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any one in dealer car sales can answer this for me?

soooty

soooty

New member
Location
Telford
Does anyone know why car dealers are obsessed with you paying a deposit of some sort when you buy a car on pcp? Is there some gain to them if i pay say 20k all on pcp vs 18k on pcp and 2k cash deposit? Are they remunerated better somehow if they get a deposit of some sort? Its always an annoyance.

they might say 'its to keep your monthly payments smaller' but thats bs as they don't pay my monthly payments.. i do.

Ta for any insight.
 
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soooty

soooty

New member
Location
Telford
well i can part answer my own question now at least. Having got offers from traders over the weekend I've learnt -simply tell the trader that your settlement figure is 2k more than it really is. Never give them the real settlement figure as they will ALWAYS offer you a couple grand less.
 
The Fed

The Fed

Old Guys Rule
Location
Florida
Pcp?

They want a deposit to show you're a serious buyer AND to screw you. My opinion is, only suckers leave deposits.
 
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S

SweetJones_29

Ready to race!
Location
Dallas
I see both of you are writing in English but have no idea WTF you are talking about. Where in the world is Wurld? North of Westeros?
 
T

TheWombat

Go Kart Champion
Location
Vermont
According to this link, PCP is sort of a form of...leasing? The site is from the UK, and it appears PCP is Personal Contract Purchase, and it is, well, read it. It's kinda weird.
 
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