highlandjambo3 Posted January 23, 2021 Share Posted January 23, 2021 Hi, Any second car sales persons out there or, know anyone that is. I haven’t bought a car since 2005 but, I’m now in a position to buy a nearly new car from a dealer with cash up front. Due to our current climate I’m not sure when to strike? Pre lockdown: Do I go for a deal now and pay a deposit/pay a decent/full (agreed) amount then collect the car later when lockdown travel restrictions are eased (it’s likely I’ll need to travel to England-shire to get the car I want). I’m guessing the second hand car industry sales are very slow as people cannot travel around and, I could get a decent reduction on the ticket price with a wee cash boost to a car dealer might be very welcome or, should I wait? Post lockdown: Will prices go up as dealers forecast a surge in public interest or, will prices go down as dealers try to encourage buyers to choose their forecourt? Any advice appreciated. Quote Link to comment Share on other sites More sharing options...
The Gorgie Posted January 23, 2021 Share Posted January 23, 2021 Lots of places are delivering cars now. Although that mean not getting a proper look at the car until its on your door step. Quote Link to comment Share on other sites More sharing options...
graygo Posted January 23, 2021 Share Posted January 23, 2021 I bought a "nearly new car" last year in September. Got it from a main dealer and paid cash for it and didn't get any extra discount or anything because of the pandemic. Probably because I'm shite at haggling though. ☹️ More chance of a decent discount if taking credit. Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 23, 2021 Author Share Posted January 23, 2021 32 minutes ago, jonesy said: Harder and harder to haggle, in my experience. Need to work on the extras instead. Could just be my skills, though I have £17k cash I can pay instantly to them 👍 Quote Link to comment Share on other sites More sharing options...
Ex member of the SaS Posted January 23, 2021 Share Posted January 23, 2021 (edited) Not in the know but I believe paying cash to a dealer is not a good idea. A quick search on you tube will give you better advice than I can so it's worth a look. Maybe try typing " is it good to pay cash for a second hand car " A quick look got this Edited January 23, 2021 by Ex member of the SaS Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 23, 2021 Author Share Posted January 23, 2021 Ok cheers... to clarify, I wouldn’t be walking into a dealer with a brown envelope stacked with £50 notes (as is the Hampden way 😀). The transaction would be electronic, account to account but, the same principles may apply I suppose. I’ll look through some more clips if I can, that one was American so might be a different spin on our dealers. Quote Link to comment Share on other sites More sharing options...
Ex member of the SaS Posted January 23, 2021 Share Posted January 23, 2021 1 minute ago, highlandjambo3 said: Ok cheers... to clarify, I wouldn’t be walking into a dealer with a brown envelope stacked with £50 notes (as is the Hampden way 😀). The transaction would be electronic, account to account but, the same principles may apply I suppose. I’ll look through some more clips if I can, that one was American so might be a different spin on our dealers. Yes it was from the USA but it's given you the idea, that's the main thing. Yes deals would be electronic but the principals are the same. Good luck and I hope you get a good car and a good deal. Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 23, 2021 Author Share Posted January 23, 2021 6 minutes ago, jonesy said: I handed over a fair chunk of cash (not as much as you, flash!) but they'd much rather you signed up to finance. It's worth more to them in both commission and long term. Yes agreed but, part of my post mentioned the current climate.....let’s say all general sales are down and they are getting very few “financial sign ups” does that mean a cash buyer will have a bit more clout? Im going to e mail a few dealers who have they car/spec I want and see how I go. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 23, 2021 Share Posted January 23, 2021 Finance is where they make the money. They gross up the buy in rate Quote Link to comment Share on other sites More sharing options...
