Just been with my daughter to sign for a new car which she will be getting on September 1st.
It is the basic model and instead of taking interest free credit she has negotiated a discount for cash.
Yesterday we went to another garage and all they were interested in doing is selling her a car which was nearly £4,000 more cash price and then they tried to encourage her to put the minimum deposit down and have the maximum HP so she would be paying out about £6,000 more over time.
It is little wonder why people are getting in to debt.
The salesman who sold her the car was glad to make the sale.
He said he liked cash sales as he could see people were just buying what they could afford and another point he raised was that people who do that are more likely to come back in a few years for another car.
Frank
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The next day, a nicer car was driven up from Oxford and delivered to me with a bunch of flowers and an apology. I've avoided paying cash since then. Not that I think they had a leg to stand on, but it was a rotten experience. I usually get a low interest deal, in return for them knocking a bit more off the price, and pay it off early so the interest paid is minimal.