Whats your views on pre-approved finance....
Discussion
Don't want a debate on whether finance is good or bad, thats a whole different thread, but interested in peoples views on whether if like a credit card they had finance already in place for a "possible" vehicle would they buy one sooner or wait or what? How would it change your views on buying and how would it make you feel.
I liked it, as for me I felt very in control of the whole purchase and also meant I wasn't looking at cars I wouldn't get credit for or were not good in the market place as the dealer would sell you anything but the finance company have a view to it's future values and kinda steer you in the right direction I feel. I also felt it gave me better bargaining power knowing I could agree on a deal there and then for the agreed price knowing I wasn;'t going to have any issues with funding.
For example I had put in place a credit line for a 430 but decided on buying the Murci even though it was 25k cheaper than the 430, which meant I was well within my credit line which was to a about 120k of finance. I choose finance as I prefer to do other things with my cashflow to do with growing my business, and property etc.
Not wanting to discuss people personal circumstances but how would this suit you do ya reckon, and if so would you do that instead of doing it the way you do just now.
I guess it baffled me once why I didn't get the credit for alot cheaper car and at the time got a bit of a red face when it turned out to be a silly thing on my credit file which was incorrect but the dealer never followed it up for me as he assumed I couldn't afford it at that time, so I had to sort it out, so I maybe never felt very comfortable after that.
I liked it, as for me I felt very in control of the whole purchase and also meant I wasn't looking at cars I wouldn't get credit for or were not good in the market place as the dealer would sell you anything but the finance company have a view to it's future values and kinda steer you in the right direction I feel. I also felt it gave me better bargaining power knowing I could agree on a deal there and then for the agreed price knowing I wasn;'t going to have any issues with funding.
For example I had put in place a credit line for a 430 but decided on buying the Murci even though it was 25k cheaper than the 430, which meant I was well within my credit line which was to a about 120k of finance. I choose finance as I prefer to do other things with my cashflow to do with growing my business, and property etc.
Not wanting to discuss people personal circumstances but how would this suit you do ya reckon, and if so would you do that instead of doing it the way you do just now.
I guess it baffled me once why I didn't get the credit for alot cheaper car and at the time got a bit of a red face when it turned out to be a silly thing on my credit file which was incorrect but the dealer never followed it up for me as he assumed I couldn't afford it at that time, so I had to sort it out, so I maybe never felt very comfortable after that.
Los Angeles said:
CUE99T said:
Is it against forum rules?
It's squandering bandwidth and irritatingly repetitive. You could have put it in General Gassing and covered the same constituency and more. I understand where your coming from however TBH it's hardly using much bandwidth is it since there is only text and no pics.
I am interested in opinions from various users as I thought that people tend to stay in their groups, as we are all human
Do you think I really enjoyed placing all the threads!!!!!
I'm afraid multiple posting is against the rules.
I've moved the best thread with constructive postings over to general gassing where you should get a wider response:
www.pistonheads.com/gassing/topic.asp?t=352050&f=23&h=0
I've moved the best thread with constructive postings over to general gassing where you should get a wider response:
www.pistonheads.com/gassing/topic.asp?t=352050&f=23&h=0
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