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    How easy is it to buy a new car on finance??

    im going on friday to maybe get a new car, but i dunno if i can get it on finance or not.... i only work part time, my partner full time....so can we apply together??? also my credit is bad got a ccj from britannia music, which was their fault.....anyway....just wondering if they will deffinatly ask for a guarentor?? maybe someone working in car sales or finance can help??

    25 Comments

    Original Poster

    also the bad credit i had is from when i was like 20....so its 7 year old....does it ever get wiped off?? and ive only been at my current address for around a year...tho 3 years in same block....

    I think CCJ's last 6 years so you should be fine with that

    why not ask bank for a loan - if you take car finance you have to have extra insurance to cover finance - god forbid the car is ever writtin off - you wont get money - finance company get it - at least with the bank they cannot take your car (well only in extreme cases)

    plus if you are buying a new car with paying cash - ie loan off bank - you ask dealer for discount and extras

    these are my views only from personal experience

    I agree with holly100 - you bank are more likely to approve you if you've been sensible... Finance deals are generally quite expensive.

    Check with the garage before signing any loan agreements. A lot of dealers are offering 0% finance or very low rates.

    You can still get discounts from dealers even if you're not paying in cash.

    Go to this site: whatcar.co.uk/

    In the top left corner is a calculator that shows what you should pay fro a car (rather than what the dealer wants you to pay). It offers this advice:

    Shop around - ring or visit several dealers and brokers then play one off … Shop around - ring or visit several dealers and brokers then play one off against the other.Don't tell the salesman how much you've got to spend - and remember that Target Prices are starting points for negotiations.Stick to the car you want - dealers may push you towards a cheaper car to try to keep their profit margin up. Get as much extra spec as possible - if the salesman won't budge on price, try to get a CD player or metallic paint thrown in.


    And this (very important!):

    Our price promiseIf your dealer won't sell you a car at our Target Price, … Our price promiseIf your dealer won't sell you a car at our Target Price, we'll put you in touch with one who will.

    Original Poster

    thanks for the help...

    i dunno if id get a bank loan tho to be honest....as that will just go on my earnings? and im only part time... rather than with my partners who is full time....i agree it would be better but i dont think id get a laon....unless its easier if its for a car etc????

    Original Poster

    also i was hoping to get a few extras...how easy is it to get them thrown in for the price?

    getting extra's is easy _ make them think you will walk away if they dont give you atleast something that you are asking for (dont go over the top do)

    tazandsaz;1744335

    also i was hoping to get a few extras...how easy is it to get them thrown … also i was hoping to get a few extras...how easy is it to get them thrown in for the price?

    Whenever you are buying anything ALWAYS try and haggle! :whistling: Watch a master (Dominic Littlewood) at work! You can watch his shows (don't get done get dom) currently shown on ]BBC iplayer. :thumbsup: Search for the this show as my links may become expired once posted! There is one episode on youtube. Whilst the show may not be relevant to you there may be parts of the show you can learn from. I think in most of the shows there is an element of people buying something and Dominic shows them how to get a better deal!

    PS search for advice on buying new cars+finance and you should be able to get some good extra information so you're better prepared for the "showdown"! :thumbsup:

    I loved the prog he did when he went in pretending to be a bit daft and got conned... what was it called..... oh yeah 'Con Dom'.

    Don't bother with the extras, things like mats and that are only there to be offered to make you think you're getting a deal. When I bought my Megane CC from Renault (wanted new, paying cash) the guy started off offering me mats and a few other bits and pieces. Well, Renault mats may be £60 a set or whatever, but a decent set on ebay is about twenty quid- so not that big a deal. I eventually got a £1100 discount by taking the show car from the shop floor, which had about 11 miles on the clock and bigger alloys than standard, and the roof had only been put down the once to have it down on the shop floor- they can't start the engine and demo the roof going up and down inside. Bloody mats, i'd rather have the money off.

    Also, the salesmen take a cut of finance and they always have finance targets to hit, so it can be a good way of lowering the price- 'i'll take it on 0% if you can drop the price, otherwise i'll go and take the (imaginary) bank loan i've been offered.'

    Good luck finding the perfect Skoda taz ;-P

    Original Poster

    ill have a look thanks mate

    im actually wanting the twingo....its 7500 standard

    extras i want are, metallic pearl black paint at £360, entertainment package £225 and possibly the looks pack (with spoiler + more) £300 and alloys £500

    making the car = £8850 eventually

    so what do i offer?...

    ah, options rather than extras then. Best way is to find a garage with a ready car with similar spec (you might have to be prepped to drop one or two or look for a few months) and get that price down, if its a factory order with extra spec you wont see much in the way of reductions tbh, esp at this pricepoint. But- its not that much of an issue cos the Twingo keeps its value really well, and the options you're after will add to the resale value anyway- better stereo, decent colour, etc.
    If you manage to get one 'site ready' for under £8000 you'll have a great deal. Nice car choice too

    Original Poster

    yeah, i thought so lol...i think they have only been out since january??? not really any ready....im test driving one on friday.....so will ask if there are any ready ones...cos i really prefer black, and alloys...really want the entertainment pack too for my ipod and finger controlls...

