Big discounts...sounds too good to be true.

[oldstan]

Been looking around...as you do...

 

Have been clicking in all the usual places...manufacturers websites and brokers etc.  

 

I would have  confidence in my local dealer not going broke with my deposit and would also be almost as confident with Drive the Deal and Carfile.  Maybe a tiny bit less so with Orange Wheels or Broadspeed...but would imagine they'd be OK... and so it goes on....

 

But I stumbled across mention of a broker I hadn't heard of (actually it was on a BMW forum and I don't envisage a BMW but that's neither here nor there).

 

The broker is called C2C or Coast to Coast.    To be honest most of the models I ckecked out showed up discounts that looked about par for the respective courses of the makes I was interested in - but a 1.2 SEL Yeti DSG with one or two extras and metallic paint showed a discount of over £4,600.  That's tempting! They don't show Fabias or Citigos but when I looked at Toyota they did show Aygos...so they don't seem to exclude ALL small cars.

 

I think I would be interested to know if I'm the only one not to have heard of them.

[999pooch]

C2C is the broker of choice on the BMW forums.

Not sure why they aren't as popular on here, but forums do get a bit cliquey.

Anyhow, they are a reputable broker

[Citigopher]

Have a look in the Superb 3 section. Lots of people there got their cars from C2C. Some on cash purchase/PCP, others on PCH.

[oldstan]

Ta for the quick replies....good to hear that.

 

However I think the description is saying that the price relates to PCP via a particular intermediary and isn't a cash price.  Am I right in saying this or have I misread that bit?

 

I'll look further into C2C and make a mental note to check them for comparison with others. 

 

The BMW forum I referred to spoke highly of them and ties in with 999pooch's and Citigopher's observations.  

 

The (slightly) odd thing is I've never seem them spoken of within the other motoring sites that I have inhabited over time.  But it seems to be a case of "you learn something new every day". 

[Dr Zoidberg]

I've seen C2C mentioned in some of the mainstream press, and they are definitely a reputable broker.
It's not uncommon for some deals to be conditional on using particular finance providers, but there's nothing to stop you using them then paying it off in full straight after. Just check the small print and see what penalties and charges might apply.

[oldstan]

Thank you Dr. Z

 

I just tried to go back to the quote to check...I believe it said PCP and didn't mention the HP type of finance. But the page wasn't working for me. The (admittedly few) times that I've gone to seek a quote from the website it seems to be a bit hit and miss whether it functions - it comes up with messages to the effect that the facility isn't available at the moment, try again in five minutes...etc. But it could just be a temporary thing or it could be my machine not liking something or other.

[ColinD]

If you know the spec of the car you're after then have a read of our car buying scheme. Essentially I'm teaming up with dealers to offer all models, specs and full uk dealer support at the right prices with privacy, minimal fuss and no risk of a broker

 

Two pages to look at: 

Buying of your new car: http://www.briskoda.net/forums/topic/388347-buy-your-new-skoda-here-exclusive-prices/

 

Selling of your older car: http://www.briskoda.net/forums/topic/393296-bespoke-car-buying-service-with-carter-haines/?view=getnewpost

[oldstan]

^^^  Thanks...will do.

[freedie]

Me too!

[Expatman]

Thank you Dr. Z

 

I just tried to go back to the quote to check...I believe it said PCP and didn't mention the HP type of finance. But the page wasn't working for me. The (admittedly few) times that I've gone to seek a quote from the website it seems to be a bit hit and miss whether it functions - it comes up with messages to the effect that the facility isn't available at the moment, try again in five minutes...etc. But it could just be a temporary thing or it could be my machine not liking something or other.

Checked Coast2Coast and their offering is dependent on taking a PCP with Barclays. Nevertheless saving of over £4,700 on a well specced SEL 1.2 Tsi DSG is worth considering. Also don't forget that you have a legal right to cancel the PCP finance within 14 days and pay in cash without penalty if you prefer.

[muddyboots]

We bought our Superb 3 via C2C.

At the time we got ~21% discount, which equated to around £7k off list - no dealers I contacted could come anywhere remotely close.

We were told the finance could be settled in full at any time, and the penalty was pretty small (couple of months interest IIRC - a drop in the ocean compared to the amount being saved on purchase price).

Others bought Superbs via New Car Discount, I think the feedback was good. Would be worth checking them out too.

[graham47]

I presume, in all these cases, no p/ex was involved ?

Car sold privately ?

No dealer offering competitive discount for no p/ex ?

[Sad555]

Friend of a friend has just got a new Octavia L & K 2l diesel h/b 300 mile ex demo £20,000 with £2000 px on old car so £18000 to pay and was still upset as no spare wheel

Edited 5 May, 2016 by Sad555

[oldstan]

Checked Coast2Coast and their offering is dependent on taking a PCP with Barclays. Nevertheless saving of over £4,700 on a well specced SEL 1.2 Tsi DSG is worth considering. Also don't forget that you have a legal right to cancel the PCP finance within 14 days and pay in cash without penalty if you prefer.

