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Topic: Discount of New caravans
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17/8/2014 at 6:01pm
Location: Outfit:
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Of course like with cars, the dealers make a good margin from the sale of the credit.
And this why some dealers will offer interest free finance, but we all know that the interest content is built into such offers, so I would steer clear of those dealers, as they have little if no room to drop the price.
If I was was buying a new caravan, I would let the salesperson give me his/her best deal, letting them think that you were going to do the purchase on there finance.
Once the deal is in the bag, but before you sign upto the finance package.
Produce a cheque and scribble out the deal price.
Of course you need to get your ducks in a row first, having secured a loan at super low interest rate first.
But there again, would I know, having never bought a caravan old or new!
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17/8/2014 at 6:13pm
Location: South Outfit: Pageant Bordeaux S7
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Quote: Originally posted by Francais on 17/8/2014
Of course like with cars, the dealers make a good margin from the sale of the credit.
And this why some dealers will offer interest free finance, but we all know that the interest content is built into such offers, so I would steer clear of those dealers, as they have little if no room to drop the price.
If I was was buying a new caravan, I would let the salesperson give me his/her best deal, letting them think that you were going to do the purchase on there finance.
Once the deal is in the bag, but before you sign upto the finance package.
Produce a cheque and scribble out the deal price.
Of course you need to get your ducks in a row first, having secured a loan at super low interest rate first.
But there again, would I know, having never bought a caravan old or new!
The dealer does not get finance commission at 0%!
Sometimes 0% or low rate finance is offered by the manufacturer (out of its marketing budget) so the dealer will still have its full margin intact. So sometimes you can have your cake and eat it!
They can't offer a cash price and a credit price, the price has to be the same. It can be cheaper to use the dealer finance if the manufacturer is making a deposit contribution or if the rate is very low.
A 2014 model will be cheap as the 2015 ranges get introduced. The end of a quarter is a good time to get a deal as they will have targets to meet. Or, as has been suggested - do a deal at the NEC. Our friends did this, they bought from the manufacturers stand and picked up the van from their local main dealer thereby avoiding any issues with warranty work and aftersales.
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