Dealer of potential new wife-mobile is eager that they settle existing finance agreement on current wife-mobile rather than us settle before trade-in.

Aside from fight and flight I also have a basic instinct to avoid paperwork at all costs, so why would the dealer be so keen that they settle after trade in? What is in it for them?

I am slightly suspicious of this behavior, but cannot reason why it is in their benefit.

Dealer of potential new wife-mobile is eager that they settle existing finance agreement on current wife-mobile rather than us settle before trade-in.

Aside from fight and flight I also have a basic instinct to avoid paperwork at all costs, so why would the dealer be so keen that they settle after trade in? What is in it for them?

I am slightly suspicious of this behavior, but cannot reason why it is in their benefit.

The only reason I can think of is that it will speed everyhting up.

If you settle the paymnet, even if you do it by credit card, then it may take a week or so for the finance house to report back to you, and in turn the dealer. If THEY settle it, then they know that it has been done, and could save some time.

Why not ask them the real reason, and if you dont like it, walk away.

The only reason I can think of is that it will speed everyhting up.

If you settle the paymnet, even if you do it by credit card, then it may take a week or so for the finance house to report back to you, and in turn the dealer. If THEY settle it, then they know that it has been done, and could save some time.

Why not ask them the real reason, and if you dont like it, walk away.

Its so they know its done as they legally can't sell the car on until its HPI clear. Honda were exactly the same when I traded my s2000 back into them - so nothing to worry about

Its so they know its done as they legally can't sell the car on until its HPI clear. Honda were exactly the same when I traded my s2000 back into them - so nothing to worry about

its so they personally know its done, as its illegal for them to sell the car on if it still has HPI on, its a security for them more than anything, but make sure they do it with you present!

i just px'd my mg zt for my new octavia a week ago and the dealer were more than happy to settle the finance for me. As said it means they know the car is hpi clear as they have cleared it.

It is cause its the quickest and easiest way but it will still be a hassle. I traded in my 2007 vRS for a 2010 vRS and even though the finance on the 2007 car was with Skoda and the finance on the new car was with Skoda ,and it was with the same person, and the payments were coming from the same bank account, and I live at the same address they still had to do credit checks and ID verification!!! Took most of the day, not the dealers fault but it did take the shine off picking up a new car.

Edited 25 June, 201015 yr by banksie