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They get a bonus for selling HP.
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It really all hinges as to what margin they have in the car.
Referring only to used cars here but I would be surprised if they went for that kind of offer though.
From what I've learnt recently, it does seem like they have a lot less margin in cars these days. That could well be bullshit and they are more arrogant than ever but I do hear that trotted out from different dealerships from different groups quite a lot.
I just work on the basis of "are you happy paying this amount" rather than nailing their ass to the wall (because frankly it's not worth the effort or playing the "walk away price" game for a few more quid). If you don't like it, wait for the next one as there will be one along shortly. Search nationwide too and if you put in the effort - you can save £3k/£4k buying from say Sheffield instead of say Swindon.
For the record, I've recently dealt with Reading and spoke to three different people. Two were polite enough but the person I dealt with was a bumble-fcking idiot. Got requested details for a car wrong 4 times with no apology despite clearly being their error - almost on the verge of suggesting it was my fault and the details they sent through WERE correct - even though they weren't. They got a few things wrong and didn't remember the whole deal negotiated. Was I impressed? No. Would I use them again? No. Are they basically shyte? Yes. As said, they operate from some old tent in the car park at the moment although I doubt things change even when they have new premises.
This absolutely helps. Another car I've recently negotiated on "absolutely couldn't do any more" until I produced examples of other cars priced better. Doesn't need to be equal spec as they aren't really that interested although I knew the car we were looking at had the Premium Pack and the cheaper ones didn't.
Then throw other things at them like a second year warranty, servicing etc.
They don't get any kick-back from the Finance company...
Which the salesman will be targeted on. If he misses his finance penetration target then selling a car for cash might cost him money to the extent that he'd rather you didn't buy the car at all. If he does it all the time he might get fired.
Dealers' main business is selling finance. The cars are just a way of doing that.
So get it on finance and settle the next day..... Done that a few times [emoji12]The dealer also earns more commission when setting a higher rate of interest.
So get it on finance and settle the next day..... Done that a few times [emoji12]
Sent from my awesome Samsung Galaxy Note 9
Some finance products hit you with a penalty for early settlement within a certain period.
Some finance products hit you with a penalty for early settlement within a certain period.
That's fine, I'd move on to the next one. I wouldn't be buying on finance until hell froze over...
I think you did the right thing...
I guess you already had some insight from some of us what to expect but at least you know for sure.
Some people need to learn to behave or face the consequences of their actions. You can't act like a coffee-shaker and expect to get away with - I don't care what the reasons are.
If you are unwell, you shouldn't be at work.
It looks like you had fair warning of this dealers culture and attitude with your first contact.
Best to walk away.
There is always another deal.
That said, would this car fall under the new luxury car tax rules, hence the confusion?
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