mark88 Posted March 20, 2007 Report Share Posted March 20, 2007 Currently negotiating to buy a new 50k motor. A cancelled order which the dealer wants to shift by the end of march. Dealer is offering me an £800 *more* trade in value on my car IF they register the car first, meaning I would be the 2nd owner but 1st driver. They'd provide proof that the car was never driven and never a demo vehicle prior to me owning it. Not sure what to think really, is it worth saving £800 to be the 2nd registered owner instead of the 1st? I guess I'm asking is the fact that they'd be 2 registered owners by the time I sell it gonna cost me! Link to comment Share on other sites More sharing options...
Booster Posted March 20, 2007 Report Share Posted March 20, 2007 On a 50k car being the second owner will cost you far more than £800 when you come to sell it on. Pre-registration is only normally used when a dealer hasn't hit target by the end of a quarter (ie this month) but what's the problem in them registering it to you instead of them? Unless it is supposed to be a demo car that they aren't meant to sell. Link to comment Share on other sites More sharing options...
mark88 Posted March 20, 2007 Author Report Share Posted March 20, 2007 I was told by them registering it it frees up some capital in the car which they'll pass on to me(some of). Didn't make that much sense to be honest. It's not a demo car, it's an un-allocated brand new car. I wasn't sure whether it was worth it or not, but I guess not if it's going to bite me at the other end. The want to sell the car by the end of march, like you say. I'm not happy with the trade-in they've given on my car £800 below book so obviously I'm trying to get them up as much as possible. Link to comment Share on other sites More sharing options...
Booster Posted March 20, 2007 Report Share Posted March 20, 2007 [ QUOTE ] I was told by them registering it it frees up some capital in the car which they'll pass on to me(some of). [/ QUOTE ] Crap! I hope they have already discounted the car already? Tell them that you want the £800 off and you want to be the first registered keeper or they can stick it. I really can't see why they want to do this other than the car was supposed to be a demo car Link to comment Share on other sites More sharing options...
mark88 Posted March 20, 2007 Author Report Share Posted March 20, 2007 The car is discounted yes, a lot more than I expected to be honest! so I gotta be a bit careful how much more I push. I got 3 times more discount than I expected but the dealer knows other deals are out there and they wanna shift the car. They're feckin me over with the trade-in and even the tracker they want £579 when everyone else fits it for £499. Link to comment Share on other sites More sharing options...
shao_khan Posted March 20, 2007 Report Share Posted March 20, 2007 As said above - Unless if is the only car of its type in exstence, tell them you want it with the extra £800 and be first owner - Or you'll find another. Link to comment Share on other sites More sharing options...
Mook Posted March 21, 2007 Report Share Posted March 21, 2007 Ask for £1000 and you'll do the deal. If you're going to sell the car in 2 or 3 years, I don't reckon you'll lose any more just because it's had one additional owner. You don't say what it is, but shouldn't you be worrying more about the depreciation on it and the new £400 road tax on it..? Link to comment Share on other sites More sharing options...
robin09 Posted March 21, 2007 Report Share Posted March 21, 2007 My first thought was that they were probably supposed to put it on as a demo aswell. But then that would mean they can't legally sell it for 3 months. And in terms of freeing up capital, you buying it off them would do that anyway. Link to comment Share on other sites More sharing options...
330dcoupe Posted March 21, 2007 Report Share Posted March 21, 2007 My brother, who's in the car business, was telling me about this the other day. He say's dealerships register the car's to themselves because they can't get rid of them. So once they have registed it to themselves, this free's them up to knock them out at a discount price and therefor meet monthly sales targets. Link to comment Share on other sites More sharing options...
Booster Posted March 21, 2007 Report Share Posted March 21, 2007 Yeah but in this case he is willing to buy the car but not be the second keeper so what is the dealership gaining? They have a buyer waiting to go its not like they can't sell the car. Link to comment Share on other sites More sharing options...
Mook Posted March 21, 2007 Report Share Posted March 21, 2007 [ QUOTE ] My first thought was that they were probably supposed to put it on as a demo aswell. But then that would mean they can't legally sell it for 3 months. And in terms of freeing up capital, you buying it off them would do that anyway. [/ QUOTE ] Is that not a restriction put on the dealers by the manufacturers? AFAIK, you can register a car then change it as soon as you've got the V5 back..? Link to comment Share on other sites More sharing options...
DHA Posted March 21, 2007 Report Share Posted March 21, 2007 I thought that the 3 month thing was something to do with VAT. Link to comment Share on other sites More sharing options...
D1MAC Posted March 21, 2007 Report Share Posted March 21, 2007 [ QUOTE ] I thought that the 3 month thing was something to do with VAT. [/ QUOTE ] Yep - has to be 'used' as a demo for 3 months to be exempt from VAT - at which point the knock £1500 off the price and claim you're getting a bargain, cheeky swines Link to comment Share on other sites More sharing options...
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