Ok, ive never got a car on finance before. never had a loan or even a credit card so forgive me if i sound stupid.
im looking at a car thats going for £10,000, im paying 7k outright and basically im gettin 3k on finance
The car dealer guy is telling me that i will have to pay a £175 doc fee for the finance on top of any interest. he goes that it doesnt matter if i take out 1k or 11k, everyone has to pay it. now, i've got a feeling hes talking crap. can anyone put my mind at ease?
Also the figures he has given me are £3000 on finance, and at 6% flat rate, i will pay £540 interest over 3 years as well as this £175 doc fee. Does this sound reasonable?