SAICAR Vehicle Purchasing Scheme

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boeriebuffet

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Have any SAICA members here made use of the SAICAR vehicle purchasing scheme? I was wondering whether there is any real benefit or savings? This is the description which sounds quite promising:

"The SAICAR Vehicle Purchasing Scheme assists members, trainees or associates, to genenerous discounts on the purchase of your vehicle, new or used and all makes."
 
Haven't used it personally, but if you want any kind of finance and are in the CA field then go Investec.

All my friends that bought cars went with them, the savings more than cover up for their (insanely) high private banking fees.
 
Shalin_ZN said:
Haven't used it personally, but if you want any kind of finance and are in the CA field then go Investec.

All my friends that bought cars went with them, the savings more than cover up for their (insanely) high private banking fees.
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What savings are you referring to? Like a lower interest rate?

I'm not specifically interested in financing, it's the possibility of a lower purchase/cash/retail price of the vehicle that is really of interest to me.
 
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boeriebuffet said:
What savings are you referring to? Like a lower interest rate?

I'm not specifically interested in financing, it's the possibility of a lower purchase/cash/retail price of the vehicle that is really of interest to me.
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Yeah, I was talking about savings in the form of low interest rates.

Didn't know we could get discounts on the purchase price, that's pretty interesting.

Would be nice to get the opinion of someone that has gone this route.

Also, maybe move the thread to the health/wealth/leisure or business/finance section, that might get more hits from CA's.
 
Shalin_ZN said:
Yeah, I was talking about savings in the form of low interest rates.

Didn't know we could get discounts on the purchase price, that's pretty interesting.

Would be nice to get the opinion of someone that has gone this route.

Also, maybe move the thread to the health/wealth/leisure or business/finance section, that might get more hits from CA's.
Click to expand...

A discount on the purchase price is just how I interpreted it, but you might be onto something with the lower interest rate thing. Let's wait for someone who can speak from experience :confused: but thanks for the tip of moving the thread, now I just need to figure out how to do it!
 
modern10 said:
What's the mark up on vehicles anyway?
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Dealer discounts are not straight forward, they get quotas and incentives and it can get blurry and complicated to work out the cost price.

I'm not so sure about SA, but in Germany you can easily negotiate 20 - 35% or sometimes even more % discount when paying cash for a car with no trade in. ( bear in mind that the sticker price in Germany is usually already lower than here in SA )

The problem here is SA is that you deal with a good working oligopoly of huge car dealer groups and its difficult / impossible to negotiate them down.
Although I could manage 20% on a new Merc and 15% on a new BMW in the past.
Lately I rather bought almost new 2nd hand cars from private sellers, because I got a bit frustrated with the huge losses on new cars.

If you really want a sizable discount you need to find an INDEPENDANT dealer and negotiate. ( preferably one that needs to meet targets / quotas )
 
boeriebuffet said:
I was wondering as well, because without knowledge of the actual cost price of the vehicle to the dealer, I wouldn't know whether cost plus a percentage is a good deal or not.
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modern10 said:
What's the mark up on vehicles anyway?
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Become SAICA member > Audit dealership > Know all the secrets

...and then proceed to tell nobody since its confidential. :/
 
Ag I'll just send a query for a car I'm looking at buying, then I'll compare the price to What's on auto trader
 
The discount only applies to brand new vehicles, and the consultant told me they sell the car to you at cost+4%. That's all I gathered about it.
 
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