Deposit paid, dealer wants to arrange finance before viewing
Discussion
So have paid a reservation deposit on an approved used Volvo 160 miles away, viewing and test driving the car on Friday and if everything is good will purchase through Volvo PCP to take advantage of 2 years warranty and servicing offer.
Dealer is keen for me to fill in finance docs before as they explained it could take some time to arrange on the day.
Are they stretching the truth on this?
The issue I have with this, if the car is not as described (I hope not) then I have a hard credit search on my file and then as I would continue the search would affect my credit rating for the small personal loan I was going to take out for another car purchase.
Dealer is keen for me to fill in finance docs before as they explained it could take some time to arrange on the day.
Are they stretching the truth on this?
The issue I have with this, if the car is not as described (I hope not) then I have a hard credit search on my file and then as I would continue the search would affect my credit rating for the small personal loan I was going to take out for another car purchase.
The credit check will, indeed leave a mark on your report.
However, fancy arriving at the dealership, loving the vehicle, and then facing a huge wait to know if the finance is approved. I've known acceptances within minutes, and some that take hours. They may be in the boat of not wanting to tie the salesman up for hours, if this time can be done in advance, approval gained, so that if your happy with the vehicle, you can take it there and then.
If not, how about viewing/demo, happy, fill out finance proposal, and then arrange another time to collect the vehicle? Saves the dealership having a salesman tied up, and means you don't need to worry about timings.
However, fancy arriving at the dealership, loving the vehicle, and then facing a huge wait to know if the finance is approved. I've known acceptances within minutes, and some that take hours. They may be in the boat of not wanting to tie the salesman up for hours, if this time can be done in advance, approval gained, so that if your happy with the vehicle, you can take it there and then.
If not, how about viewing/demo, happy, fill out finance proposal, and then arrange another time to collect the vehicle? Saves the dealership having a salesman tied up, and means you don't need to worry about timings.
LouD86 said:
The credit check will, indeed leave a mark on your report.
However, fancy arriving at the dealership, loving the vehicle, and then facing a huge wait to know if the finance is approved. I've known acceptances within minutes, and some that take hours. They may be in the boat of not wanting to tie the salesman up for hours, if this time can be done in advance, approval gained, so that if your happy with the vehicle, you can take it there and then.
If not, how about viewing/demo, happy, fill out finance proposal, and then arrange another time to collect the vehicle? Saves the dealership having a salesman tied up, and means you don't need to worry about timings.
Pretty much this, getting finance acceptance is taking alot longer now in general, sometimes it can be accepted instantly, sometimes a few hours, sometimes it can roll into the next day, the dealership just want as much in place as possible to run as smoothly as possible for both themselves and you.However, fancy arriving at the dealership, loving the vehicle, and then facing a huge wait to know if the finance is approved. I've known acceptances within minutes, and some that take hours. They may be in the boat of not wanting to tie the salesman up for hours, if this time can be done in advance, approval gained, so that if your happy with the vehicle, you can take it there and then.
If not, how about viewing/demo, happy, fill out finance proposal, and then arrange another time to collect the vehicle? Saves the dealership having a salesman tied up, and means you don't need to worry about timings.
They're not stretching the truth about it taking time.
If you want to drive away same day, you really need to have everything lined up. I bought an AUC from another manufacturer with cash and had to transfer the money before I'd even seen the car in the metal.
Key is to ensure you're happy that the car is as described before you get there - get them to do a video or something - everyone has mobile phones with this capability.
Make sure you're clear on what your expectations are to them - I sent an email to the salesman explaining what standard I was expecting - i.e no noticeable scratches on the paintwork, pristine alloys, paperwork all in order, etc, etc.
They happily replied confirming - they don't need the hassle of selling a car to someone and then unselling it or taking it back.
If you want to drive away same day, you really need to have everything lined up. I bought an AUC from another manufacturer with cash and had to transfer the money before I'd even seen the car in the metal.
Key is to ensure you're happy that the car is as described before you get there - get them to do a video or something - everyone has mobile phones with this capability.
Make sure you're clear on what your expectations are to them - I sent an email to the salesman explaining what standard I was expecting - i.e no noticeable scratches on the paintwork, pristine alloys, paperwork all in order, etc, etc.
They happily replied confirming - they don't need the hassle of selling a car to someone and then unselling it or taking it back.
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