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| Barnsley Bob | Feb 22 2007, 01:36 PM |
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Unregistered
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Being a previous employee of carcraft I could tell you stories that would make your hair curl. For example there is a long running joke among its employees that the NAC warrenty doesn't stand for National Automobile Cover (which again is owned by carcraft) but "Nothing at All Covered" and the finance is advertised on a weekly basis so that the average customer will interprate this as 4 weekly payments equates to one month when in fact it is 4.333333333 weeks per month. They also advertise interest rates equateing to 8% per year however they get more finance commission the higher the rate, I was regulally told to sell on a 13% flat rate (approx 25.9% apr) to increase both my and the companys commission. As a guide they base their prices on a SIV value (stand in value) which is worked out on the cost of the vehicle plus whatever cost to get the car up to a MINIMUM standard then increase the price by a minimum £2000 mark up so my advice would be either a) deduct £1000 from the screen price, then multiply the price by 1.4 (which is adding on 8% per year for 5 years) then divide that total by 60 (60 months in 5 years) that is what they will definately sell the car to you for of b) if you are paying cash just deduct £1000 drom the screen price and stick to your guns or the better alternative c) avoid any car supermarket like the plague and go to a local main dealer who will have a computer tracking system and will be able to, 90% of the time, find you your ideal car for a lot less than you would pay at one of these, so called, car supermarkets. |
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| Carcraft · Carcraft - Ucan Car Credit | |
6:25 AM Nov 27
