Rent to buy car dealer

alpahaeagle

Hi Guys


I am looking to find any dealers that do a rent to buy deal, as my Credit history has been taken out the back and shot.
Does any one know of any garages doing this????


Thanks for your help

Stheno

alpahaeagle wrote: »

Hi Guys


I am looking to find any dealers that do a rent to buy deal, as my Credit history has been taken out the back and shot.
Does any one know of any garages doing this????


Thanks for your help

Never heard of it tbh

dirtydiesel

Just googled rent to buy. and lease hire is all that comes up.

colm_mcm

I think mordaunts in clonmel are doing it. I may be wrong.

Hire purchase is effectively rent to buy. They don't just give cars out to anybody on HP though, as even though they'd be entitled to take the car back off you in most circumstances - that still costs money for them with selling it on, fixing it up etc.


Had you considered buying a cheap car instead?

Stheno

colm_mcm wrote: »

I think mordaunts in clonmel are doing it. I may be wrong.

You're right Colm just googled it there http://www.payasyougoauto.ie/web/how-it-all-works/

Application fee of €200, documentation fee of €250, deposit of €1000 required, then you pay a min. of €140 a month for 24 months and own the car

So you'd need to stump up 1450 upfront

Beaucoupfish

Buy a cheap car and save yourself a load of hassle.

Uncle Ben

Be very careful and read the smallprint. I saw a documentary or news item on a similar sort of scheme in the UK. Apparently the purchaser could not pick the car, it was picked by the garage or else the choice was very poor, furthermore car servicing had to be completed on a regular basis by nominated garages, ie, not your mates. And also, the firm which I saw filmed, only allowed a specific number of actual late payments/ defaults. If the renter exceeded this number for any reason at all, ie unexpected hospital bill etc., the firm reserved the right to confiscate the car without notice.
The programme which I saw showed a woman being turfed out of her car at her job if I recall correctly.
I am in no way saying that this could /would happen here. But I would advise you to read the smallprint.

colm_mcm

Uncle Ben wrote: »

Be very careful and read the smallprint. I saw a documentary or news item on a similar sort of scheme in the UK. Apparently the purchaser could not pick the car, it was picked by the garage or else the choice was very poor, furthermore car servicing had to be completed on a regular basis by nominated garages, ie, not your mates. And also, the firm which I saw filmed, only allowed a specific number of actual late payments/ defaults. If the renter exceeded this number for any reason at all, ie unexpected hospital bill etc., the firm reserved the right to confiscate the car without notice.
The programme which I saw showed a woman being turfed out of her car at her job if I recall correctly.
I am in no way saying that this could /would happen here. But I would advise you to read the smallprint.

All perfectly reasonable tbh. There are reasons some people can't/shouldn't take on loans/hp etc. if the company is giving their asset, it has to have conditions.

No disrespect to the OP

Uncle Ben

colm_mcm wrote: »

All perfectly reasonable tbh. There are reasons some people can't/shouldn't take on loans/hp etc. if the company is giving their asset, it has to have conditions.

No disrespect to the OP

I agree fully, just highlighting the fact that this ain't AIB or a main car dealer that's offering this service. They will have their own t & c.

Stheno

Uncle Ben wrote: »

I agree fully, just highlighting the fact that this ain't AIB or a main car dealer that's offering this service. They will have their own t & c.

They have it in the t and c that they do all the servicing

colm_mcm

At the end of the day, its their car so of course they want it serviced properly.

cadaliac

Stheno wrote: »

You're right Colm just googled it there http://www.payasyougoauto.ie/web/how-it-all-works/

Application fee of €200, documentation fee of €250, deposit of €1000 required, then you pay a min. of €140 a month for 24 months and own the car

So you'd need to stump up 1450 upfront

Well if thats the case, Bangernimics is the way to go. Maybe some people would be afraid of older cars but still. Needs, must, want and all that.

You can buy a fine car nowadays for €1450, or cira ~ €1500.

One payment.

And, the first person that mentions cheap tax deserves a slap.

