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Buying a car
Korting
post Fri, 18 May 2018 - 16:14
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I'm buying a new car, not brand new but a 2015 model from a main dealer.

The dealer is trying to get me to take out paint protection coating, is it really worth it, I'm not sure that it is.

The dealer has also suggested that is I take finance out with them, the finance company will contribute towards any major mechanical/electrical repairs if needed.

Personally and considering the car has a 1 year warranty, I dont think they would, or are the bound by the credit consumer act?

Dealers interest rate is circa 8%, whereas I could get 3.6% from my bank or 2.6% from another lender.

Is it worth getting finance through the dealer compared to other sources?
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Posts in this topic
- Korting   Buying a car   Fri, 18 May 2018 - 16:14
- - cp8759   I would go with the cheapest finance, the dealer...   Fri, 18 May 2018 - 16:25
- - The Rookie   The finance company would be liable under the cons...   Fri, 18 May 2018 - 17:20
|- - southpaw82   QUOTE (The Rookie @ Fri, 18 May 2018 - 1...   Fri, 18 May 2018 - 17:22
|- - Korting   QUOTE (southpaw82 @ Fri, 18 May 2018 - 1...   Fri, 18 May 2018 - 17:45
||- - southpaw82   QUOTE (Korting @ Fri, 18 May 2018 - 18...   Fri, 18 May 2018 - 18:06
|- - The Rookie   QUOTE (southpaw82 @ Fri, 18 May 2018 - 1...   Sat, 19 May 2018 - 05:24
|- - southpaw82   QUOTE (The Rookie @ Sat, 19 May 2018 - 0...   Sat, 19 May 2018 - 11:50
|- - glasgow_bhoy   QUOTE (southpaw82 @ Sat, 19 May 2018 - 1...   Sat, 19 May 2018 - 16:04
- - BaggieBoy   QUOTE (Korting @ Fri, 18 May 2018 - 17...   Fri, 18 May 2018 - 18:14
- - 666   If you pay part (at least £100?) by credit card t...   Fri, 18 May 2018 - 19:22
- - DancingDad   Check what warrantee is left on car anyway. Many c...   Fri, 18 May 2018 - 19:49
- - Korting   Dealer is main agent and does give 12 months warra...   Fri, 18 May 2018 - 20:07
- - DancingDad   On finance....check the bottom line, forget intere...   Fri, 18 May 2018 - 20:21
- - Incandescent   Paint protection is useless, they are just trying ...   Fri, 18 May 2018 - 20:45
- - Fredd   The only thing that challenges death & taxes f...   Fri, 18 May 2018 - 21:07
- - glasgow_bhoy   Is that 8% flat rate or APR? If flat rate I'd ...   Fri, 18 May 2018 - 22:33
- - The Rookie   Indeed, I was referring to the relationship in the...   Sat, 19 May 2018 - 13:13
- - Korting   I've paid a deposit on credit card which does ...   Sat, 19 May 2018 - 18:12
- - samthecat   Regarding paint protection.... You can buy a kit ...   Sun, 20 May 2018 - 09:07
|- - mashman36   QUOTE (samthecat @ Sun, 20 May 2018 - 10...   Sun, 27 May 2018 - 14:20
|- - paulajayne   QUOTE (mashman36 @ Sun, 27 May 2018 - 15...   Sun, 27 May 2018 - 16:23
- - Korting   I've declined both the paint protection and th...   Sun, 27 May 2018 - 19:19


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