Hi,
I'm in the process of purchasing a used car thru my business from a Car Supermarket.
I asked if it was possible for them to post the forms for me and another director to sign, and then arrange delivery as the supermarket is not that close.
I've been told that new FSA regulations require the signer to be present.
Fair enough.
I arranged to collect the car next Saturday anyway as its the exact spec I wanted.
I asked for them to fax me a copy of the agreement so I could read the terms and check all the details before making a 200 mile trip to sign and collect.
I was told it?s illegal to send finance documents out,
Anyone know if this is the case or a made up story?
Thanks
Chris
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Absolute rubbish.
See my answer to a similar post.
www.honestjohn.co.uk/forum/post/index.htm?v=e&t=28...5
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Alyn Beattie
I\'m sane, it\'s the rest of the world that\'s mad.
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Thanks,
Thought that might be the case.
I'm intrested in working out their motive for these terms.
Chris
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Possibly. More likely they think that if they frame it as £200 per month, it'll sound better than 13.9% APR with payment protection insurance. If you have the documents in front of you, and no exciting new car to distract you, you'll be far less inclined to shop around.)
(Over three years, that equates to £5,100 by the way, which is only £154.65 monthly at 5.9% APR with no PPI).
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Don't finance companies have to make these written details available on request?
I wouldn't deal with ANY company that was not 100% up front with their figures.
I had a very tempting offer from a large commercial vehicle lease purchase company. It was only when I quizzed the sales guy over the phone about total cost of ownership that I worked out I was paying nearly £3 grand more over 3 years for an £11K vehicle, than a similar deal I could get locally. They would not quote APR as it was a lease purchase deal rather than a finance deal.
Their newspaper ads did no make any mention of balloon payments at the end of the lease period. The salesman was quite embarressed, first when he misquoted the law relating to VAT on vehicles and non VAT registered businesses, then when he got his sums wrong, then when I read back all the figures he gave me and completely quashed the arguement for me taking up his product. He was left with no arguements, no excuses - nothing!
Hugo
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Strange this is,
I've received all the figures and APR details, I can work it out down to the last penny.
I'll hassle them on Monday for the details.
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The finance agreements for my last 2 bikes were sent to me for signing - no probs. I just picked up my shiney new bike when its ready. Job done!
--
\"Nothing less than 8 cylinders will do\"
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