Question on cash buyers

spudulike

hi all,

wanted to get some advice on whether you can still get a discount when your a cash buyer? I'm thinking of buying a car around 1 yr old and could go pcp. will I get a better price if I'm not getting finance?

cheers.

TimeToShine

Yes. Hold your ground and any dealer worth his salt won't turn his nose up at cold hard cash.

noel100

spudulike wrote: »

hi all,

wanted to get some advice on whether you can still get a discount when your a cash buyer? I'm thinking of buying a car around 1 yr old and could go pcp. will I get a better price if I'm not getting finance?

cheers.

What car are you buying.
If buying a new car should get 10-12% off
So same should apply to second hand 15 or 16 car.
You might be better going to uk or N-Ireland
I was in a local garage the other day and they are inundated with second hand cars.

colm_mcm

TimeToShine wrote: »

Yes. Hold your ground and any dealer worth his salt won't turn his nose up at cold hard cash.

The question is if you'll get it chraper than on finance though.

MaceFace

I'm not so sure. Won't the sales rep make extra from the finance?
I went cash on a new BMW and after what I read elsewhere, I sought, and received a 6% discount (iirc).

colm_mcm

MaceFace wrote: »

I'm not so sure. Won't the sales rep make extra from the finance?
I went cash on a new BMW and after what I read elsewhere, I sought, and received a 6% discount (iirc).

By cash you mean you had no trade in, or you went in with a wheelbarrow of notes?

MaceFace

colm_mcm wrote: »

By cash you mean you had no trade in, or you went in with a wheelbarrow of notes?

Yeah, no trade-in.
I didn't have a need for a wheelbarrow. I had about 4" of €50 notes so I could fit this in my bumbag.

colm_mcm

The discount is for not having a trade in rather than your method of payment.

Cash deal/Straight deal.

Stravos Murphy

Cash will be better than a cheque or bank transfer all day long.

colm_mcm

Unless the garage is not accounting for income and wants to stash your money, they'll prefer not having large amounts of money on the premises.

Stravos Murphy

They take the cash as payment and take it to bank with other lodgements of the day.

spudulike

noel100 wrote: »

What car are you buying.
If buying a new car should get 10-12% off
So same should apply to second hand 15 or 16 car.
You might be better going to uk or N-Ireland
I was in a local garage the other day and they are inundated with second hand cars.

I'm thinking of a BMW and yes I would have a trade in... but not a very valuable one.

goz83

Could one really expect 10% off if paying in straight deal. ?

Would the same apply for a business? Say a 50k car for €45k if paid in cash?

emeldc

Stravos Murphy wrote: »

They take the cash as payment and take it to bank with other lodgements of the day.

As long as it isn't a Martin Cahill type character that sends in a mate to rob the cash back as Martin drives out the gate in his new Beemer

Gwynston

Many years ago, a guy I worked with in England (who was a bit mad) was buying a brand new car straight out of the showroom with money he'd saved.

He said he'd always wanted to wield a briefcase full of cash, so he literally went to a gentleman's shop to buy a leather-bound briefcase, took it to the bank and asked to withdraw the money from his account in £50 bills, then put it all in the briefcase.

He went to the showroom, walked up to the car he'd chosen, plonked the briefcase on the bonnet and popped it open, saying "I'll take this one please - keep the change!"

colm_mcm

Stravos Murphy wrote: »

They take the cash as payment and take it to bank with other lodgements of the day.

There is a risk involved with carrying large amounts of cash. Not only could it get robbed. But there's the risk of counterfeit notes in there too.

Oops69

Gwynston wrote: »

Many years ago, a guy I worked with in England (who was a bit mad) was buying a brand new car straight out of the showroom with money he'd saved.

He said he'd always wanted to wield a briefcase full of cash, so he literally went to a gentleman's shop to buy a leather-bound briefcase, took it to the bank and asked to withdraw the money from his account in £50 bills, then put it all in the briefcase.

He went to the showroom, walked up to the car he'd chosen, plonked the briefcase on the bonnet and popped it open, saying "I'll take this one please - keep the change!"

MMM .. Must have been an extremely expensive car to fill a briefcase with fifty pound notes .