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Jimbo095

Member Since: 21 Sep 2016
Location: Lincolnshire
Posts: 145

donny dog wrote:
RRSman wrote:
There is currently a great finance contribution from Land Rover Finance. £1500 off an HSE, £2000 off a Dynamic and a whopping £3000 off an Autobiography. You won't get these paying cash!

I got a lot more discount than that paying cash for an Autobiography.

Surely they are referring to additional discount/contribution coming from LR finance as opposed to and on top of whatever they may have already negotiated with the Dealer?..

Fri Jan 20 2017 11:38pm

donny dog

Member Since: 23 Nov 2016
Location: yorkshire
Posts: 772

Yes, I realise that now.

It's such a good deal it's making me wonder whether I should look into it for my 1 March delivery.

Sat Jan 21 2017 10:10am

rrsfan

Member Since: 01 Jun 2014
Location: West Midlands
Posts: 140

2013 Range Rover Sport SDV6 Autobiography Santorini Black

Danv8 wrote:
I have a friend who bought a new evoke he asked the dealer the same question and the sales guy told them that by getting a finance deal they could offer them better discounts, higher trade in prices (if applicable) and often some minor things like matts etc. Then when you get home wait a few days and pay it off in full so you don't get any penalties. So you still get the savings and very minimal or if any interest charges.

Thats a great idea but surely LR dont allow that to happen. There must be a clause in the finance agreement that you have to pay a penalty if you clear the payment early ?

Sat Jan 21 2017 2:21pm

rrsfan

Member Since: 01 Jun 2014
Location: West Midlands
Posts: 140

Thanks for all your advice guys but fyi my nephew works at the dealership the car price (with the delaer fit options) came to 84k and i was given a discount of £4700 but i told them i was paying cash. The car has been ordered and should arrive end of this month. Do you think its still possible to ask for a further discount if i say i want to use finance ?

Sat Jan 21 2017 2:27pm

donny dog

Member Since: 23 Nov 2016
Location: yorkshire
Posts: 772

Same question from me!

Sat Jan 21 2017 2:30pm

Eaters

Member Since: 11 Apr 2016
Location: East Sussex
Posts: 1532

2008 Range Rover Sport TDV8 HSE Zermatt Silver

rrsfan wrote:
Thanks for all your advice guys but fyi my nephew works at the dealership the car price (with the delaer fit options) came to 84k and i was given a discount of £4700 but i told them i was paying cash. The car has been ordered and should arrive end of this month. Do you think its still possible to ask for a further discount if i say i want to use finance ?

Let me speculate - not knowing anything about how LR finance works - but I would be very surprised if the dealer's sales team weren't targeted on finance sales as well as car sales. In other words they'll get a bit extra commission if the car sells on finance rather than cash as finance is profitable for the company as they in turn get paid by the finance house. No doubt others will correct this assumption if I'm wrong.

So what have you got to loose? If I'm right they'll bite your arm off for a deal on finance. Whether you can then cancel a few days after picking up the car will be down to you to check with the small print but it appears to be possible from reading this thread. Robin
2008 Range Rover Sport TDV8
Gone:
Jaguar S-Type V8 4.2 Sport
MGZTT 190 2.5

Sat Jan 21 2017 6:15pm

donny dog

Member Since: 23 Nov 2016
Location: yorkshire
Posts: 772

I'm sure you're absolutely right, but it makes me wonder why no-one even suggested finance to me. By comparison, I've had e-mails about taking their GAP insurance (more commission obviously) so you'd have thought that finance would have at least been offered to me at some stage. The only reason I've never considered it myself was that I'd assumed that it was just like the 'never never', and that you'd be bound to end up paying a lot more, but reading this thread would suggest otherwise. (I'd never even heard of PCPs , 'balloon' payments, etc.)

Sat Jan 21 2017 7:12pm

andymc

Member Since: 04 Jan 2017
Location: london
Posts: 127

I'd pay cash, if I had it. who knows what the economy is going to do in 12 months time...

Firstly the salesman get additional commission if they get you to finance the car. secondly, you can get APR rates at half of those JLR are offering via high-street banks. SVR with a few bits from Urban and Glohh

Sat Jan 21 2017 7:44pm

Eaters

Member Since: 11 Apr 2016
Location: East Sussex
Posts: 1532

jc74 wrote:
My advice (and what I did this time and various times with other cars) is to take the finance
get the deposit contribution
Get the car
withdraw from the finance within 14 days paying nothing except the few days interest. (About £15 in my case I think)
Pay off the amount financed (car cost minus deposit minus deposit contribution)

This way you get the best of both...