Chris_Heilong

How does rent to buy work? is it effectively what buying new cars is like in this country right now, no body goes to a car dealership and buys a brand new car with cash, they all sign up for finance and make monthly payments until the car is paid off, it does not really belong to the person driving it until then. So rent to buy is like this but for cars that cost a lot less?

colm_mcm

Chris_Heilong wrote: »

How does rent to buy work? is it effectively what buying new cars is like in this country right now, no body goes to a car dealership and buys a brand new car with cash, they all sign up for finance and make monthly payments until the car is paid off, it does not really belong to the person driving it until then. So rent to buy is like this but for cars that cost a lot less?

The option to walk away without penalty* whenever you want I suppose


*Terms and conditions apply!

George Dalton

cadaliac wrote: »

You can buy a fine car nowadays for €1450, or cira ~ €1500

In theory yes.

But for every one person who buys a fine car for €1500 there are probably 20 who just buy trouble.

Celly Smunt

George Dalton wrote: »

In theory yes.

But for every one person who buys a fine car for €1500 there are probably 20 who just buy trouble.

Not really,its fairly easy to spot a genuine car from a skip,some people here are just idiots.

Check the service history
Check to see if the mileage tallies with the nct
Check the over all quality of the interior (if somebody wrecks their interior its a good sign they don't give a crap about what happens under the bonnet)
Simple things like checking to see if they fill it with enough water (see above)
Bring a mechanic with you
Avoid ads with mis-spellings (seriously - "no timewaisters")
And most importantly dont buy a DL reg.

George Dalton

I would agree with that yes. But my point still stands. The bad €1500 cars for sale at any given time vastly outnumber the good ones. They all find homes in the end so obviously more people end up with bad ones than good.

knifey_spoonie

If your credit history is fubar'd and you still feel the need to buy a car, you really have one option,Bluestone Finance, very much aiming towards the subprime market, enter at your own risk.

colm_mcm

George Dalton wrote: »

I would agree with that yes. But my point still stands. The bad €1500 cars for sale at any given time vastly outnumber the good ones. They all find homes in the end so obviously more people end up with bad ones than good.

I think a lot of it is down to people expecting all the extras and a nice looking car and a high year for their modest budget. The cheapest examples are the dirt from not great brands.

alpahaeagle

Thanks Guys,


We were saving to buy a 08 from the UK but her car went into a trench ( filled with water) when we had snow. The car has been recovered but is more than likely a right off (water ingress).


It was a 05 Renault Grand Scenic. I am just looking at the options, and to be honest I have looked a few on the cheap cars but they are not what you want when you have a family.


I will look at the options and see what is available. The thing is I am looking for a MPV 7 seater.


Once again Thanks for your help.


Regards

darragh o meara

Stheno wrote: »

You're right Colm just googled it there http://www.payasyougoauto.ie/web/how-it-all-works/

Application fee of €200, documentation fee of €250, deposit of €1000 required, then you pay a min. of €140 a month for 24 months and own the car

So you'd need to stump up 1450 upfront

Heard of this and it seems that the €200 application fee is paid regardless if your approved or not.. Decline enough people and you'd be quickly adding up a nice bit of cash..

martha45

alpahaeagle wrote: »

Thanks Guys,


We were saving to buy a 08 from the UK but her car went into a trench ( filled with water) when we had snow. The car has been recovered but is more than likely a right off (water ingress).


It was a 05 Renault Grand Scenic. I am just looking at the options, and to be honest I have looked a few on the cheap cars but they are not what you want when you have a family.


I will look at the options and see what is available. The thing is I am looking for a MPV 7 seater.


Once again Thanks for your help.


Regards

Insurance payout surely? or do you have only 3rd party

kiteman

There are lots of good cheap 10 + year old cars out there.

Rule 1 in my book is, go for something Japanese. Mazdas are unbelievable good.
They age far better than any european make for the same year.

With NCT is a must, if nothing else it proves it was roadworthy within the previous year.

I had a look at donedeal and there a 99 mazda 323, 1.3lt saloon, with 4 months NCT, going for €600

colm_mcm

kiteman wrote: »

There are lots of good cheap 10 + year old cars out there.

Rule 1 in my book is, go for something Japanese. Mazdas are unbelievable good.
They age far better than any european make for the same year.

