Very cheap cars/finance in America.
Discussion
I'm on holiday in America and the tv is full of car ads,Winter event as they call it.
A few examples.
New base model Camaro $25000
New Dodge Caravan 0% for 6 years,that's cheap.
Most manufacturers are offering 0%,be they American,Japanese or Korean.The Germans have opted for a service plan deal or ridiculousley long warrentey.
Why is it in the UK and Europe we get crap deals in comparison?
A few examples.
New base model Camaro $25000
New Dodge Caravan 0% for 6 years,that's cheap.
Most manufacturers are offering 0%,be they American,Japanese or Korean.The Germans have opted for a service plan deal or ridiculousley long warrentey.
Why is it in the UK and Europe we get crap deals in comparison?
it's still pretty hard to get financing in the US, and they ain't shifting that many cars, look at the ads, they want you to do all the credit checks etc before you get to the dealership (pre-qualified buyers), they ain't going to search around to find credit for you.
Talking to a German colleague the other day, he was saying that there are some huge discounts to be had over there at the moment 25%+ on some vehicles, but you still have to pay purchase tax at the full list price.
Talking to a German colleague the other day, he was saying that there are some huge discounts to be had over there at the moment 25%+ on some vehicles, but you still have to pay purchase tax at the full list price.
mercfunder said:
it's still pretty hard to get financing in the US, and they ain't shifting that many cars, look at the ads, they want you to do all the credit checks etc before you get to the dealership (pre-qualified buyers), they ain't going to search around to find credit for you.
This is nonesense, by the way.Matt Harper said:
mercfunder said:
it's still pretty hard to get financing in the US, and they ain't shifting that many cars, look at the ads, they want you to do all the credit checks etc before you get to the dealership (pre-qualified buyers), they ain't going to search around to find credit for you.
This is nonesense, by the way.mercfunder said:
it's still pretty hard to get financing in the US, and they ain't shifting that many cars, look at the ads, they want you to do all the credit checks etc before you get to the dealership (pre-qualified buyers), they ain't going to search around to find credit for you.
.
If you are refering to the small type that says "for qualified buyers only".
It means that their offer of certain rates only apply to people with a decent credit rating. I'm not not sure what that is but I would guess 700+.
As far as pre qualification is concerned, I can't imagine any dealership not checking your qualification themselves. However if you are going to buy a car on credit in the States you would be crazy not to speak to your bank first as they can probably give you a better deal.
I bought a car last year, I din't finance it but they still ran a credit check on me as I saw the "blip" on my credit report.
Probably thought I was a bum off the street coming in to get warm. Yep, I don't always dress well.
They did offer credit. Which I declined. The impression I got was that they would move heaven and earth to make a sale.
Short of co signing the loan
mercfunder said:
it's still pretty hard to get financing in the US, and they ain't shifting that many cars, look at the ads, they want you to do all the credit checks etc before you get to the dealership (pre-qualified buyers), they ain't going to search around to find credit for you.
Having once worked for a Honda and Volvo dealer here in the States, I can assure you a dealer will do EVERYTHING humanly possible to put punters into cars. That's how they make their money. If they don't move the metal, they don't get paid.Viper said:
jeff m said:
MX7 said:
What taxes do they add to the advertised price?
Sales tax, registrationapprox 7% + $200 Depending on the State.
However when I reg in NJ they catch me for it, as I suspect the UK will.
they certainly will over here, UK tax on US imports jumps to 30% of the US $ value (when VAT increases in Jan....)
one of our buddies in the Viper forum got his brand new ACR a couple of weeks ago just in time, else i think he would of have to coughed up an extra £2500 in import taxes if it landed after Jan 1st
I chatted to a Dodge delearship in FL a few years ago about exporting to the UK, if send a container to the delearship and the car gets loaded on site there is no sales tax, however if you collect the car from the delearship and drive it to the docks you are liable for US sales tax
one of our buddies in the Viper forum got his brand new ACR a couple of weeks ago just in time, else i think he would of have to coughed up an extra £2500 in import taxes if it landed after Jan 1st
I chatted to a Dodge delearship in FL a few years ago about exporting to the UK, if send a container to the delearship and the car gets loaded on site there is no sales tax, however if you collect the car from the delearship and drive it to the docks you are liable for US sales tax
Edited by Viper on Monday 20th December 17:31
A couple of years ago I saw astonishing prices on BMWs while in Florida - X3's for $21K to buy and 3 Series for $299/mth on personal lease. And bear in mind that their entry level 3 Series is badged 328i with the 3.0L engine.
It's my impression that a big difference in the US is that the dealers hold tons of inventory - ie, look at the 3 Series, there's no diesels sold there and BMW won't sell 4cyl petrol's in the US so there's a much more limited range, therefore easier to stock. So the dealers have the cars piled high and they've got to sell them
Compare that to the UK and most dealers act if they're doing you a favour by getting hold of a car for you.
It's my impression that a big difference in the US is that the dealers hold tons of inventory - ie, look at the 3 Series, there's no diesels sold there and BMW won't sell 4cyl petrol's in the US so there's a much more limited range, therefore easier to stock. So the dealers have the cars piled high and they've got to sell them
Compare that to the UK and most dealers act if they're doing you a favour by getting hold of a car for you.
mercfunder said:
Matt Harper said:
mercfunder said:
it's still pretty hard to get financing in the US, and they ain't shifting that many cars, look at the ads, they want you to do all the credit checks etc before you get to the dealership (pre-qualified buyers), they ain't going to search around to find credit for you.
This is nonesense, by the way.Gassing Station | General Gassing [Archive] | Top of Page | What's New | My Stuff