Help & FAQs    Search BCF    Members    Groups    Events Calendar
Resend my activation email : Register : Log in 
BCF: Bike Chat Forums


lower offer if paid by finance?

 Reply to topic
Bike Chat Forums Index -> General Bike Chat
View previous topic : View next topic  
Author Message

mic
Brolly Dolly



Joined: 09 Sep 2010
Karma :
PostPosted: 18:25 - 04 Aug 2013    Post subject: lower offer if paid by finance? Reply with quote
seen a bike i like for £3000.... with finance, could i offer less or would they not move on price?!

thanks
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

.....
Quote Me Happy



Joined: 15 Jan 2005
Karma :
PostPosted: 18:26 - 04 Aug 2013    Post subject: Reply with quote
Try it and find out? Confused
 Back to top
View user's profile Send private message You must be logged in to rate posts

mic
Brolly Dolly



Joined: 09 Sep 2010
Karma :
PostPosted: 18:30 - 04 Aug 2013    Post subject: Reply with quote
Well I could but I've never haggled with finance so wondered if people usually do
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Wafer_Thin_Ham
Super Spammer



Joined: 18 Nov 2005
Karma :
PostPosted: 18:31 - 04 Aug 2013    Post subject: Reply with quote
Err, haggle with cash first......you're buying a motorcycle, not a can of beans.
____________________
My Flickr
 Back to top
View user's profile Send private message You must be logged in to rate posts

ScaredyCat
World Chat Champion



Joined: 19 May 2012
Karma :
PostPosted: 18:38 - 04 Aug 2013    Post subject: Re: lower offer if paid by finance? Reply with quote
mic wrote:
seen a bike i like for £3000.... with finance, could i offer less or would they not move on price?!

thanks


If you're doing finance, why not get a personal loan - then you are walking in with cash..
____________________
Honda CBF125 ➝ NC700X
Honda CBF125 ↳ Speed Triple
 Back to top
View user's profile Send private message You must be logged in to rate posts

bigtin
Derestricted Danger



Joined: 04 Aug 2013
Karma :
PostPosted: 18:42 - 04 Aug 2013    Post subject: Reply with quote
If they're willing to haggle more for finance then it's only going to be up to the commission they get from it, which is obviously less than what the finance costs you or the lender wouldn't make a profit.

You're better off paying cash if you have it.
 Back to top
View user's profile Send private message You must be logged in to rate posts

-Matt-
World Chat Champion



Joined: 28 Apr 2013
Karma :
PostPosted: 18:43 - 04 Aug 2013    Post subject: Reply with quote
ScaredyCat wrote:
If you're doing finance, why not get a personal loan - then you are walking in with cash..


Thumbs Up
 Back to top
View user's profile Send private message You must be logged in to rate posts

G
The Voice of Reason



Joined: 02 Feb 2002
Karma :
PostPosted: 19:22 - 04 Aug 2013    Post subject: Reply with quote
Wafer_Thin_Ham wrote:
Err, haggle with cash first......you're buying a motorcycle, not a can of beans.

I'm a bit broke at the moment, but even I didn't consider resorting to 'finance' to purchase my last can of Asda's finest basics.

Anyway; they get paid money for finance, sometimes it can be very good money.
Often they will have a cash handling fee similar to a card fee from their bank. So walking in with cash is mostly good for the psychological value of "I've gone to the effort of getting a big wad of notes and bringing them in here - you don't want me to walk out with them again."
 Back to top
View user's profile Send private message You must be logged in to rate posts

sabian92
World Chat Champion



Joined: 21 Oct 2012
Karma :
PostPosted: 19:45 - 04 Aug 2013    Post subject: Re: lower offer if paid by finance? Reply with quote
mic wrote:
seen a bike i like for £3000.... with finance, could i offer less or would they not move on price?!

thanks


You can haggle on finance but you have to be a hard-faced bastard to do it - you don't have the psychological effect of "I have cold, hard cash here, if you want it, you better meet my demands".

That being said, my fiancee's parents have just taken delivery of a 2011 Kia Soul(less). 7k miles, all the mod cons, was supposed to be £170 a month + 11% interest over 5 years. Took my mother-in-law's brother who's a cunt but gets what he wants out of salespeople and they got it down to £111 a month.