 

 

Is that universally the case with all the PCP offers we see everywhere we look?  TBH the infinite variables, gambles on future valuations and complexities of PCPs hold no attraction for me. But a sizeable discount does.  As has been mentioned, maybe the PX throws a spanner in the works?  If so then presumably all the offers on Drive the Deal etc. which say this or that discount provided PCP is taken are all academic if you can simply sign up, get the discount and then cancel without penalty?

Edited 5 May, 2016 by oldstan

[Expatman]

Is that universally the case with all the PCP offers we see everywhere we look?  TBH the infinite variables, gambles on future valuations and complexities of PCPs hold no attraction for me. But a sizeable discount does.  As has been mentioned, maybe the PX throws a spanner in the works?  If so then presumably all the offers on Drive the Deal etc. which say this or that discount provided PCP is taken are all academic if you can simply sign up, get the discount and then cancel without penalty?

We need a legal eagle to advise on this. As I read it you have 14 days to cancel a credit agreement without penalty. Now I might well be completely wrong on this so are there any lawyers out there who can give a definitive ruling?

[oldstan]

Post #10....Checked Coast2Coast and their offering is dependent on taking a PCP with Barclays. Nevertheless saving of over £4,700 on a well specced SEL 1.2 Tsi DSG is worth considering. Also don't forget that you have a legal right to cancel the PCP finance within 14 days and pay in cash without penalty if you prefer.

 

Post #15....We need a legal eagle to advise on this. As I read it you have 14 days to cancel a credit agreement without penalty. Now I might well be completely wrong on this so are there any lawyers out there who can give a definitive ruling?

 

Oh....I sense a lack of certainty in the latter post compared to the former :-(

 

[muddyboots]

I presume, in all these cases, no p/ex was involved ?

Car sold privately ?

No dealer offering competitive discount for no p/ex ?

Correct, no part-ex.

The last 3 cars I've got rid of, I've prepped them to death, got all the paperwork together, and driven round a number of dealerships to see what they'll offer me.

Each time I ended up selling to the same trader, and got virtually as much as a private sale but without the hassle (and got a decent chunk more than WBAC offer...).

[Expatman]

Post #10....Checked Coast2Coast and their offering is dependent on taking a PCP with Barclays. Nevertheless saving of over £4,700 on a well specced SEL 1.2 Tsi DSG is worth considering. Also don't forget that you have a legal right to cancel the PCP finance within 14 days and pay in cash without penalty if you prefer.

 

Post #15....We need a legal eagle to advise on this. As I read it you have 14 days to cancel a credit agreement without penalty. Now I might well be completely wrong on this so are there any lawyers out there who can give a definitive ruling?

 

Oh....I sense a lack of certainty in the latter post compared to the former :-(

Not so, a quick internet search will bring up many sites where buyers have used this system (look at The Car Expert site for one). However, as with all legal agreements it is necessary to check the PCP Agreement to make sure there is no claw back clause, mind you, no one on the internet has ever found such a clause. Interestingly many people using this system say they were put on to it by the Car Salesman at the dealers! Take the PCP then within 14 days of signing the agreement you tell the Finance Compnay you wish to withdraw and the finance company will then invoice you for the value of what was originally financed (not the value of the car), so you have to pay up straight away. Some buyers have used this system to get Free Servicing as well. I am not a lawyer so don't pretend to advise anyone but this system is worth investigating as it could save you £'000's on a new car. 

[oldstan]

All received...thank you.  Certainly adds a promising dimension to the prospect of getting the max. discount despite the conditions shown on the broker's sites.

[Falmouthboy]

The 'take the deal with PCP then pay off within 14 days' is a well established tactic to save money. The finance company have no choice if you cancel within 14 days to accept your cash without penalty. The dealer can't penalise you either as they sold you the credit, so are bound by the same 14 day rule. In practice, so few people cancel after 14 days that the credit companies just take it on the chin.

Sent from my iPad using Tapatalk

Edited 7 May, 2016 by Falmouthboy

[oldstan]

The 'take the deal with PCP then pay off within 14 days' is a well established tactic to save money.................

 

Thanks for that.  Encouraging news.

 

[RapidPaul]

I paid off credit on a previous car with a (much cheaper) bank loan within the 14 day period. Check the small print though as I think the cooling off period rules are different depending whether you sign the paperwork on the dealer's premises or not (I might be talking nonsense though). It's not difficult to work out that these big discounts are offset by higher interest rates than you would have to pay if buying through VWFS. There's no such thing as a free lunch, after all.