Vauxhall 0% Finance scheme - too good to be true??

manisinghb

manisinghb

manisinghb

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So I'm thinking of buying a new car, need to get rid of my car (Vectra) and my mum's car. I've come across the Vauxhall scheme of 0% finance where you basically pay monthly installments over 24-60 months and its all INTEREST FREE! It's up to you how much deposit you put down, you don't even have to put a deposit down but obviously the more deposit you put down the less total sum you spread over when paying back instalments. They will also take in your old car for part exchange!

Only thing is though, is this too good to be true? Speaking as a guy who hasn't got the best savings in the world but can afford to put away £300-£400 a month towards car payments, I can't figure what's in it for Vauxhall because there usually is something right?

I'm looking at the Vauxhall Astra 1.3 CDTi Exclusiv, for £18,700. IF I want a space saver wheel and alarm system it's an extra £335 (money making ****'s!). What are your lots thoughts on this...?
 
You cant see whats in it for Vauxhall?

How about the fact that in return for offering you 'interest free credit' they get almost £19,000 for a 1.3 litre bottom of the range Astra?!

Thats the catch - you get interest free credit on a massively overpriced car you'll get no discount on.

And with the greatest amount of respect if you've not got the best savings in the world is a brand new depreciation disaster Astra really the best thing to be blowing £19,000 on?

You'll be able to buy the same car at 12 months old for about HALF the price!

Here is the same car, brand new, from a Broker (Who set you up with a main dealer):

http://www.broadspeed.com/new_cars/Vauxhall/Astra/27443/1_3CDTi_16v_95PS_ecoFLEX_Exclusiv_5_door

£4600 cheaper.

So consider that £4600 the 'interest' on that finance deal.

Niiiiice.
 
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If the dealer isn't not making money on kickback from the finance, there will no doubt be less room for manoeuvre in agreeing a good trade-in price for your existing car and I doubt they'll move much on the price of what you're buying.

There's also the pretty large snag that you end up paying nearly £20k for a Vauxhall...
 
jesus their pricey,


insignia 2l diesel in sri nav trim £28k before i tick a single option :( a few options and i'm north of 30k i can get a 320d sport for £29k when you consider what you see these cars for sale at new on a forecourt its a very poor VFM offer. and depreciation on vauxhalls tends to be horrendous. that £30k insignia is going to be worth half that in 2 years time your £18k astra well lets just say after 3 years you'll be lucky to get a third of that as a trade in
 
If you can afford to put £400 a month away towards 'car payments' then after 6 months you've got savings of 2 grand and can buy a car outright having to put nothing towards further car payments. Pick the right car and you wont be forever fixing it either.
 
Almost all Vauxhalls suffer from massive first year depreciation. That makes brand new a waste of money and nearly new a real bargain.
 
About half of the year 1 depreciation is made up of the lost funny money that's added to the RRP to subsidise the 0% finance deals and so on. If they actually sold the cars for what they were worth they'd not look like half the depreciation disasters that they are.
 
Wouldn't 300 a month work out at about 10k over 3 years or so? Why not take a loan?

Insignia diesel can be had for 10k and they are quite decent cars.
 
1,3 astra & Finance = LOLs

about £19k worth of LOLS

I bet your the kind of guy who says "extended warranty how can I lose"

don't forget to get £400 worth of supaguard ;)
 
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MrMoonX said:
1,3 astra & Finance = LOLs

about £19k worth of LOLS

I bet your the kind of guy who says "extended warranty how can I lose"

don't forget to get £400 worth of supaguard ;)
Click to expand...

Hold off, this sort of reply is for if he argues its a good deal, at the moment he's just taken the sensible step of asking about something :p
 
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