Have a search around on the internet, the right to withdraw only works if you are financing less than about 60k though, so beware on a car like this!

Of course this law in our favour might go when we leave the EU but that's a different discussion.

Yes, but - as above - if you can and do pay it of within a few days without penalty then you get the best of both worlds Robin
2008 Range Rover Sport TDV8
Gone:
Jaguar S-Type V8 4.2 Sport
MGZTT 190 2.5

Sat Jan 21 2017 8:00pm

donny dog

Member Since: 23 Nov 2016
Location: yorkshire
Posts: 772

andymc wrote:
I'd pay cash, if I had it. who knows what the economy is going to do in 12 months time...

Firstly the salesman get additional commission if they get you to finance the car. secondly, you can get APR rates at half of those JLR are offering via high-street banks.

True, but if you get an extra £3,000 off an Autobiography it alters the calculation completely, especially if you can pay it off straight away as claimed in this thread.

Sat Jan 21 2017 8:07pm

DrRob

Member Since: 23 Feb 2011
Location: Hampshire
Posts: 2007

donny dog wrote:
I'm sure you're absolutely right, but it makes me wonder why no-one even suggested finance to me. By comparison, I've had e-mails about taking their GAP insurance (more commission obviously) so you'd have thought that finance would have at least been offered to me at some stage. The only reason I've never considered it myself was that I'd assumed that it was just like the 'never never', and that you'd be bound to end up paying a lot more, but reading this thread would suggest otherwise. (I'd never even heard of PCPs , 'balloon' payments, etc.)

Don't buy GAP from dealer. Use ALA who are a specialist gap broker and much, much cheaper. Dealers make ££ on those add on products

Visitor from fullfatrr.com
* GONE. 2012 RR Sport HSE SDV6 Orkney Grey. Now being piloted by RRSTDV8
* Current: 2011 4.4 TDV8 Full Fat. Amazing piece of kit.
* Current. 1974 Lightweight 2.25L petrol. Old skool
* GONE. Freelander GS TD4 Manual MY2013. Orkney Grey with privacy, cold and clearview packs, armrests (a must!) and a spoiler.
* GONE. Range Rover Classic '93 200Tdi Factory fit
* 1949 80" in family since 1975

Sat Jan 21 2017 8:10pm

Tim in Scotland

Member Since: 30 May 2005
Location: Driving along in my automobile
Posts: 17476

2013 Range Rover Sport SDV6 HSE Stornoway Grey

If you cancel/ pay off the loan within the cooling off period does the salesman still earn his commission? You could be on a win,win,win situation if he doesn't 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
2018 Melting Silver Mini Countryman PHEV - soon to be replaced
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

Sat Jan 21 2017 8:14pm

andymc

Member Since: 04 Jan 2017
Location: london
Posts: 127

LOL - quite possibly

last time I financed a car (AMG) they begged me not to pay it all off in the first year ... presumably because is did effect their commission SVR with a few bits from Urban and Glohh

Sat Jan 21 2017 8:30pm

donny dog

Member Since: 23 Nov 2016
Location: yorkshire
Posts: 772

DrRob wrote:
donny dog wrote:
I'm sure you're absolutely right, but it makes me wonder why no-one even suggested finance to me. By comparison, I've had e-mails about taking their GAP insurance (more commission obviously) so you'd have thought that finance would have at least been offered to me at some stage. The only reason I've never considered it myself was that I'd assumed that it was just like the 'never never', and that you'd be bound to end up paying a lot more, but reading this thread would suggest otherwise. (I'd never even heard of PCPs , 'balloon' payments, etc.)

Don't buy GAP from dealer. Use ALA who are a specialist gap broker and much, much cheaper. Dealers make ££ on those add on products

Thanks, but I wouldn't dream of buying off the dealer (3 x as expensive!!). I was just using this as an illustration that they are willing to offer me lucrative (to them) options, but didn't offer me finance.

Sat Jan 21 2017 8:37pm

JohnPM

Member Since: 18 Jan 2017
Location: Bedford
Posts: 8

If finance is cancelled/repaid within 6 months dealership gets it in the neck from the finance company.

Last edited by JohnPM on Tue Jan 24 2017 8:07pm. Edited 1 time in total

Sat Jan 21 2017 10:19pm

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