V12 0% credit. How ...
 

[Closed] V12 0% credit. How much does it cost the retailer?

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Just that, really!

8% ?

On 3K, for example.


 
Posted : 10/12/2021 5:10 pm
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Off the top of my head, it was about 10% I think, when we looked into it a few years ago. Might have been more, up to 15%. The amount they take varies depending on the interest and time period (and probably your turnover through them). It was certainly significant!


 
Posted : 10/12/2021 5:59 pm
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8-10% I think. Remember though they’d pay fees of 2-3% on a credit card transaction.


 
Posted : 10/12/2021 10:03 pm
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Why do you want to know?

Genuine question not being a knob about it.


 
Posted : 11/12/2021 1:00 am
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6.5 to 21% at 6 and 48m respectively. Whatever term you pick will be in that range.

Credit cards cost 1-3 depending on the issuer but personal domestic should be low 1s.


 
Posted : 11/12/2021 7:12 am
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Why do you want to know?

Guessing so they can try and get a deal and say I will give you 10% less for cash otherwise I will use V12?


 
Posted : 11/12/2021 8:08 am
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When I tried to get a new bike back in July (Whyte e180s) the dealer local to me said they wouldn't sell the one as I wanted to pay 3k cash and 3k 0% 12months using the V12 platform. The dealer simply said they would sell them quickly without using finance and that was that. Ended up getting the bike online from a shop over 100 miles away and I've had a few problems since which has soured the experience a little for such an expensive purchase. I would have loved to have bought local but due to stock shortage it just wasn't possible.


 
Posted : 11/12/2021 8:32 am
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Cheers all. Chap on the phone said it didn't cost them anything which I knew couldn't be right.


 
Posted : 11/12/2021 8:51 am