ozz Posted December 19, 2007 Share Posted December 19, 2007 After advice on buying from a car dealer. I'm going to look at a motor on the weekend, if I'm tempted to offer what is the best approach? If I say 'how much cash price' - do I then have to stump up the cash in notes or do bank transfers/debit card count as a cash sale? Its around 15-16k so not sure if I want to carry that much cash around. Or should we negotiate best price then I pay maybe a couple of k as deposit and transfer the rest over xmas when the car is being made ready? Advice off dealers would be good... Quote Link to comment Share on other sites More sharing options...
Gaz Walker Posted December 19, 2007 Share Posted December 19, 2007 Cash to me basically means no finance, no hassle, less paperwork. So debit card/bank transfer or bankers draft is a form of cash too Gaz. Quote Link to comment Share on other sites More sharing options...
lexsum Posted December 19, 2007 Share Posted December 19, 2007 Larger dealers are not so interested in cash sales these days as they are there to sell finance as much as cars. Quote Link to comment Share on other sites More sharing options...
jamesmark Posted December 19, 2007 Share Posted December 19, 2007 I always get their price first then I say what can you do for a cash deal, as in notes. Quote Link to comment Share on other sites More sharing options...
JamieP Posted December 19, 2007 Share Posted December 19, 2007 Hit them with a low first offer for cash (3k under the asking price id start with) and work from there. Quote Link to comment Share on other sites More sharing options...
michael Posted December 19, 2007 Share Posted December 19, 2007 Main dealers don't like cash, it's an annoyance, they like credit agreements, it earns them more money. Quote Link to comment Share on other sites More sharing options...
ozz Posted December 19, 2007 Author Share Posted December 19, 2007 Its not a main dealer or I would consider finance, its an import dealer. Good to know if I say best price for cash then it doesn't mean notes. Interesting about the 3k thing - I was going to offer 1k under but perhaps I'll try and be cheeky. Problem is the car is priced low, though it seems genuine, and I couldn't get one private for what he's offering. Quote Link to comment Share on other sites More sharing options...
lexsum Posted December 19, 2007 Share Posted December 19, 2007 ooh i'd take care especially if a car is under-priced. Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 19, 2007 Share Posted December 19, 2007 Generally from a dealer, dont you put down a deposit and collect the car later, with the final payment being made just before they transfer ownership. Also cash poses a financial risk, not only to you, but to the dealer as well. Fraud, money laundering, etc. lots of companies do not allow large cash (notes) payments. Quote Link to comment Share on other sites More sharing options...
ozz Posted December 19, 2007 Author Share Posted December 19, 2007 Generally from a dealer, dont you put down a deposit and collect the car later, with the final payment being made just before they transfer ownership. Also cash poses a financial risk, not only to you, but to the dealer as well. Fraud, money laundering, etc. lots of companies do not allow large cash (notes) payments. Hmm, didn't think of that. Will go with deposit then transfer cash somehow. I've paid cash in the past for cars but never spent this much before and didn't want to look like an idiot. Quote Link to comment Share on other sites More sharing options...
gaz1 Posted December 19, 2007 Share Posted December 19, 2007 if he is a small import company then i reckon he would rather notes, and it could make you a good deal, cash to me means notes, as said big companys there not interested, but to the average bussiness man it means a lot, most of the cars or large purchases i have bought have been notes, you can knock them down a fair bit by showing them real money;) but carrying that amount you have to be careful Quote Link to comment Share on other sites More sharing options...
jevansio Posted December 19, 2007 Share Posted December 19, 2007 Just bought a new car, tried the old how much for cash, managed to get a bit off, after we had agreed a price he said that cash would be an annoyance for him & switching it is much easier for him (and me). Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 19, 2007 Share Posted December 19, 2007 Hmm, didn't think of that. Will go with deposit then transfer cash somehow. I've paid cash in the past for cars but never spent this much before and didn't want to look like an idiot. do not know if car dealers will say no, but a couple of companies that I have dealt with (not ar dealer) have said no to anything above £250 being a cash transaction, as it raises questions with the FSA about money laundering. Could just be specific industries... Quote Link to comment Share on other sites More sharing options...
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