    Original Poster

    also anyone know what the garage would give for part ex for my astra P reg? lol not much i know but MOT and tax up on march 31st so that will cost £150 just to mot and tax.......

    I can buy a few CD's if that helps the finances, lmao !!

    Original Poster

    haha always helps

    tazandsaz;1745674

    ill have a look thanks mateim actually wanting the twingo....its 7500 … ill have a look thanks mateim actually wanting the twingo....its 7500 standardextras i want are, metallic pearl black paint at £360, entertainment package £225 and possibly the looks pack (with spoiler + more) £300 and alloys £500making the car = £8850 eventually so what do i offer?...

    I don't know if you have had the chance to watch the programme I mentioned but you could be suprised at what you will eventually be paying (can be quite a lot less than the "current market value" that's for sure. £8k is probably achievable and even more taken off especially when they need to meet their sales targets! :whistling: Also try and get quotes off the web for the same UK spec car from Internet dealers/brokers so that you can use this in your haggling negotiations. :thumbsup:

    If you try to do a part exchange on your current car, don't expect them to offer you a good price if you haggled them down on the new car (give with one hand and take away with the other) or vice versa. :x

    I can't remember exactly but in one of the car magazines What Car Feb/Mar (I think), it published some advice/tactics about buying cars. Anyway a lot of this information can be found online.

    parkers.co.uk/car…968

    Stick your details in and get a rough part ex price

    Original Poster

    just had a good read through cheers mate gonna have a look at those vids...im not that confident getting discounts lol

    I see it as, they want to sell that car, the quicker its gone the happier they are. If you blag reasonable ******** and don't go OTT your okay. A lot of good advice has been giving here imo, you'd be a crazy mofo not to follow it.

    Original Poster

    yeah i know some good advice here......i hope i have the guts to haggle......watched the dom stuff on the bbc site...and got a few tips also....hes good lol..

    thanks again

    tazandsaz;1747965

    yeah i know some good advice here......i hope i have the guts to … yeah i know some good advice here......i hope i have the guts to haggle......watched the dom stuff on the bbc site...and got a few tips also....hes good lol..thanks again

    Just try and do it! Everyone has to start doing it sometime. If you do it now you could get better at it and get better deals in the future! It's easier said than done though. Not everyone who you haggle with will play ball. You just gotta take your chances and maybe move on if you think they are not budging. A good offer price+extra freebies and silence is golden.. ;-) Dom did a programme about buying a car called Wrong Car, Right Car?, it's a shame it doesn't get repeated. :x At least one of his BBC programme shown can be found on youtube. ;-)

    Original Poster

    ill try checking the torrents for that episode....i always ask usually....just since im not confident in getting the finance i feel less confidence to try get freebies hah...

    also a quick q....if i get the extras....does that go on the price of the car as credit? or do i pay it up front or what? its my first time buying a new car and ive read and researched as much as i can but keep thinking up new questions...i want to make sure i know as much as possible...so they dont take the P.......cos im a female...and the blokes always think we know nothing....which is true in my case haha...

    tazandsaz;1752642

    ill try checking the torrents for that episode....i always ask … ill try checking the torrents for that episode....i always ask usually....just since im not confident in getting the finance i feel less confidence to try get freebies hah...also a quick q....if i get the extras....does that go on the price of the car as credit? or do i pay it up front or what? its my first time buying a new car and ive read and researched as much as i can but keep thinking up new questions...i want to make sure i know as much as possible...so they dont take the P.......cos im a female...and the blokes always think we know nothing....which is true in my case haha...



    Just be confident Taz without being arrogant, use the fem side if you think it will work to your advantage. A smile and a laugh break the ice on both sidesbut never let them take the pea.

    Thing to remember is that you are the customer and they are the one that needs to close the sale. They will more than likely dangle carrots and if you play it right you can keep taking those carrots. They need to be fairly certain they have more than an even chance of getting the sale.

    Haggling is fine but doing it properly is a bit of an art. It's very much a matter of keeping your wits about you and looking for their weakness. Humour again is usually a key part as it relaxes people and makes them like you. If they like you then you are more likely to get a better deal.

    Enough from me , best of luck and i have my fingers crossed :thumbsup::)

    have u ever thought of contract hire?

    still needs a credit check but why take out finance for the entire value of a depreciating item?
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