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Hi all,

I've been in the market for a second car for the missus & 19 month old and noticed the below deal at my local Renault dealer:

Representative Example 48 monthly payments of £99.75 Customer deposit £1,750.00 Cash price £8,395.00 Dealer deposit contribution £500.00 Total amount of credit £6,145.00 Finance facility fee £139 Optional final payment £2,652.92 Option to purchase fee £10 Total amount payable £7,688.92 Duration 49 months Fixed interest rate p.a. 7.33% APR Representative 8.72% Acceptance Fee £99

Now on the face of it it looks like a good deal for the money and in all likelyhood we'll keep the car and/or sell it privately before the PCP deal ends and pay the finance off - whichever work best financially.

I was wondering though if there's any use in being ambitious when I go into the dealers - i.e. asking for additional freebies - matts, service plans, waiving of those ridiculous extras like purchase fees, facility fees etc and did you guys have any luck with this?

I'd also be interested in what you're paying - if you're willing to share.

Cheers.
 

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Hi random........... I think the word " ambitious" is the correct one..........heheheh To be honest I think you`ll be lucky to get anything thrown in,,,,maybe a few gallons of fuel at best.

But,,, On the plus side,,,,,,,,, had my stepway since october,,,, great price , lovely car, All good so far.

YJ
 

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Thanks for the replies guys. I'll head over at lunchtime and let you know how I get on :).
If you have a real close look at that finance package the figures are misleading, Take a close look at what you really pay...

£ 1750.00 Deposit
£ 4788.00 Instalments 48 x £99.75
£ 139.00 Finance facility fee
£ 2652.92 optional final payment
£ 10.00 option to purchase fee
£ 99.00 acceptance fee

£ 9438.92 is the real total amount payable by you to own the car.

If you compare that to borrowing the total amount £8395 from Sainsbury's Bank over 48months @ 3.5% apr to buy the car cash.
The total amount payable would be £8,998.56
That's a lot cheaper in the long run than the dealer finance, even after the dealer has given a £500 contribution the bank is still hundreds of pounds cheaper...

You do the maths.
 

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If you have a real close look at that finance package the figures are misleading, Take a close look at what you really pay...

£ 1750.00 Deposit
£ 4788.00 Instalments 48 x £99.75
£ 139.00 Finance facility fee
£ 2652.92 optional final payment
£ 10.00 option to purchase fee
£ 99.00 acceptance fee

£ 9438.92 is the real total amount payable by you to own the car.

If you compare that to borrowing the total amount £8395 from Sainsbury's Bank over 48months @ 3.5% apr to buy the car cash.
The total amount payable would be £8,998.56
That's a lot cheaper in the long run than the dealer finance, even after the dealer has given a £500 contribution the bank is still hundreds of pounds cheaper...

You do the maths.
That's presuming the op has a perfect credit score. Could be higher otherwise. Always worth a check though.
 
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