IronJambo Posted January 23, 2021 Share Posted January 23, 2021 33 minutes ago, highlandjambo3 said: Yes agreed but, part of my post mentioned the current climate.....let’s say all general sales are down and they are getting very few “financial sign ups” does that mean a cash buyer will have a bit more clout? Im going to e mail a few dealers who have they car/spec I want and see how I go. Financing it will almost definitely get you a better deal. You might be able to take a finance deal and clear the balance before the payments start at zero or next to no extra cost. Quote Link to comment Share on other sites More sharing options...
graygo Posted January 23, 2021 Share Posted January 23, 2021 1 hour ago, highlandjambo3 said: I have £17k cash I can pay instantly to them 👍 Mine was over £18k and I got nothing. ☹️ Quote Link to comment Share on other sites More sharing options...
graygo Posted January 23, 2021 Share Posted January 23, 2021 1 hour ago, Ex member of the SaS said: Not in the know but I believe paying cash to a dealer is not a good idea. A quick search on you tube will give you better advice than I can so it's worth a look. Maybe try typing " is it good to pay cash for a second hand car " A quick look got this Wish I had seen this a few months ago. ☹️ Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 23, 2021 Author Share Posted January 23, 2021 30 minutes ago, IronJambo said: Financing it will almost definitely get you a better deal. You might be able to take a finance deal and clear the balance before the payments start at zero or next to no extra cost. Good idea but, the mrs is likely to buy a new kitchen before I clear the balance 😒 Quote Link to comment Share on other sites More sharing options...
Ex member of the SaS Posted January 23, 2021 Share Posted January 23, 2021 Another point worth investigating, rather than cash off the price, go for add on, something like mats, or service contract or some other upgrade you may want like a tow bar . Things that the service department can do at a lower cost than you can get outside. The dealer and the service dept have different budgets but the salesman can get work done cheaper than you. Quote Link to comment Share on other sites More sharing options...
3fingersreid Posted January 23, 2021 Share Posted January 23, 2021 Even when I was earning some seriously good money as a printer I never would’ve spent £17/18 grand on a car 😱. Fair enough if it’s business use but for general day to day use it’s just a money losing lump of metal . Quote Link to comment Share on other sites More sharing options...
Swanny17 Posted January 23, 2021 Share Posted January 23, 2021 5 hours ago, highlandjambo3 said: I have £17k cash I can pay instantly to them 👍 Keep your £17k and get a brand new motor on a lease. 👍 Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 23, 2021 Author Share Posted January 23, 2021 27 minutes ago, 3fingersreid said: Even when I was earning some seriously good money as a printer I never would’ve spent £17/18 grand on a car 😱. Fair enough if it’s business use but for general day to day use it’s just a money losing lump of metal . It is business use. Quote Link to comment Share on other sites More sharing options...
Stewie Griffin Posted January 23, 2021 Share Posted January 23, 2021 6 hours ago, highlandjambo3 said: I have £17k cash I can pay instantly to them 👍 I bought a nearly new Golf in August last year had 14k in cash ( used debit card ) plus my existing car to trade in, couldn’t get them to knock much off the Golf but managed to get a couple of hundred more from them than they originally offered for the Polo I was trading in. Went to a dealership in Newcastle for it Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted January 23, 2021 Share Posted January 23, 2021 I would go on miles rather than age, save yourself a bloody fortune. Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 23, 2021 Author Share Posted January 23, 2021 54 minutes ago, Swanny17 said: Keep your £17k and get a brand new motor on a lease. 👍 Nah.....want to own it. Quote Link to comment Share on other sites More sharing options...
3fingersreid Posted January 23, 2021 Share Posted January 23, 2021 59 minutes ago, highlandjambo3 said: It is business use. 👍🏻 Hope you didn’t think I was having a pop btw , I’ve just reread my post and it’s not great , sorry Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 23, 2021 Author Share Posted January 23, 2021 5 minutes ago, 3fingersreid said: 👍🏻 Hope you didn’t think I was having a pop btw , I’ve just reread my post and it’s not great , sorry No....all good. Like I say it’s business use so, most of what I spend on the car purchase and running costs I can offset on tax 👍 Quote Link to comment Share on other sites More sharing options...
