So I have been in talks with another dealer over a newer VRS - although it is 5 hours from me!!

 

here is the car in question - thoughts? 
https://www.simpsonsskoda.co.uk/used-vehicles/11504372-skoda-octavia-2.0-tsi-v-rs-dsg-s-s-5dr/

 

the price they have offered me is a bit cheaper then the advertised and works out just about in budget. 
 

2018 18 plate, 245 and it has heated and electronic memory front seats with some form of black pack which I think looks nice (black capped electric folding wing mirrors). 
 

I ran a car check on it via vcheck (cost me £9.99 but worth it) and it all checks out except that there is outstanding finance on it in the form of a “stocking policy”, which the dealership claim is normal and will be written off if/when someone buys the car. 
 

I asked for the finance to be cleared first before I agree to buy it,  but they say it can only be paid off once it is sold. 
 

I am concerned if I buy the car they might not necessarily pay the car finance off straight away for whatever reason and then I am at risk of having it repossessed at any point. 
 

below is a photo of the outstanding finance check. 
 

thoughts? 
 

 

Lombard is what most main dealers use to find they're used vehicles so this is absoloutely normal and will have no impact on you as a consumer. 

This is because who would want to fully pay for quarter of million £££'s worth of stock to just have it sitting on the forecourt until someone buys it. Like in any shop, you don't want an excess of stock as this is money that could be in the bank. 

It's a main dealer so don't worry about it I will say. If it's some small independent then maybe but when dealing with a main dealer don't forget that they have to do certain things whether they want to or not as it's dictated by the brand. 

We have had that type of request before and unfortunately we have just had to say no to that and in the meantime of going backwards and forwards someone else always comes in and buys! 

If you like the car and it's what you want just go for it! The level of aftercare you will receive is well worth it as any issues you have you just pop to your nearest Skoda and it's sorted!

 

Hope this helps!

On 31/07/2020 at 22:38, sheriffwoody said:

So I have been in talks with another dealer over a newer VRS - although it is 5 hours from me!!

 

here is the car in question - thoughts? 
https://www.simpsonsskoda.co.uk/used-vehicles/11504372-skoda-octavia-2.0-tsi-v-rs-dsg-s-s-5dr/

 

the price they have offered me is a bit cheaper then the advertised and works out just about in budget. 
 

2018 18 plate, 245 and it has heated and electronic memory front seats with some form of black pack which I think looks nice (black capped electric folding wing mirrors). 
 

I ran a car check on it via vcheck (cost me £9.99 but worth it) and it all checks out except that there is outstanding finance on it in the form of a “stocking policy”, which the dealership claim is normal and will be written off if/when someone buys the car. 
 

I asked for the finance to be cleared first before I agree to buy it,  but they say it can only be paid off once it is sold. 
 

I am concerned if I buy the car they might not necessarily pay the car finance off straight away for whatever reason and then I am at risk of having it repossessed at any point. 
 

below is a photo of the outstanding finance check. 
 

thoughts? 
 

 

I rode past this car the other night! It's the proper launch 245 in the best colour. Get it bought 

Yeah it looks nice in the photos and he assures me the only “damage” is a couple of stone chips on the front bonnet (hard to see) and a small stone chip on one of the headlight casing. 
 

is there any way I can prove their holding finance has been paid off after I buy the car, or any checks I can do?

 

the guy has said he can get his boss to write on a piece of header paper that the finance will be settled after I buy it etc - is that worth anything? 

You sound like the absolute definition of a tyre kicker. Either buy a car or stop wasting people's time.  

19 hours ago, sheriffwoody said:

Yeah it looks nice in the photos and he assures me the only “damage” is a couple of stone chips on the front bonnet (hard to see) and a small stone chip on one of the headlight casing. 
 

is there any way I can prove their holding finance has been paid off after I buy the car, or any checks I can do?

 

the guy has said he can get his boss to write on a piece of header paper that the finance will be settled after I buy it etc - is that worth anything? 

 

If it's as good as it looks in the flesh as it does in the pictures I would just get it bought! -  KieranD in the post above has explained why it is showing as finance outstanding, With them being a main dealer I certainly wouldn't be concerned at all, but by all means get the letterheaded paper signed with any agreement.

Edited 2 August, 20205 yr by coupe69

19 hours ago, sheriffwoody said:

Yeah it looks nice in the photos and he assures me the only “damage” is a couple of stone chips on the front bonnet (hard to see) and a small stone chip on one of the headlight casing. 
 

is there any way I can prove their holding finance has been paid off after I buy the car, or any checks I can do?

 

the guy has said he can get his boss to write on a piece of header paper that the finance will be settled after I buy it etc - is that worth anything? 

 

Have you ever bought a car before? I just don;t understand where you're coming from with such questions?

 

You're buying it off a main franchised dealer, it's not arthur daley, it's not a private sale, it's not a pile 'em high sell 'em cheap supermarket, it's a main franchised dealer. What exactly are your fears - that they're selling you a car that's not theirs to sell?

 

Sounds like you're not understanding what the dealer is saying. The finance will be settled BEFORE you buy it.  You BUY the car when you sign on the dotted line and drive away, not when you place a deposit on it.  Put yourself in the dealer's position - they fork out money on a car and then the person who says he's going to buy it pulls out?  They're only ever going to settle when they have some guarantee the car will be sold.    

Following on from my comment above:

 

On 31/07/2020 at 22:38, sheriffwoody said:

I ran a car check on it via vcheck (cost me £9.99 but worth it) and it all checks out except that there is outstanding finance on it in the form of a “stocking policy”, which the dealership claim is normal and will be written off if/when someone buys the car.

 

You pay a premium buying Approved Used Cars because these sorts of checks have already been carried out by the garage. So if you decide to buy the car you've effectively paid for the same check twice over. Worth it ? No.

 

Play the video embedded in  Skoda Approved used car benefits.