PCP finance

[wazza]

Has anyone ever had PCP on a private sale?
From what I can gather, it can only be done via a garage that has a consumer credit licence.
So, to alleviate my problem (unless anyone answers yes to my first question) I have to get the garage to buy the car from the private individual, so I can buy it off the garage. Phew [img]images/graemlins/thumb.gif[/img] Hope you are still with me [img]images/graemlins/thumbs.gif[/img]
How much should the garage add?
I agree that, for an [img]images/graemlins/24430-audibash.gif[/img] dealership, there are the costs: Checking the car over, repair neccessary items, hpi check, one year warranty cover, salesmans cut (anything else?)
Do you think it will be cheaper to goto a specialist dealer or even a non-audi garage?

Questions, questions [img]images/graemlins/sekret.gif[/img] [img]images/graemlins/rs4-button.jpg[/img] I find the bloody car, now it's all hassle..... but worth it [img]images/graemlins/grin.gif[/img]

[B5DOM]

Alliance and leicester do a bubble payment profile on car finance, not sure if that will help but if it is one of the reasons for using a PCP then it might well do.

If the garage was to purchase the car then surely they would need to add VAT to the sale price!

[wazza]

Thanks. I'll check out A&L tomorrow, but I reckon they'll want it through a garage as well.

If the garage was to purchase the car then surely they would need to add VAT to the sale price!

I'm sure that there is only VAT payable on the *difference* between what the dealer paid and the price they sell at for 2nd hand cars.

[Jon]

give me a ring I have a guy who can get you finance down to 2.9 % Flate on an equlaized variable rate. big savings to be had!

[B5DOM]

Yes you are right about the VAT, it is only payable on the difference

Details from the A&L site but limited to 20k loan

Car Purchase Plan
Helps you get more car for your money
Get a decision in seconds
Borrow up to £20,000 for up to 4 years
Don't be tied to one vehicle or dealer
Defer up to 60% of your loan
Finance is not secured against the car
At the end of of the loan period you have 3 options

Sell the vehicle and use the sum raised to pay of the deferred amount.
Change it for another new or used vehicle and use the trade-in value to clear the deferred amount. Then simply take out a new Purchase Plan to buy your next vehicle.
Keep the vehicle, and continue making the same fixed monthly repayments until the whole amount is cleared.