I am in the process of buying a new car. It is a VW Golf, new model and automatic. When I phoned one of the dealers with regard to price, availability etc., he then asked me was it for cash or a trade in. When I told him it was a trade in he said they were only interested in cash as they had too many second hand cars!
I am looking to buy a new car. No doubt the dealer is within his rights to refuse a trade in, it is a real sign of the times with the SSIA cash floating around. But then again maybe VW might not think too highly of their dealerships refusing to sell their cars?
they were only interested in cash as they had too many second hand cars!
The reason I am buying new is I want an automatic car with full warranty. It is a lot of hassle to sell privately and to be honest if I did that then it might be just as easy to buy privately why do we need to use dealerships at all? My logic is if I want a new car then I go to the garage of choice, trade my car in and buy a new one. I do not need finance either.
he then asked me was it for cash or a trade in.
I think you are getting confused with the terms
trade-in : garage takes your old car when you get your new one
cash: no trade-in, e.g. garage does not take you old car when you get the new one. My understanding of their jargon is that cash deal has nothing to do with cash (even with the FLA of the year, SSIA!!). You can get financing with a "cash deal" which they actually love as they also make few bobs on the finance package.
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