Just a question as to when is the best time of year to buy a car from a dealer?
Also, should you expect much a of a discount for a cash payment as opposed to finance please?
If buying new, better deals always seem to be available for new year delivery’s. I believe the manufacturers partly fund some of the current scrappage type deals that were introduced last November for the early 161 sales, they will probably disappear soon and might reappear approaching 162.
I don’t think it makes any difference paying cash, payment in full from a finance company is no different to a draft from a bank, I think it was mentioned here in the past that garages get commission selling the finance, so they might even prefer to sell with finance rather than cash.
I bought a new car recently, the on the road price including delivery, plates and metallic was €24,200. I got a €3,000 trade in allowance for my 15 year old banger, which was immediately passed on to small dealer for €250, so I was paying €21,450 for my new car.
The invoice states I got a discount of €2,750 and €250 trade in allowance.
Identical I year old models are priced higher than the €21,450 that I paid for new, now I accept you will get a discount off the second hand asking price but don’t think it would be anything near the €2,750 that I got off a new car, particularly bearing in mind there would be no manufacturer contribution for a second hand car.
It seems to me that new car prices are inflated both to make your trade in allowance look better and to have a good differential in price between new and second hand.