How much profit is on new cars?

[startinghandle]

There is advert in this week's county times where Vauxhall are offering
£4000 scrappage scheme ,probably there is catch somewhere

 

[Lincs Lass]

Wonder if the offer stands if you go in with a 15-20 yr old heap that's only worth £100 for scrap

 

[David.]

Catch will be £3500 less discount on new model..

 

[goodevans]

Desperate times I would say ,there can't be that much profit as all the factories seem to be closing

 

[f0ster]

the offer will be genuine as long as the vehicle traded in is road legal

 

[H200GT]

Do the cash deal to get best price, then tell them about your trade in!!!

One has to wonder how long VX will be about given its now owned by the PSA group

 

[ColinV6]

Had my local BMW dealership on the phone the other day, know them quite well and they called to see if they could interest me in changing my wife’s 1 series for something else...

Admitted they were behind on New sales for the month... sign of the times maybe..

 

[Still Farming]

They can offer what they want for part ex ,finance etc etc.
It's the figure you got to find whatever.

 

[Farma Parma]

Just buy any new car once its a few months old the biggest saving is the VAT is no longer charged on it.
let someone else loose the VAT bugger it.

 

[Lincs Lass]

Once you would see new reg vehicles as soon as they came out ,,I havent seen many this year ,,Ive a customer who is an HGV deliverer for VW Audi ,,hes been on 3 day weeks for ages due to the lack of sales .
Then Ford engines closing down ,,whos next

 

[Farma Parma]

Cars on a whole lasting longer? there more complicated but generally not breaking down as much as they used too.
i buy vehicles once every 10-15years & i wont be changing that policy anytime soon

 

[carpenter1]

Cars on a whole lasting longer? there more complicated but generally not breaking down as much as they used too.
i buy vehicles once every 10-15years & i wont be changing that policy anytime soon

We were saying the other day, we use to change vehicles sooner, but now do not bother as touch wood been fine reliability wise. The newest car is 12 years old

 

[deleted user 837354]

The whole new car trade has been built on flogging finance to people. It was an idiot move and the government should have stopped it.

You would not pay me £4000 to buy a Vauxhall, much less a new one.

 

[Farma Parma]

We were saying the other day, we use to change vehicles sooner, but now do not bother as touch wood been fine reliability wise. The newest car is 12 years old

My late fathers 2004 Vitara which i still use is 15yr old in sept. it owes me nothing so still run it.
low mileage nearly at 82,000 only real gripe is the poxy £290 roadtax coz of emissions rubbish.
Yet i have a modern 5yr old Diesel Car with DPF on the lot & nearly twice the hp of the vitara but its only £20 roadtax ? where is the logic in that

 

[Farma Parma]

The whole new car trade has been built on flogging finance to people. It was an idiot move and the government should have stopped it.

You would not pay me £4000 to buy a Vauxhall, much less a new one.

Fools living beyond there means you mean !! all of mine long since paid for, i think the vitara was on hp for 3years it was 18months old when dad got it & was nearly half its equ model was new.
and my 5yr old car bought at 9months old i saved up n paid for that in full.
Yes i buy Farm machinery on finance sometimes but its mine at the end of it.

 

[Lewis821]

New vauxhall has to be on PCP with restricted mileage i believe so yes there are catches

 

[D14]

Once you would see new reg vehicles as soon as they came out ,,I havent seen many this year ,,Ive a customer who is an HGV deliverer for VW Audi ,,hes been on 3 day weeks for ages due to the lack of sales .
Then Ford engines closing down ,,whos next

JLR. 3.6 billion loss and a share price that’s presently about 70% less than its high point about 5 years ago. It’s widely accepted it’s for sale for the right price but who would buy it. They’ve created cars people don’t want, backed up by a pcp program that could explode at any time and to top that off they’ve lost the Chinese market and the USA looks set to follow.

 

[Lincsman]

Profit is around 30% if my 28% discount for a pre reg is anything to go by... (salesman claimed he wasn't allowed to sell at a loss, so no towbar, no finance.. nothing... even if I am a Farmer!)

 

[ColinV6]

The whole new car trade has been built on flogging finance to people. It was an idiot move and the government should have stopped it.

You would not pay me £4000 to buy a Vauxhall, much less a new one.

We have got 2 cars on PCP, and for the first time I can see us actually keeping them when the balloon is due. On the above conversation with the dealer who was desperate for sales, to change wife’s 116d for a 118d would work out at £220 a month EXTRA!!! I almost laughed so hard I nearly hung up. Then he admitted on their own Land Rover, the replacement was so expensive they just refinanced the balloon and kept it.

Seems the days of the good deals are over.

 

[deleted user 837354]

There is no way I would be handing snyone hundreds of pounds a month for new car smell. You can go straight to your bank, get a loan and buy a second hand car for far less money per month.

Id rather drive around in a banger than pay a finance company hundreds of pounds a month.