Buying a new car - Payment

el Fenomeno

Silly question as have never bought a new car before. When buying a new one and it's not expected to be delivered for a few months, how does payment generally work? Small deposit and balance on delivery?

ec_pc

https://www.boards.ie/discussion/2058228445/buying-a-new-car-payment

Yes.

Make sure price is locked down fully in writing and always have that conversation about mileage on your own car impacting trade in especially if the new car is delayed. Some dealers handle this much better than others.

bazz26

I don't think you will get a locked down price guarantee if there is a long lead time on delivery. Terms and conditions of the order sheet will always have a clause to allow for price rises, tax increases, etc so you pay the price at time of delivery rather than when you place the order. With the way delivery times are so stretched now on cars you could be looking at price increases from the manufacturers and even VRT increases if it runs into next year for delivery.

ec_pc

https://www.boards.ie/discussion/comment/118492396#Comment_118492396

Yes, my comments were more aimed towards getting a locked down value on the trade-in. Some dealers will do this so you know where you stand. Nothing worse than rocking up to the garage in 6 months time and they devalue your car due to higher mileage etc. I always say to dealers to give me a price you can stand over, if they dither I just walk.

bazz26

The way things are with the current used car market, the OP's current car's value could actually be higher in 6 months time. Crazy times.