Loan from dealer... Urgent advice needed

crism

Hiya
I am about to take a loan to finance my car. Here is a story:
I went to my local vauxhall dealer about a week ago. Have found a car that should suit me pretty well and signed manual order form, for the car to be delivered.
What manual order form also states, is that balance of 7000 is "due from finance house", plus any balance that I am due to pay in, less deposit already paid.
During the talks abouty financing, I've been told that my repayments on the loan should be no more that 178 pounds over 60 mths (7000 to borrow without payment protection plan). (!)
OK.
Today I have found Martins' article about flat rate and APR rate loans, so went to comparison sites to find a deal on the same amount and AA came out with personal loan with repayments of 144 pounds over the same period of 60 months .
My big question is: if I signed manual order form, where as I wrote above, stated is that balance due from finance house is 7000 pounds, am I obliged to sign finance agreement when picking up my new car? Or can I simply walk away from this finance offer, go to AA, borrow money and pay in to simply buy the car for cash? and then make a payments back to AA instead been ripped off by flat rate loan?
I haven't signed any agreement with finance company yet...
Thanks for your replies.

standupguy

The order form relates to the purchase of the car only.

Phone the salesman and say that you are considering arranging the finance yourself due to a more competitive APR.

He may well reduce his quote to match - otherwise you can just go ahead and arrange the loan yourself.

crism

Thanks a lot for your advice standupguy! i'll speak to them today and see what they will say. It would be simply stupid to go for expensive loan when there is another - cheaper available, wouldn't it?

jonesMUFCforever

Apply for the loan first and check what rate you are offered. You may look pretty stupid if you have to go back to the dealer to re- arrange the finance.