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Wanting to buy a car

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I am looking to buy a car and was wondering when within the next month and a half would be able to get me the best deal. I am looking to buy a 3 series bmw saloon if that helps
zhavybez Avatar
2m, 4w agoPosted 2 months, 4 weeks ago
I am looking to buy a car and was wondering when within the next month and a half would be able to get me the best deal. I am looking to buy a 3 series bmw saloon if that helps
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zhavybez Avatar
2m, 4w agoPosted 2 months, 4 weeks ago
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#1
Depends on if your looking to buy privately or from a dealer. If you are buying privately I would wait until just after or just before Christmas when people are short on money. Not as many buyers around this time of year so it will work in your favour when negotiating a price.
#2
Im looking at dealers as I dont trust private sellers and think it is more risky
#3
the weekend before xmas. dealers are desperate to sell cars then if they haven't reached their quota. go on Thursday and look. Then go back at weekend to same dealers and make an offer approx £800 lower than their 'best price'. even big dealers will compromise. be prepared to drop to maybe £400 reduction. obviously have other options you are interested in and give dealers your mobile.
#4
zhavybez
Im looking at dealers as I dont trust private sellers and think it is more risky
Just in case you are not aware of everything involved with buying used car read this link first.

Cash is always King. Don't be enticed by any finance deals - they will always say their deals are better than any other finance arrangements you can make. Even with cash, pay a little amount by credit card - it gives you extra protection.
Just keep shopping around - don't give yourself any time pressures - don't be upset if you miss out on something - there must be 100s of used BMW series 3 out there if not more. Take your time - never look desperate to buy - practice your poker hand. When you get to what you think is the final deal which you are both agreed on - walk away saying if they can't do better than that you will keep looking - and do that again when they offer you something else. Even free car washes for a month can be good!

Good luck!
#5
tardytortoise

Cash is always King.!

got to disagree with this. Because they make more money from finance than from the car, you often find that the best price is a finance price. The key is to make sure you can pay off the finance asap with no costs.
#6
mas99
tardytortoise

Cash is always King.!

got to disagree with this. Because they make more money from finance than from the car, you often find that the best price is a finance price. The key is to make sure you can pay off the finance asap with no costs.


​this.

they can offer all sorts of incentives for a finance deal so it can sometimes be cheaper to buy on finance rather than 100% cash.
#7
Better off waiting until mid February- couple of weeks before the release of the 17 plates and buy the demo cars. You can get some great deals. They are always keen to shift the old demo cars off the forecourt.
#8
adamspencer95
mas99
tardytortoise
Cash is always King.!
got to disagree with this. Because they make more money from finance than from the car, you often find that the best price is a finance price. The key is to make sure you can pay off the finance asap with no costs.
​this.
they can offer all sorts of incentives for a finance deal so it can sometimes be cheaper to buy on finance rather than 100% cash.
some small amendment to your statement
they can offer all sorts of incentives for a finance deal so it can sometimes appear to be cheaper to buy on finance rather than 100% cash
#9
tardytortoise
adamspencer95
mas99
tardytortoise
Cash is always King.!
got to disagree with this. Because they make more money from finance than from the car, you often find that the best price is a finance price. The key is to make sure you can pay off the finance asap with no costs.
​this.
they can offer all sorts of incentives for a finance deal so it can sometimes be cheaper to buy on finance rather than 100% cash.
some small amendment to your statement
they can offer all sorts of incentives for a finance deal so it can sometimes appear to be cheaper to buy on finance rather than 100% cash


​what, so 0% finance with a deposit contribution from the dealer isnt better than cash?

yeah... thats what i thought.
#10
adamspencer95
tardytortoise
adamspencer95
mas99
tardytortoise
Cash is always King.!
got to disagree with this. Because they make more money from finance than from the car, you often find that the best price is a finance price. The key is to make sure you can pay off the finance asap with no costs.
​this.
they can offer all sorts of incentives for a finance deal so it can sometimes be cheaper to buy on finance rather than 100% cash.
some small amendment to your statementthey can offer all sorts of incentives for a finance deal so it can sometimes appear to be cheaper to buy on finance rather than 100% cash
​what, so 0% finance with a deposit contribution from the dealer isnt better than cash?
yeah... thats what i thought.
you will be telling me next they just love giving everyone free money for nothing and they hate making profit :) why do you think they hate cash buyers? sure, they love cash buyers who possess no negotiation skills, but the whole finance industry is built upon people wanting credit. Do they mind the odd defaulter? No, cos the other mugs are paying enough to pay for those bad debtors also.
#11
You are missing the big picture.
You are not dealing with a logical entity, you are dealing with a number of organisations with aims which are slightly differnt and it is possible to take advantage of those differences.

1st point is that there is very little profit in an individual car, really. Look at auction prices vs retail prices.
If you start trying to play hard ball for a cash price you will get blown off. You are taking up the salespersons time while not offering them any return.
You need to understand how the system works and that there are different systems in place depending on the type of dealer you are buying from and if the car is new or used. Targets as used to motivate both salespeople and dealerships can be manipulated.

The only time you might get a good deal on a cash purchase is if you are able to make up a salespersons or dealers quota at the end of quarter or end of year.
#12
tardytortoise
adamspencer95
tardytortoise
adamspencer95
mas99
tardytortoise
Cash is always King.!
got to disagree with this. Because they make more money from finance than from the car, you often find that the best price is a finance price. The key is to make sure you can pay off the finance asap with no costs.
​this.
they can offer all sorts of incentives for a finance deal so it can sometimes be cheaper to buy on finance rather than 100% cash.
some small amendment to your statementthey can offer all sorts of incentives for a finance deal so it can sometimes appear to be cheaper to buy on finance rather than 100% cash
​what, so 0% finance with a deposit contribution from the dealer isnt better than cash?
yeah... thats what i thought.
you will be telling me next they just love giving everyone free money for nothing and they hate making profit :) why do you think they hate cash buyers? sure, they love cash buyers who possess no negotiation skills, but the whole finance industry is built upon people wanting credit. Do they mind the odd defaulter? No, cos the other mugs are paying enough to pay for those bad debtors also.


​its a fact that dealers prefer selling cars on finance, yes, because the finance company often give commission.

that doesnt detract from the fact that some finance deals work out cheaper than paying in cash. also bear in mind even if you have the cash, you could invest it during the time of the finance arrangement and earn more money rather than it being trapped in a depreciating asset.

around 75% of new car purchases are made on credit so theres obviously a reason behind it.

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