theshed Posted January 24, 2021 Share Posted January 24, 2021 I change my car roughly every 3 years and if it’s one thing I don’t look forward to it’s dealing with the sales person Hate listening to the crap that comes out their mouth although I know that’s their job Quote Link to comment Share on other sites More sharing options...
been here before Posted January 24, 2021 Share Posted January 24, 2021 (edited) Any time Ive bought a car from a dealer my opening gambit upon seeing a car I fancy and before tey start the sales pish is "before we go any further how much can you take off the price". If yhe answer is nothing or no extras (servicing or the like) then I look elsewhere. Its never failed, 500 off my last car plus 3 years servicing, but for this to work you have to be prepared to walk away from the car. Edited January 24, 2021 by been here before Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 24, 2021 Author Share Posted January 24, 2021 1 hour ago, been here before said: Any time Ive bought a car from a dealer my opening gambit upon seeing a car I fancy and before tey start the sales pish is "before we go any further how much can you take off the price". If yhe answer is nothing or no extras (servicing or the like) then I look elsewhere. Its never failed, 500 off my last car plus 3 years servicing, but for this to work you have to be prepared to walk away from the car. Or look like Phill Mitchell 😁 Quote Link to comment Share on other sites More sharing options...
Maroon Sailor Posted January 24, 2021 Share Posted January 24, 2021 1 hour ago, theshed said: I change my car roughly every 3 years and if it’s one thing I don’t look forward to it’s dealing with the sales person Hate listening to the crap that comes out their mouth although I know that’s their job You just have to be firm with them. Just say you're in no rush to buy but thought you would check out if there is a good deal on offer. At the moment they'll say they can't go any lower than the advertised price as they have already taken something off. Quote Link to comment Share on other sites More sharing options...
ri Alban Posted January 24, 2021 Share Posted January 24, 2021 18 hours ago, highlandjambo3 said: It is business use. If it goes up in value buy, if it goes down lease. Quote Link to comment Share on other sites More sharing options...
IronJambo Posted January 24, 2021 Share Posted January 24, 2021 7 hours ago, ri Alban said: If it goes up in value buy, if it goes down lease. I gave up leasing cars. Doing only 5k a year i was just passing on a better car to the next guy as it was only just properly run in. Bought motor 3 years ago and I'll probably have it for another ten years. It's better than constantly paying a monthly amount for a lease. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 24, 2021 Share Posted January 24, 2021 If youve got the cash available, it doesnt make much sense to take finance and pay extra Quote Link to comment Share on other sites More sharing options...
davemclaren Posted January 25, 2021 Share Posted January 25, 2021 3 hours ago, Candy said: If youve got the cash available, it doesnt make much sense to take finance and pay extra Except you can usually get a discount in the price then pay it off before the first payment is due so no interest. Quote Link to comment Share on other sites More sharing options...
ri Alban Posted January 25, 2021 Share Posted January 25, 2021 6 hours ago, IronJambo said: I gave up leasing cars. Doing only 5k a year i was just passing on a better car to the next guy as it was only just properly run in. Bought motor 3 years ago and I'll probably have it for another ten years. It's better than constantly paying a monthly amount for a lease. I'm the reverse. I'll probably never buy another second hand car again or brand new. Yes it might be owned, but so is the maintenance and depreciation. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 25, 2021 Share Posted January 25, 2021 7 hours ago, davemclaren said: Except you can usually get a discount in the price then pay it off before the first payment is due so no interest. Hence why i said it doesnt make sense to pay extra. Quote Link to comment Share on other sites More sharing options...
