Seat Ibiza 0% finance trick

[Oracle9I]

I was looking at buying one of those Sport Riders 1.9 TDI, but I have decided to buy a FR 130 TDI.

Now they are advertised at £13,300 otr. but Seat are doing 0% finaance with 30 % deposit.

I have tried to haggle 800 quid off the price to 12,500 with the 0% finance deal. I have tried this twice from 2 different sales men at the same dealer.

One replied that the finace was from Seat direct and the rules said it was on the full price.
But the other one said that they could not do it due to the dealer ship was actually paying the hidden 6.9 % APR so it was already eating into their profit.


Has any one else had these excuses and has any one been able to haggle a good deal with the 0% finance.

I would have thought Seat would have wanted to get rid of the old model ready for the new. Plus know one is buying cars at the moment due to the Governement caused credit crunch.

If i cant get the deal I will have to buy a Fiesta ST. dealers are dropping 2.5 k off otr price. but would reather have Ibiza.

Oracle9I.

 

[MarkE]

Get a more competitive quote than 6.9% from another finance company, then haggle the price of the car with the dealer?

 

[lil3520]

paid £10,995 for my 1.9 TDI SPORT. 0% INTEREST.

got a good part exchange on my old car. full tank of fuel. seat fleece. wife got a bouquet of flowers !!!!!!!!!!!

 

[Deleted member 13581]

Have you tried another dearler.

Irfan from seatcarsdirect.co.uk. Irfan from there is a member on here and he may be able to sort you out with a good deal.

Link >>> http://seatcupra.net/forums/forumdisplay.php?f=222

 

[Oracle9I]

Ok the car was 11k. so you got 5 quid off , and about 50 quid of derv, plus some seat covers.

Dont you feel they are taking the mick in this current climate.

Didnt you try to haggle any more pounds off, or did they offer this deal to you with out you haggling ?

Dealers usually make between 20 to 30 % profit on a car . Usually you can haggle them down to their 10 % percent profit margin.

got 2k off the wifes Gold 130 tdi 4 years ago from 18,500 to 16,500

Oracle9I.

 

[Deleted member 13581]

I got my 06 pre-facelift Ibiza Sport 1.9TDi PD100 brand new for £9500 with years road tax, full tank of fuel and mats all thrown in.

But then again, im a moaning sod.

 

[bobmcgod]

I wouldn't bother with a fiesta st... HAVE YOU SEEN THE NEW ONE?

 

[Poverty]

I wouldn't bother with a fiesta st... HAVE YOU SEEN THE NEW ONE?

Could say the same for the MK4 though.

I dont think SEAT are having trouble shifting the current ibizas though. Seeing loads of new 1s

 

[Brummy]

I was in the dealers on monday, ordering my new one and the place was filled to the rafters

 

[lil3520]

Ok the car was 11k. so you got 5 quid off , and about 50 quid of derv, plus some seat covers.

Dont you feel they are taking the mick in this current climate.

Didnt you try to haggle any more pounds off, or did they offer this deal to you with out you haggling ?

Dealers usually make between 20 to 30 % profit on a car . Usually you can haggle them down to their 10 % percent profit margin.

got 2k off the wifes Gold 130 tdi 4 years ago from 18,500 to 16,500

Oracle9I.

haggled between 2 dealers, wouldn't drop price of car because 0%. haggled between dealers re trade in price of my old car. got a good price for my old motor.

 

[lil3520]

I was in the dealers on monday, ordering my new one and the place was filled to the rafters

what have you bought ?

 

[Brummy]

Another mk4 'biza , in red again this time (will be my 2nd red one )

 

[lil3520]

Another mk4 'biza , in red again this time (will be my 2nd red one )

what model, cc, etc.

 

[Skisbp]

Salesmen love a semi-logical reason to hold margin!!! You'd be surprised how many people never think 2wice & pay full-pop! Sorry sods... From what I've seen you need to talk to Irfan over at SeatCarsDirect.co.uk {wonder if he does other VAG cars as well?}. From what I'm aware front end mark-up is usually right around 10%(9-13%) back-end profit depends on quite a few factors. How much dealer incentive is being given, how many points the dealer can add to the real rate he secures from the bank, how many cars he's sold in a particular month/quarter/year so on... So yes the 0% finance would take away 1 of the avenues of revenue to a dealer. Yet don't forget the buyer would need to meet all the criteria for such! They should never know your intention of method of payment until the deal is done!!! Enjoy your new Ibiza!

 

[the cat]

Got 300 quid off my Ibiza FR, plus free metallic paint, chrome surrounds (interior ones), they swapped my 6cd from my leon over for free and gave me a first year's free service voucher.

That was with the 0% deal as well. Thought that represented a good saving.

 

[Ric 2001]

This is where I got my Cupra from in 2005. They knock around £1000 off and still included the 0% finance.

http://www.thedealnegotiator.co.uk/specialsseat.htm

 

[lil3520]

might not have got a great deal, but i still love my motor. !!!!!!!!!

 

[Brummy]

might not have got a great deal, but i still love my motor. !!!!!!!!!

And thats what its all about, Fella



Oh, and.... http://www.seatcupra.net/forums/showthread.php?t=171134

 

[Oracle9I]

Ok. So if any one is interested I have managed to find a Dealer that would confirm the whole 0% thing.

It seems that for each car the dealer sell with the 0% finance the dealer has to pay £400.00 to seat finance so eating into the profit of the car.
So taking that and the cost of the FR £13,360 it should be possible to get the dealer down to about £12,500 in theory. this is about 10% off incl the 0% finace cost. 10% is the extra profit the dealer makes on a car on top of the normal profit they need to make.

By the way, no one is buying cars at the moment. Good old Gordon Brown has sorted that out. Dealers will be starting to feel this either now or very soon.

People are more concerned with their mortgage payments.

Oracle9I.

 

[Cupra Kid]

whats the monthly repayment like?

interested in one of these as an every dayer, not really a finance guy but 0% is free money