That was my immeadiate though when I read the email, seems odd to use such a tactic ?

steve-5snwi

9,788 posts

113 months

Saturday 1st September 2018
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If you have put a deposit on the car then surely you have lost any negotiating position ? A deposit surely means you have agreed to buying the car assuming it is as described ?

At least they are being ahead of the game sending paperwork out rather than having to chase it.

crankedup

Original Poster:

25,764 posts

263 months

Saturday 1st September 2018
quotequote all
steve-5snwi said:
If you have put a deposit on the car then surely you have lost any negotiating position ? A deposit surely means you have agreed to buying the car assuming it is as described ?

At least they are being ahead of the game sending paperwork out rather than having to chase it.
The £200 I paid was a holding deposit not a buying deposit. They agreed to hold the car for a period of time which is what my £200 purchased. If I purchase, which is likely, the £200 is deducted from the final agreed price.
Certainly I may have weakened my trading hand, however I am still able to walk away iff no deal can be reached. They need me more than I need them is the mindset I will need to adopt.

I’m sure it won’t come to problems but as I have not signed any paperwork no dealer can assume a deal is done.

CrouchingWayne

743 posts

196 months

Saturday 1st September 2018
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If they refuse to haggle in price would you still buy it, or would you rather walk away?

crankedup

Original Poster:

25,764 posts

263 months

Saturday 1st September 2018
quotequote all
CrouchingWayne said:
If they refuse to haggle in price would you still buy it, or would you rather walk away?
TBH, I see the car fairly priced and the p/x value is there or thereabouts. Done my research and reasonably content with the money side. However, we all like a bargain, getting a couple of hundred quid off sweetens the deal and leaves the customer (me) perky. Maybe I can get a tank of fuel, although they have built in £25 already for fuel and £89 admin cost .
It’s going to be down to how the dealership play thier cards. Of course I want to buy the car and they want to sell it, we both need to feel perky following the deal I guess.
In fairness I would be daft to walk from the deal as it’s the car I wish to buy and not many of them about to choose from.

bad company

21,171 posts

286 months

Sunday 2nd September 2018
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Hope it works out for you op.

Please update when you’ve seen and possibly bought the car. I’m curious what can be so special / rare.

codenamecueball

710 posts

109 months

Sunday 2nd September 2018
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crankedup said:
TBH, I see the car fairly priced and the p/x value is there or thereabouts. Done my research and reasonably content with the money side. However, we all like a bargain, getting a couple of hundred quid off sweetens the deal and leaves the customer (me) perky. Maybe I can get a tank of fuel, although they have built in £25 already for fuel and £89 admin cost .
It’s going to be down to how the dealership play thier cards. Of course I want to buy the car and they want to sell it, we both need to feel perky following the deal I guess.
In fairness I would be daft to walk from the deal as it’s the car I wish to buy and not many of them about to choose from.
Admin cost?

bad company

21,171 posts

286 months

Sunday 2nd September 2018
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codenamecueball said:
Admin cost?
That’s the first thing I’d want taken off of the asking price.

DoubleD

22,154 posts

128 months

Sunday 2nd September 2018
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All businesses have admin costs, but they are usually hidden in the main cost. Not sure why some dealers mark it separately.

crankedup

Original Poster:

25,764 posts

263 months

Sunday 2nd September 2018
quotequote all
bad company said:
Hope it works out for you op.

Please update when you’ve seen and possibly bought the car. I’m curious what can be so special / rare.
I wouldn’t call the car special, not in the slightest, but it is rare. SEAT LEON 1.8tsi coupe. On,y three others available Nationwide Nd they all fall outside my budget.
No end of 1.2 tsi but not enough power for us. Some 1.4 tsi eco but again over the budget we have set aside.
Rarity in this case equals ‘just unpopular’ but it’s the car that would suit us.