Haggling at garages?

The prices are usually set, so they're unwilling to reduce the price. I've bought two cars in the last five years in cash & it didn't make any difference. If anything they prefer you take it on finance as it's obviously financially better for them. You might get some little extras thrown into the deal though like servicing etc. Which makes it feel like you're getting a good deal.
 
We've taken the minimal amount of finance a couple of times, yielding a significant discount, then paid it off immediately with no penalty clause.
No brainier if you have spare cash.
 
ThatFragranceGuy said:
depends on the agreement but not all. If I was wanting to actually pay it on finance I would do a bank loan and just say it was for home improvement, but bank loans don't give dealers kickbacks so that's not going to help you get a better price. If I had the cash I would take it on finance and settle immediately, terms allowing, or take their finance out and settle it with my own finance.
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Why I am asking is I recently bought a second hand car through part ex’ and cash and was told they could knock something off the top if I took out finance.

I know times have moved on but I was always advised to avoid garage finance.
 
Norman_Conquest said:
Why I am asking is I recently bought a second hand car through part ex’ and cash and was told they could knock something off the top if I took out finance.

I know times have moved on but I was always advised to avoid garage finance.
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Once you've got the cat the dealer doesn't care what you do with the finance as they'll get their commission from the finance company. So even if payments are higher, as long as you can settle it immediately with no penalty, it can work in your favour.

The advice to avoid it is if actually paying for it on finance - because their rate are usually higher than elsewhere. But the idea isn't to actually use it you're just using it as an interim step
 
Just bought a brand new car 2 weeks ago. Yea it’s a best selling UK car so no deals to be had. He basically said what I see in the screen is the price you pay. If I took out finance, he would knock £500 off and I could pay off the finance the next day.
The garage offered me £7500 for my car
WBAC offered £8500
I sold it to Motorway for £10,161.
 
Obviously check the T&Cs and this is not financial advise but finance agreements normally have a 14 day (I think, see, not advice) cooling off period in which you can pay off the loan without incurring any charge.

If your T&Cs confirm this then you could take the finance to get the best deal on the car and then call the finance company within the cooling off period to avoid paying any interest.

This might have changed since I last looked at it.
 
Standard finance agreements tend to charge 56 days worth of interest on your current balance. So the cost effectiveness of settling any finance agreements will be entirely dependant on interest rate and the amount borrowed.
 
Colgates_shaving_foam said:
Obviously check the T&Cs and this is not financial advise but finance agreements normally have a 14 day (I think, see, not advice) cooling off period in which you can pay off the loan without incurring any charge.

If your T&Cs confirm this then you could take the finance to get the best deal on the car and then call the finance company within the cooling off period to avoid paying any interest.

This might have changed since I last looked at it.
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That is what I am doing, buying brand new car for first time and got £3k discount to take out PCP which I plan to pay off as soon as I get the car. As far as I am aware the 14 day cooling period is a legal requirement
 
Also if they tell you no discount, doesn't mean no discount is available. They might just be filtering you. Get all the details and send them an email, make them an offer and say you're willing to come down and deal, but you're speaking to other garages. Say your offer stands until a deadline.
 
ThatFragranceGuy said:
Also if they tell you no discount, doesn't mean no discount is available. They might just be filtering you. Get all the details and send them an email, make them an offer and say you're willing to come down and deal, but you're speaking to other garages. Say your offer stands until a deadline.
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I agree, was offered a deal but then quoted an online deal available through drivethedeal. Ended up getting another £3k off the price (in addition to PCP element) and a package of extras
 
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