With NCT is a must, if nothing else it proves it was roadworthy within the previous year.

I had a look at donedeal and there a 99 mazda 323, 1.3lt saloon, with 4 months NCT, going for €600

You'll need to buy 2 of them if you need 7 seats though.

kiteman

colm_mcm wrote: »

You'll need to buy 2 of them if you need 7 seats though.

Actually I was replying to "alphaeagle" who put up the original post.

As for the guy looking for a 7 seater, he can pick up a decent 7 seater MPV for under €2000

colm_mcm

Alphaeagle is the OP and the guy looking for the 7 seater though

kiteman

colm_mcm wrote: »

Alphaeagle is the OP and the guy looking for the 7 seater though

Damn, I'll have to pay better attention, wont I.

George Dalton

kiteman wrote: »

Actually I was replying to "alphaeagle" who put up the original post.

As for the guy looking for a 7 seater, he can pick up a decent 7 seater MPV for under €2000

He will probably have to vet 10 bad ones first though.

colm_mcm

George Dalton wrote: »

He will probably have to vet 10 bad ones first though.

I'd swallow my pride and look at stuff like Toyota Picnics if that were my budget. That's a minefield of shoite you'd be looking at there.

kiteman

George Dalton wrote: »

He will probably have to vet 10 bad ones first though.

Vetting cars is what people do when you're buying at that price range. Its what thousands of people do an almost daily basis.
It can be a lot of work but when you find the right car, it will be well worth the footslogging.

kiteman

colm_mcm wrote: »

I'd swallow my pride and look at stuff like Toyota Picnics if that were my budget. That's a minefield of shoite you'd be looking at there.

Or you could look at toyota previa's, Ok they are a 2.2 diesel engine, but they are pretty bullet proof and are available for less than €1000
I know how bullet proof they are as I have owned a few of them over the last 15 years.

colm_mcm

You mean like an Estima/Lucida?
I have heard of a good few with cooling problems.

George Dalton

kiteman wrote: »

Vetting cars is what people do when you're buying at that price range. Its what thousands of people do an almost daily basis.
It can be a lot of work but when you find the right car, it will be well worth the footslogging.

Vetting cars is what people should do.

They rarely do though. As I know from my experience on a daily basis. The amount of bad cars for sale at any given time is scarcely believable. Couple that with the average Irish person's love of a "bargain" and you have a recipe for disaster.

Every day I see at least one of the following, sometimes I even see all of them in the same day:
1. Someone who has bought a dodgy car and wants it fixed (oh and by the way they have no money to pay for repairs)
2. Someone who wants to sell us a dodgy car.
3. Someone who wants to trade in a dodgy car.
4. Someone who wants me to inspect a car they are thinking of buying that subsequently turns out to be dodgy.

So you will forgive my jaundiced view of the cheap car market I hope

George Dalton

colm_mcm wrote: »

You mean like an Estima/Lucida?
I have heard of a good few with cooling problems.

Generally a bad yoke. Much more likely to turn out to be a money pit than a reliable workhorse.

kiteman

colm_mcm wrote: »

You mean like an Estima/Lucida?
I have heard of a good few with cooling problems.

Have you actually owned one with cooling problems ? or just heard ??

As I said earlier, I have owned 3 at different times. My brother owned 2, and a sister owned only the one. out of all 6 previa/estima/lucida, not one showed the slightest sign of cooling problems. Actually they simply started drove and stopped when required to do so. Other than basic servicing and being slightly thirsty on diesel, they are a damn fine workhorse.

If I were in the situation where I needed a cheap mpv, both the toyotas and mazda mpv's would be high on my list.

colm_mcm

George, i would say any of them that owners would actually sell would be as you say above. They are getting old now.

kiteman wrote: »

Have you actually owned one with cooling problems ? or just heard ??

As I said earlier, I have owned 3 at different times. My brother owned 2, and a sister owned only the one. out of all 6 previa/estima/lucida, not one showed the slightest sign of cooling problems. Actually they simply started drove and stopped when required to do so. Other than basic servicing and being slightly thirsty on diesel, they are a damn fine workhorse.