Mysterion Posted January 25, 2021 Share Posted January 25, 2021 On 23/01/2021 at 09:33, highlandjambo3 said: Hi, Any second car sales persons out there or, know anyone that is. I haven’t bought a car since 2005 but, I’m now in a position to buy a nearly new car from a dealer with cash up front. Due to our current climate I’m not sure when to strike? Pre lockdown: Do I go for a deal now and pay a deposit/pay a decent/full (agreed) amount then collect the car later when lockdown travel restrictions are eased (it’s likely I’ll need to travel to England-shire to get the car I want). I’m guessing the second hand car industry sales are very slow as people cannot travel around and, I could get a decent reduction on the ticket price with a wee cash boost to a car dealer might be very welcome or, should I wait? Post lockdown: Will prices go up as dealers forecast a surge in public interest or, will prices go down as dealers try to encourage buyers to choose their forecourt? Any advice appreciated. 2nd hand market has already seen prices go up. Companies have lost a lot of money - if dealing with the larger companies then (I expect this is the same in most places) they were given explicit instructions each car had to make a specific amount of money. Prices haven’t necessarily gone up though, salesmen have a clear higher margin to achieve. Someone else has said - they make more money on finance deals. It could be better to get a discount there whilst you hold your money in a savings account. Always question why a nearly new car from a manufacturer is on the forecourt of another. Usually it’s an ex hire car (eg. You see an Audi on a Ford forecourt). Best purchases/value are pre-reg cars. Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 25, 2021 Author Share Posted January 25, 2021 9 hours ago, davemclaren said: Except you can usually get a discount in the price then pay it off before the first payment is due so no interest. There will likely be an “early settlement” fee to balance their loss. Quote Link to comment Share on other sites More sharing options...
davemclaren Posted January 25, 2021 Share Posted January 25, 2021 15 minutes ago, highlandjambo3 said: There will likely be an “early settlement” fee to balance their loss. Not in my experience. Quote Link to comment Share on other sites More sharing options...
highlandjambo3 Posted January 25, 2021 Author Share Posted January 25, 2021 5 minutes ago, davemclaren said: Not in my experience. It will be written into the small print somewhere.....page 327 I think. Quote Link to comment Share on other sites More sharing options...
Harry Potter Posted January 25, 2021 Share Posted January 25, 2021 Best time is when it has about 15-18000 on the clock, any potential faults sorted , maybe , 2 year old, 1 year warranty left, im still thinking about a change but in no hurry, finance a good option, but check the interest rate. Quote Link to comment Share on other sites More sharing options...
Dazo Posted January 25, 2021 Share Posted January 25, 2021 1 hour ago, davemclaren said: Not in my experience. I’d agree with this. If you insist on buying I’d take the finance to get the best deal possible and pay it off straight away. I’d lease though. Quote Link to comment Share on other sites More sharing options...
tian447 Posted January 25, 2021 Share Posted January 25, 2021 On 23/01/2021 at 18:40, highlandjambo3 said: Nah.....want to own it. Why not do a bit of both? You could get yourself a brand new car, on a 40 odd month finance deal, and set the lump sum of money aside. A new car is less likely to cause you any unexpected financial outgoings for repairs and would be covered by the warranty. At the end of the term, you can make a final payment to "own" the car, meaning you have a nearly new car with a full service history, that might even still be under the original warranty, that only you have owned. No hidden surprises, or unknowns about the car. I'd go nowhere near a used car, even a "nearly new" one. Quote Link to comment Share on other sites More sharing options...
Des Lynam Posted January 25, 2021 Share Posted January 25, 2021 On 23/01/2021 at 12:55, highlandjambo3 said: Ok cheers... to clarify, I wouldn’t be walking into a dealer with a brown envelope stacked with £50 notes (as is the Hampden way 😀). The transaction would be electronic, account to account but, the same principles may apply I suppose. I’ll look through some more clips if I can, that one was American so might be a different spin on our dealers. I bought a nearly new car with cash and the sales guy was disappointed. The make their money on selling a car on credit. Quote Link to comment Share on other sites More sharing options...
