Overhaulin'

does the new 15% VAT mean brand new car prices will go down?

Public Comments

1. yep, by a couple of hundred quid
2. Unlikley, The company will just take the extra 2% and keep it for themselves, car prices will go up of anything. Dont let Brown and croonies lul you into a full sence of security with their spoof economic crisis plans. What everybody needs is an income tax cut. People have more disposible income> Spend more> Economic BOOM.
3. Unlikely. Vote for the Tories and maybe we can have more of the sort of thing that will save the economy.
4. New car sales are down, so if you walk into a showroom, you should be able to negotiate the stickered price down by a large chunk (much larger than 2.5%). Be prepared to walk out of the showroom if the deal isn't right. Commissioned salespeople need to sell cars to get extra income. I've heard that towards the end of a poor sales quarter is a good time to get a deal. "top tips for buying a new car or used. There is no better time to purchase a used car than the end of the month, this is because all dealers have to hit acertain target every month and sometimes they will be prepared to give an amazing deal if you are prepared to order, pay and collect the car before the end of the month. and for all of you out there who have just asked yourself the question of "but i'll lose out on my tax won't i?", the dealer can tax the car into the following month on the last day of that month or compensate you for the lost months tax with the fuel equivelent. Now the tip i will give you will save you hundreds if not thousands on a brand spanking new car, unlike a used car, don't wait until the end of the month to buy a new car but at the end of the quarter! New cars attract quarterly targets from the manufacturers and as such all sorts of bonuses as well. To give you an idea i work for the largest car retailer in the uk selling both new and used cars to you all, so the advice i give comes from experience on a day to day basis. Our periods end in june, end of september and end of december. In the last few weeks of each quarter we were doing stupid deals to be able to hit our targets, half of the time sellng these cars for less than we paid, but getting the registration bonus from the manufacturer to ensure we made a profit. always look at the whatcar target price and as a bare minimum the dealer can beat this!!!!! however you can also get money knocked off if you have finance mainly because we earn commission from it, to give you an idea £10,000 borrowed at an APR of 11/12% will earn the dealer approximately £550.00 in commision (this does not apply to the low rates however which are subsidised by the manufacturer) Also sites such as drive the deal etc will give you a price and if the dealer wants your business enough (and in these times he probably will) ask him to match the internet brokers too!!!! And finally............ once the dealer looks hot and flustered and has started to get the violins out.... if he cannot discount any more ask him to throw in things such as the paintwork and fabric protection, to him it's £50 or so and he would charge approx £200 - £250 for it. Hope this is of help and will keep updating and tips i can help to save you money on your new wheels."