Afternoon,
Couild I solicit opinions on the above dealer, I'm looking to buy a new car and the quote comes attached to a finance deal (at what appears to a reasonable interest rate).
Should I be wary of such a deal or is this normal practice, there is an option to terminate the finance without penalty after 3 months?
Thanks for any advice
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Take the quote to your nearest friendly dealer with £500 deposit in hand and ask them to match quote and so long as you are prepared to sign there and then they will proberly match or get close to it.
We sell at least 3 new cars a month on this basis ... we love Uk brokers as all the nasty haggling is not required.
and yes you can cancel the finance soon after taking delivery ,,,,,, just watch early settlement penalties ... my suggestion is to cancel before 1st payment is due that way no penalties ... dealer will get his commission pulled though
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Thanks for the info Eddy,
The price quoted is very competetive, the finance deal is min £4k at 4% over (a min of) 2 years, I could get more by putting the cash in a long term savings account (granted, before tax), what am I missing?
TIA
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No trick on the finance side of things these are the sort of deales out there at the moment some 0% available too but this may restrict the discount available .... what car is it ?
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mzm70 - you can get 8.5% gross on an instant access current account at a building society/bank that I mustn't name on the site!
Edited by Armitage Shanks {p} on 28/04/2008 at 19:15
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Eddy,
Renaultsport Megane R26, interested?
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sorry we dont do Renault if I could of helped I would have done though ... good luck !!
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I would seriously like to know where you can get 8.5% interest on an instant access account.
Is it really not possible to somehow give a hint
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