IronJambo Posted January 25, 2021 Share Posted January 25, 2021 18 hours ago, ri Alban said: I'm the reverse. I'll probably never buy another second hand car again or brand new. Yes it might be owned, but so is the maintenance and depreciation. I might flip it around in ten years time or so. Electric cars will be up to speed on range and we'll have a better infrastructure to serve them (I'm assuming an electric car requires no running in) . We might be using hydrogen fuel cells instead. 2030'ish in any case sounds like a sensible time to review it but until then I'll be sticking with what I have. Quote Link to comment Share on other sites More sharing options...
ri Alban Posted January 26, 2021 Share Posted January 26, 2021 6 hours ago, IronJambo said: I might flip it around in ten years time or so. Electric cars will be up to speed on range and we'll have a better infrastructure to serve them (I'm assuming an electric car requires no running in) . We might be using hydrogen fuel cells instead. 2030'ish in any case sounds like a sensible time to review it but until then I'll be sticking with what I have. Cars should be self charging by then, hopefully. Or am I being thick. Surely over long distances, cars should be able to generate enough charge on their own. (Given the technology) Quote Link to comment Share on other sites More sharing options...
IronJambo Posted January 26, 2021 Share Posted January 26, 2021 30 minutes ago, ri Alban said: Cars should be self charging by then, hopefully. Or am I being thick. Surely over long distances, cars should be able to generate enough charge on their own. (Given the technology) You can't produce more energy than you started with, always less. A road network that charges your car as you drive would be a complete game changer but that's further than ten years away. We be lucky to have that in the next 30 years. I'm basing that on the fact they've been tearing the M6 up to turn it into a (not so)smart motorway for over 14 years. Quote Link to comment Share on other sites More sharing options...
ri Alban Posted January 26, 2021 Share Posted January 26, 2021 12 minutes ago, IronJambo said: You can't produce more energy than you started with, always less. A road network that charges your car as you drive would be a complete game changer but that's further than ten years away. We be lucky to have that in the next 30 years. I'm basing that on the fact they've been tearing the M6 up to turn it into a (not so)smart motorway for over 14 years. Could the wheels or axle not be designed to charge the car as you drive? Quote Link to comment Share on other sites More sharing options...
IronJambo Posted January 26, 2021 Share Posted January 26, 2021 1 minute ago, ri Alban said: Could the wheels or axle not be designed to charge the car as you drive? I don't see why not as they already get energy back from braking. You still can't get more energy back than what you use. If you use 25kw then you're not going to get as much as that back so the battery will still deplete, albeit more slowly than if it wasn't using a technology that returned energy. Quote Link to comment Share on other sites More sharing options...
ri Alban Posted January 26, 2021 Share Posted January 26, 2021 1 minute ago, IronJambo said: I don't see why not as they already get energy back from braking. You still can't get more energy back than what you use. If you use 25kw then you're not going to get as much as that back so the battery will still deplete, albeit more slowly than if it wasn't using a technology that returned energy. Secondary battery? Sorry to be a pain, just interested in all this, tho I should start reading up on it. Quote Link to comment Share on other sites More sharing options...
IronJambo Posted January 26, 2021 Share Posted January 26, 2021 (edited) 28 minutes ago, ri Alban said: Secondary battery? Sorry to be a pain, just interested in all this, tho I should start reading up on it. I'm no expert 😂, I just understand the above physics. I think a secondary battery is out due to space and weight. I'm understanding it that we're currently restricted by range and charging times. 200-300 miles range is reasonable I think but it needs charging infrastructure alongside it. A ten minute charge sounds like a good answer https://www.google.com/amp/s/www.bbc.co.uk/newsround/amp/55717296 Edit: just got to work so having a kip til 9 😁 Edited January 26, 2021 by IronJambo Quote Link to comment Share on other sites More sharing options...
ri Alban Posted January 26, 2021 Share Posted January 26, 2021 13 minutes ago, IronJambo said: I'm no expert 😂, I just understand the above physics. I think a secondary battery is out due to space and weight. I'm understanding it that we're currently restricted by range and charging times. 200-300 miles range is reasonable I think but it needs charging infrastructure alongside it. A ten minute charge sounds like a good answer https://www.google.com/amp/s/www.bbc.co.uk/newsround/amp/55717296 Edit: just got to work so having a kip til 9 😁 👍 Quote Link to comment Share on other sites More sharing options...
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