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Sat 1 Oct 2011 07:49

Question on Document signed at dealer? - fd1972uk

Hi,

Wondering if anyone can help, I was in looking at a car which I'm looking at buying, now I got a price over the phone and also down at the place which I am happy with.

However I got a bit flustered down at the dealer (had my little 5 year old kid and also lost my mobile phone, actually went later on at night and got the security guy to take it from the car I had test drived as that was were I had dropped it).

However I've signed a 'Purchasers declaration', I did fill in a Finance Prop sheet before that, although I forgot to sign it.

On the question of the Purchasers declaration I'm wondering if thatis legally binding?

I ask because there is only the initial car details, there is no final figures i.e. monthly repayments, interest charges on it?

Does that mean I have another form to sign for the final settlement figures or have I mistakingly signed a document where if they wanted to could say that they can only finance my car with a crazy %APR?

Can anyone help?

If you need anymore info please let me know.

Just worried now.

Cheers

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Sat 1 Oct 2011 18:27

Question on Document signed at dealer? - ifithelps

Is there a part-exchange?

I ask because you would have to sign a piece of paper saying you owned your car, it hadn't been written off, and other stuff like that.

You have nothing to worry about, the finance agreement will show all the interest, charges, repayments and so on.

And it will need two or more signatures, so you cannot have signed one by mistake.

You say you became flustered, which does concern me for your next visit to the dealer.

Being flustered and signing for a car is not a good combination.

Can you take a friend with you next time?

It would be handy to have another pair of eyes looking over the paperwork.

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Sun 2 Oct 2011 11:05

Question on Document signed at dealer? - fd1972uk

Yeah thanks for that.

I got my phone back now, so I should be a lot calmer. :D

And tbh, I'll check over the paperwork when I get it, as long as there ain't no funny figures like he said there wouldn't be i.e. first payment/last payment then I'll be happy if he comes at the price he stated to me.

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Tue 4 Oct 2011 17:35

Question on Document signed at dealer? - concrete

Hello, ifithelps is right, the finance documents should be fully filled out with all the figures, including purchase price, deposit, interest rate, monthly payments and length of payment period. Check them carefully, if neccessary take them to a quiet spot and have a coffee and do your own sums. If you are happy with the deal you can sign. Presumably you have made a note of quotations given to you for the vehicle in question, so stick to that price, if they try to increase it or alter it, then walk away, there are thousands of cars out there to choose from. As for the declaration, it is virtually meaningless. If you are buying a used vehicle from their stock, ie from the forecourt, and you have not specifically ordered the vehicle or authorised any work on the vehicle on the basis of buying it then you can refuse to buy at any time until money is handed over. Remember to keep calm, take a friend who has experience of discussing finance or who has the confidence you lack. You should be in charge, you have the money and they want it, so they should accommodate any reasonable request to close the deal. Never be embarrassed to ask any question about anything you are not certain of. If they cannot explain to your satisfaction and you have any doubt, walk away. You are in charge. Go for it. Let us know what happens. Best of luck. Concrete

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Wed 5 Oct 2011 00:33

Question on Document signed at dealer? - stivvy

Abso.....lutelyl Well crafted bit of advice whatever you're buying.

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Wed 5 Oct 2011 12:53

Question on Document signed at dealer? - fd1972uk

Yep, thanks for that Concrete.

I intend to pick the car up tomorrow, although I'll be calling him today to run over the monthly payments, as I can't be bothered going down there and noticing that the figures have jumped up and they have me at the showroom with the car outside trying to corner me.

Cheers

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