Can be done, but you need to be a bit more resilient about it. Either way if you know the salesman is trying to take you for a mug, haggle. If he knows he can sell a bike at price point X when you offer him X minus 10%, he'll tell you to piss off especially if it's new or in demand.
 Back to top
View user's profile Send private message You must be logged in to rate posts

Dave70
World Chat Champion



Joined: 21 Jan 2012
Karma :
PostPosted: 20:07 - 04 Aug 2013    Post subject: Reply with quote
My dealer knocked £400 off my bike on finance (0%) without me having to ask. Also got a few freebies thrown in and a discount on new boots and lid. Very Happy
 Back to top
View user's profile Send private message You must be logged in to rate posts

G
The Voice of Reason



Joined: 02 Feb 2002
Karma :
PostPosted: 21:00 - 04 Aug 2013    Post subject: Re: lower offer if paid by finance? Reply with quote
sabian92 wrote:

You can haggle on finance but you have to be a hard-faced bastard to do it - you don't have the psychological effect of "I have cold, hard cash here, if you want it, you better meet my demands".

Quite the opposite, I'd say, as above - you can even point out that they're going to be getting a kick-back from it, so they can give you a bit more margin.

A lot less likely to get it on 0% finance, but that'll depend how much stock they have to shift - at the start of an offer, unlikely; towards the end of the offer/season and you've got a lot more chance!
 Back to top
View user's profile Send private message You must be logged in to rate posts

ScaredyCat
World Chat Champion



Joined: 19 May 2012
Karma :
PostPosted: 21:12 - 04 Aug 2013    Post subject: Re: lower offer if paid by finance? Reply with quote
sabian92 wrote:

You can haggle on finance but you have to be a hard-faced bastard to do it - you don't have the psychological effect of "I have cold, hard cash here, if you want it, you better meet my demands"


I disagree. It's easy to haggle even with finance, you just have to be prepared to walk away.

I recently got 2 quotes for two bikes at separate dealers. At the second dealer I just added on a list of extras I said he'd have to add to prevent me going with the other dealer*.

Timing is everything. Next month is new registration month and I'm buying the month before. The dealers have probably got queues of people ready to buy next month but hardly any now so they're willing to give a little bit more up to get the sale.


*I appreciate I'm talking about a new bike here which is slightly different from a 2nd user one.
____________________
Honda CBF125 ➝ NC700X
Honda CBF125 ↳ Speed Triple
 Back to top
View user's profile Send private message You must be logged in to rate posts

Rogerborg
nimbA



Joined: 26 Oct 2010
Karma :
PostPosted: 21:22 - 04 Aug 2013    Post subject: Reply with quote
My recent vehicle purchases imply that dealers don't give a stuff one way or the other.
____________________
Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike
 Back to top
View user's profile Send private message You must be logged in to rate posts

gavbriggs
Crazy Courier



Joined: 11 Jun 2013
Karma :
PostPosted: 21:30 - 04 Aug 2013    Post subject: Reply with quote
So just walk in and get the price down, agree a price with the sales rep. Then when you have shaken hands you can ask about the finance package, they will still get the same % of commission plus any markup still left in the bike so there's no difference between cash and finance really.

If he says he can't do finance at that price ask why not and get him to get the manager out. Ask the manager to give a valid reason why the finance company's cash isn't as good as yours and what difference it makes!

If they don't budge just write your number down and ask them to ring you when they have changed their mind. Ask them how long the bike has been there. If its a while just play on that!

Just be cheeky. The last horse I bought was originally up at £4.5k but reduced to £4k as they know the mrs, I got it for £3.6k, I simply told them I didn't want to pay that much and offered £3.2k they drove me up to £3.6k. Offer low and build up. You can always go higher but not lower once you have made your opening bid!

Good luck
 Back to top
View user's profile Send private message You must be logged in to rate posts
Old Thread Alert!

The last post was made 13 years, 85 days ago. Instead of replying here, would creating a new thread be more useful?
  Display posts from previous:   
This page may contain affiliate links, which means we may earn a small commission if a visitor clicks through and makes a purchase. By clicking on an affiliate link, you accept that third-party cookies will be set.

Post new topic   Reply to topic    Bike Chat Forums Index -> General Bike Chat All times are GMT + 1 Hour
Page 1 of 1

 
 You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

Read the Terms of Use! - Powered by phpBB © phpBB Group
 
Debug Mode: ON - Server: birks (www) - Page Generation Time: 0.07 Sec - Server Load: 0.29 - MySQL Queries: 14 - Page Size: 81.3 Kb