NSW - 2.8% finance rates on Octavia range

[pologti18t]

Noticed an ad in today's Daily Telegraph for 2.8% finance on the entire Octavia range. 36 or 48 months

[dru]

Would have been better if it was 10 months ago lol. What is usually the catch with these sort of finance rates? Lots of fees? Large exit fees?

[woofy]

It's on the Skoda website.

[bobski]

I'm guessing the dealers do a lot of negotiating on the "monthly payment" trying to get you to pay sticker price.

But if you get a good price and save 6-7% over 48 months, its nothing to sneeze at.

[VAG newbie]

Does anyone have any further detail on this finance rate? Do you have to buy with full RRP? Any other fees and charges involved?

There are a few Octys at heavily discounted price, can I finance them at 2.8%?

[K1W1]

The vehicle has to be SOLD AND DELIVERED between 1 September 2011 and 31 October 2011. That pretty counts out about 90% of potential buyers as dealers have such limited unsold flor stock.
There is nothing in any of the Ts&Cs that I can see that says the vehicle has to be sold at RRP so I assume discounted vehicles would apply provided that they are on the floor ready to go.

[woofy]

From memory its also for business customers, which is me, but I'm not in a position to do anything yet. Richmond Skoda have tonnes of Octys, they got enough stock in to last until Christmas, something like 40 Octys when I was in there a few weeks ago.

[VAG newbie]

My dealer has 3 x 90TSIs with DSG (presumably MY12 as Bluetooth is standard), all with MP (black, beige and silver), brand new unregistered vehicle advertised for $26985 driveaway. I've asked if the 2.8% finance applies to the price, the sales person couldn't tell me, but will ask the finance manager to call me tomorrow. Will be interesting if they will do it. Of course I am still planning to negotiate a bit more, maybe <$25000 driveaway, or maybe free tints, car mats or service vouchers

They also have quite a few 118TSI, RS sedan/wagons and scouts in stock, so quite a few choices. But I must admit the colors are all very bland. Pretty much black, silver, gray and white. Only one blue for the RS that is a bit stand-out.

[VAG newbie]

Bit of updates. Still very mysterious, and I have contacted the dealer twice to ask to speak to the finance manager. Both times he was "busy with another customer" (which is weird, that dealership has always been quiet as they sell only Skoda and Renault), and the sales person promise he'll chase him up to call me back.

So there must be a catch, and the dealer knows how much homework I do so it's impossible to cheat me. I spoke with my accountant as well, he also reckon it's too low to be true. Must have some catches. So far, all we know is it has to he business applicant on a hire purchase for 36-48 months. So you have to have ABN first, and you can't be government, fleet or rental buyer. This has excluded 99% of buyers out there.

Will continue to chase. If anyone knows anything more, please post it up here too.

[K1W1]

Go to another dealer they obviously don't want your business and in the light of the way they are ignoring you you would be stupid to give them any business.