If I were in the situation where I needed a cheap mpv, both the toyotas and mazda mpv's would be high on my list.

I have no need for a 7 seater, so never owned one.

I did work in a toyota main dealer though and saw a few in for repairs, usually cooling system related.
This was 5-10 years ago.

kiteman

colm_mcm wrote: »

George, i would say any of them that owners would actually sell would be as you say above. They are getting old now.






I have no need for a 7 seater, so never owned one.

I did work in a toyota main dealer though and saw a few in for repairs, usually cooling system related.
This was 5-10 years ago.

Your earlier post said you heard of a few with cooling problems, and now you say you saw a few in for repairs with cooling problems. Confusing to say the least.

George Dalton

kiteman wrote: »

If I were in the situation where I needed a cheap mpv, both the toyotas and mazda mpv's would be high on my list.

Mine too (god forbid). But not a Previa. Avensis Verso 2.0 petrol is where it's at when it comes to reliability. They actually drive quite well too.

George Dalton

kiteman wrote: »

Your earlier post said you heard of a few with cooling problems, and now you say you saw a few in for repairs with cooling problems. Confusing to say the least.

Amounts to the same thing surely?

cerastes

Celly Smunt wrote: »

Not really,its fairly easy to spot a genuine car from a skip,some people here are just idiots.

Check the service history
Check to see if the mileage tallies with the nct
Check the over all quality of the interior (if somebody wrecks their interior its a good sign they don't give a crap about what happens under the bonnet)
Simple things like checking to see if they fill it with enough water (see above)
Bring a mechanic with you
Avoid ads with mis-spellings (seriously - "no timewaisters")
And most importantly dont buy a DL reg.

Rent to buy, doesnt sound like a great idea on the lower price end of things to me, maybe it is an option, think Id just buy something cheap.
As for the service history of cars the price that would equate to, by the time they get to that owner mostly, people dont know or care.
Same for NCT, dont keep records or care.
The interior being bad is a good indicator, but in my opinion, the interior being good, might not relate to how anything else is done.
That they fill it with anything, let alone with water? my wife just asked me to top up her antifreeze as theres nothing coming out when she has the wipers on.
Misspellings, maybe.

colm_mcm wrote: »

I'd swallow my pride and look at stuff like Toyota Picnics if that were my budget. That's a minefield of shoite you'd be looking at there.

Pride? I must have a quirky sense of style, those picnics look retro, estimas look like something belonging in the jetsons, aside from the wheels. The weirder they look the more interesting they become to me, well japanese stuff anyway.

kiteman wrote: »

Or you could look at toyota previa's, Ok they are a 2.2 diesel engine, but they are pretty bullet proof and are available for less than €1000
I know how bullet proof they are as I have owned a few of them over the last 15 years.

Whatever of low tax options, dont think it applies, a 2.2 is taking it up a notch. Whats the fuel economy on them like? was that a diesel or petrol? auto or manual?

kiteman

George Dalton wrote: »

Amounts to the same thing surely?

Not to my way of thinking.

colm_mcm

kiteman wrote: »

Not to my way of thinking.

I wasn't spannering on the cars in the dealers so was only going on what I heard in conversation from the owners and our mechanics/service manager.

cerastes

George Dalton wrote: »

Mine too (god forbid). But not a Previa. Avensis Verso 2.0 petrol is where it's at when it comes to reliability. They actually drive quite well too.

I kept an eye out for one of these once, but at the time anyway, there were hardly any to be had, not sure if it was petrols or diesels I was looking at, just generally looking with an auto requirement, but not many even in manuals.

George Dalton

kiteman wrote: »

Not to my way of thinking.

Can you explain further?

1. Heard of a few with cooling problems
2 Saw a few in the garage I worked in with cooling problems

If anything the latter carries more weight to my way of thinking. More facts and less pub talk/speculation.

Stheno

George Dalton wrote: »

Can you explain further?

1. Heard of a few with cooling problems
2 Saw a few in the garage I worked in with cooling problems

If anything the latter carries more weight to my way of thinking. More facts and less pub talk/speculation.

This is also confusing me, I read it the same way as George