Is a deposit still required when you buy a new or second hand car? Without having car allowance that is.
Deposit on a new car?
Is a deposit still required when you buy a new or second hand car? Without having car allowance that is.
New car no second hand I don't know.
"Some people feel the rain. Others just get wet."
Bob Dylan
Im sure its still 10%. Dont be fooled by the 0 deposit residual deals.
Nah I think with the NCA you can buy a new car without a deposit. Also not sure about used though ...
No you do not require a 10% deposit anymore on new vehicles.Originally Posted by JK8
"Some people feel the rain. Others just get wet."
Bob Dylan
Very True. I just phoned Honda, and they say no deposit needed)
Cool stuff
Did you get your discount?Very True. I just phoned Honda, and they say no deposit needed
Cool stuff
Ah don't worry noone ever believes me anywayVery True. I just phoned Honda, and they say no deposit needed
Cool stuff
"Some people feel the rain. Others just get wet."
Bob Dylan
Remember to read the fine print. Don't go for residual offers, it makes the car difficult to sell again. Go for a 100% loan. I think they give loans for up to a 8 year period now.
Damn, 8 years is a long time to be paying off on a car.
Max time period is 72 months as per the NCA. (although I might be wrong)
"Some people feel the rain. Others just get wet."
Bob Dylan
Might be, that why i said "I think ..."
I knew it was increased, but didn't know exactly by how much.
You can always pay off more every month to shorten the period, or ask for a shorter period.
I don't want to start a 'why didn't you buy x car instead?' thread but ... why didn't you look at the A3 2.0T instread?
No deposit needed...we'll just include it in the price you pay for the car
No deposit needed if you can afford it
You might get a slightly lower interest rate if you can put down the money though, as it qualifies you for a lower risk.
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