I'm a big believer of not getting anything for nothing, and certainly not trusting car dealerships! So when my mother told me about a call they've just received from the Honda dealership it has me very suspicious!
Basically my parents buy a new Honda every 2/3 years and they pay it off monthly rather then buying it outright. Their current one is just over a year old. The dealership have called to offer them a brand new car, exactly the same spec/colour as their current one for £50 less a month and there will be no increase in the number of the payments. So that's swapping a one year old car for a new one and asking for less money then they currently owe. The only proviso is they must take up the offer by the end of the month.
What's the catch? Has anyone heard of such a thing before? What do they get out of this?!?
The only thing I can think of it's related to the end of the tax year and they have to meet a quota for car sales or something along those lines...
Basically my parents buy a new Honda every 2/3 years and they pay it off monthly rather then buying it outright. Their current one is just over a year old. The dealership have called to offer them a brand new car, exactly the same spec/colour as their current one for £50 less a month and there will be no increase in the number of the payments. So that's swapping a one year old car for a new one and asking for less money then they currently owe. The only proviso is they must take up the offer by the end of the month.
What's the catch? Has anyone heard of such a thing before? What do they get out of this?!?
The only thing I can think of it's related to the end of the tax year and they have to meet a quota for car sales or something along those lines...