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New car

(12 Posts)
AmberFool Fri 11-Dec-15 21:57:57

Am thinking about getting a new car. And I just wondered if anyone can give advice on how much I could negotiate on the price, especially with finance deals.

So for example, if I was to buy a car for 0% finance for 4 years, with a deposit of £3000, and a monthly payment of £200 for 4 years (cash price £12,600), would I be able to reduce the overall price (and therefore my monthly payment) or is the price set in stone for the finance deal?

Bearbehind Fri 11-Dec-15 22:08:29

The base rate is 0.5% so dealerships/ manufacturers are already subsidising 0% finance deals.

You might get a discount for purchasing before year end so they meet their targets but 0% finance isn't going to get you an additional discount.

BikeRunSki Fri 11-Dec-15 22:10:27

I imagine you might get a decent deal from VW at the moment.

specialsubject Sat 12-Dec-15 13:53:27

there was someone on here who worked in a car dealership, and strongly advised NEVER to buy a new car due to all the likely faults. Buy one a year old where they've been fixed. Cost you a lot less too as new cars depreciate massively.

bruffin Sat 12-Dec-15 14:04:47

That person is talking rubbish specialist subject. I work for a duel dealership and very few new cars we sell have problems. Ex demos are good value though, but they are a new car and obviously a year old car will be cheaper.
The dealership will earn a commission on the finance deal so the will make more on a financed car. We dont do 0% finance so wouldnt know who subsidises those

bruffin Sat 12-Dec-15 14:11:54

unfinanced car

AnonymousBird Sat 12-Dec-15 14:23:16

"you might get a decent deal from VW at the moment"

Yup!!!just did yesterday!smile

Redglitter Sat 12-Dec-15 14:31:54

I'd recommend going for a pre registered car. That way you get the best if both worlds. I got a pre registered one which had £7k off the manufacturers Web page and it had 14 mlies on the clock. Id never buy brand new again now

bruffin Sat 12-Dec-15 16:07:28

Sorry meant pre reg as well as ex demos earlier.

AnonymousBird Sat 12-Dec-15 20:41:39

Ours is ex demo, v low mileage so as new. £4.5k less than new model and still getting deposit contribution even though "used". Plus 3 years of servicing.

Ta1kinPeace Sat 12-Dec-15 23:14:02

I'm looking at a replacement car at the moment
looking at 10k mileage because younger than that and they depreciate at £1 per mile

AmberFool Sat 12-Dec-15 23:50:18

Thanks everyone. I am having a look at pre-reg cars. I may have found one that looks promising (7K off) - I'm hoping to go on a test drive tomorrow.

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