That's a nice amount, 20%+ ?

Edited by Thomas Ostby on 04/08/2016 at 21:22

I've checked their site out, got some nice quotes with contacts to main dealers.

Don't know their style, but how could they ruin that?

What's your site, "TheBroker"?

They seem legit.. What was your totalt % ?

We were looking at a new BMW Z4 last year. Went to coast 2 coast, specced out the car, and it came back with about £7k discount on a £33.5k car. I knew from BMW forums that C2C deal with a dealer near London (I'm in North Wales). Went into my local dealer to ask for a price - have bought off them before, so they know I'm not messing about. They started off at £2k off list. I produced the C2C price, and basically told them I knew which dealer would be supplying at that, and I wanted them to get close. Ten minutes later, they were within£200 of the C2C price, so I did the deal with them to save me having to go down to London.

I mean, as long as I'm presented with a real dealer through the broker, what could go wrong? Except that the dealer could be an a** :)

Exactly - the broker just acts as an introduction agency - but check out the dealer and get other buyer's opinions of that dealer.

It works for the customers if they prefer to keep their cash in their bank account - or more likely, haven't got enough up front in the first place.

It works for the dealers as they earn money on selling finance contracts.

So...I filled in some details and got some interesting e-mail responses from carwow.

In nearly all instances a finance deal( personal contract) was £2k cheaper than retail cash.

What's the trick here?

On the assumption it's "for real" how does it work for the customer?

The "trick" is often that the car maker will add a significant deposit contribution IF you take out their finance.

I did this with a VW Touareg, getting a £5,000 deposit contribution from VW (on top of substantial discount negotiated with the dealer) but had to use a VW PCP - but paid that off in full after a few weeks so paying only a small amount in interest.

I'm well pleased.

Ok so-I am about to "commit" to a retail cash sale of £14k but the salesman says I can save you £2k if you sign up with a "never never" deal. .....surely it's better for his company if I then produce a gladstone bag of instant £fivers in his face rather than muck around with fuzzy wuzzy hp paperwork . M'thinks this is all about negotiation skills is it not?

No - the salesman can only negotiate his own margin/costs - if the car maker will add £2k to your deal you'd still be winning if you pay off early and pay a £100 interest.

A bagful of cash is going to cause some concern to a car dealer - it hits the money laundering legislation. Car manufacturers are going to make money out of the finance deal - maybe more money than they make from the car sale. They are hoping that you won't cancel the deal but you do have the legal right to do so.

Of course, you do need to pass the credit checks to get the finance, and this will go down in your credit history (which may improve it).

All types of financial transactions are subject to Money Laundering legislation, not just cash.

"Cash" can include direct bank transfer as well as notes & coins.

Edited by RT on 15/08/2016 at 13:51