Deposit's

day tripper · 06-04-2003, 16:50

May I ask those of you who have purchased their Skoda on finance, how much deposit have you placed?

steve · 06-04-2003, 17:27

One tissue full

.

Sorry..................i PX'ed my mondeo-i think i got £1400 for it.{book price was £1000}.

MonkeyHanger · 06-04-2003, 18:40

Don't buy on finance, get a bank loan. The car is then yours to do with as you wish. Much less hassle when it comes to selling too, assuming you havent paid it all off

.

***DGW*** · 06-04-2003, 20:30

£750 deposit and the balance of £12000 of Skoda Finance. All arranged and approved within 30 minutes on a Saturday afternoon.

MarkD · 07-04-2003, 15:01

£3200 part exchange, £11900 on Skoda finance (was considerably cheaper than any private loan when comparing actual real world monthly payments, did my homeworkand went armed with the info, honest guv!), arranged in, as previous poster mentioned, 30 minutes.
As for not owning it until final payment, true, but then I intend to keep it for a 'long while', thus not an issue. But having a finance company (such as VAG finace) as a middle man can possibly be advantageous in some circumstances (a recent thread already discussed this point I believe). Just to illustrate the point, a few years back I bought a TV from Tempo (quality retailer!) on finance (0% for 12 months) with a 3-year extended warranty thrown in for free (don't worry, would never actually pay for one!). Tempo then proceeded to go bankrupt. All warranty holders who bought on finance had their warranties taken over and honoured (as is currently the case) by Currys/Dixons. Anyone who paid cash/cheque lost any warranty they had, end of story, even if it was only purchased the previous week. Simply put, the finance company, having loaned the money out of which the equipment and warranties were paid, had a vested interest (as VAG finance have in a financed car) in the value of these items and arranged a deal with a third party (Comet/Dixons) to take over and honour those warranties. I now still have a fully honoured warranty, supposedly 'canny' cash buyers do not. Just an example looking at it from another point of view.

Regards
Mark D

Huck · 07-04-2003, 15:09

i agree with mark that it's not always as black and white as it seems initially.

if you can get a good rate and are looking to keep the car till the finance is paid off, for *most* people this is a perfectly reasonable and hassle free ( often ) way of doing things.

the ' you don't own the car' argument, which i myself have often espoused doesn't seem to make much practicable difference in the real world.

horses for courses, you pays yer money etc. etc. etc.!

06-04-2003, 16:50	#1
day tripper Briskodian Join Date: Mar 2003 Location: Manchester Posts: 2,717 Members Car: Suzuki Ignis Sport Thanks: 0 Thanked 0 Times in 0 Posts	Deposits May I ask those of you who have purchased their Skoda on finance, how much deposit have you placed?

06-04-2003, 20:30	#4
*DGW* BRISKODA Staff Join Date: Oct 2002 Location: Cambridgeshire Posts: 17,294 Members Car: Octavia 1.8T 4X4 Estate & Fabia vRS Thanks: 51 Thanked 207 Times in 156 Posts	£750 deposit and the balance of £12000 of Skoda Finance. All arranged and approved within 30 minutes on a Saturday afternoon. __________________ Denis 2002 Octavia 1.8T 4X4 turbo Estate - rebreathed on by Jabba ... 31.93mpg 2007 Fabia vRS - CC, ESP and full leather trim by Seat Surgeons ...48.57 mpg...

07-04-2003, 15:09	#6
Huck Briskodian Join Date: Oct 2002 Location: NW England Posts: 2,276 Members Car: Thanks: 0 Thanked 0 Times in 0 Posts	i agree with mark that it's not always as black and white as it seems initially. if you can get a good rate and are looking to keep the car till the finance is paid off, for most people this is a perfectly reasonable and hassle free ( often ) way of doing things. the ' you don't own the car' argument, which i myself have often espoused doesn't seem to make much practicable difference in the real world. horses for courses, you pays yer money etc. etc. etc.! __________________ Huck B.

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06-04-2003, 17:27	#2
steve Briskodian Join Date: Dec 2002 Location: London Posts: 1,020 Members Car: Thanks: 0 Thanked 0 Times in 0 Posts	One tissue full . Sorry..................i PX'ed my mondeo-i think i got £1400 for it.{book price was £1000}.

06-04-2003, 18:40	#3
MonkeyHanger Briskodian Join Date: Mar 2003 Location: Anywhere but here Posts: 8,779 Members Car: Thanks: 0 Thanked 0 Times in 0 Posts	Don't buy on finance, get a bank loan. The car is then yours to do with as you wish. Much less hassle when it comes to selling too, assuming you havent paid it all off .

07-04-2003, 15:01	#5
MarkD Briskodian Join Date: Jan 2003 Posts: 22 Members Car: Thanks: 0 Thanked 0 Times in 0 Posts	£3200 part exchange, £11900 on Skoda finance (was considerably cheaper than any private loan when comparing actual real world monthly payments, did my homeworkand went armed with the info, honest guv!), arranged in, as previous poster mentioned, 30 minutes. As for not owning it until final payment, true, but then I intend to keep it for a 'long while', thus not an issue. But having a finance company (such as VAG finace) as a middle man can possibly be advantageous in some circumstances (a recent thread already discussed this point I believe). Just to illustrate the point, a few years back I bought a TV from Tempo (quality retailer!) on finance (0% for 12 months) with a 3-year extended warranty thrown in for free (don't worry, would never actually pay for one!). Tempo then proceeded to go bankrupt. All warranty holders who bought on finance had their warranties taken over and honoured (as is currently the case) by Currys/Dixons. Anyone who paid cash/cheque lost any warranty they had, end of story, even if it was only purchased the previous week. Simply put, the finance company, having loaned the money out of which the equipment and warranties were paid, had a vested interest (as VAG finance have in a financed car) in the value of these items and arranged a deal with a third party (Comet/Dixons) to take over and honour those warranties. I now still have a fully honoured warranty, supposedly 'canny' cash buyers do not. Just an example looking at it from another point of view. Regards Mark D