New Micra

The_Biff

My son was trying to buy a new pre-registered Micra, for £5995. It had zero miles & was registered in July 05. The price was £5995 plus £105 road fund licence, although this was not displayed anywhere. He was assured that this was the total price he had to pay. He was later told he would have to make his cheque payable to a finance company. I thought this was a little strange, but he was assured the finance company owned it & he would have to make one monthly instalment on the finance agreement & then settle the finance with no interest charges.Then the (main) dealer said they wanted £150 in loan fees. He created a stink and was told they would give him the £150 back when he took delivery, as long as he signed up there and then.
He has put down a small deposit & as its his first car ever , he's getting very suspicious.
Should he proceed & what are his chances of getting the £150 back at the weekend.

vansboy

Who's name is on the registration document (V5), it MIGHT show another customers name, who MIGHT have purchased the car & for some reason cancelled the order & therefore actually owned by a finance company, who are trying to recoup their loss.

OR it could be the finace company are providing the dealers with £$£$ to cover their stocking costs & this is their procedure, for when each vehicle is sold.

You'll need to see what the purchase order says, regarding deposit retention - usually you'd loose it & then walk away - the dealer COULD persue for 'loss of profit' & their expenses, if they wanted.

If it's still the car he wants & the extra £150 isn't being applied, there's not really a problem, though, so he sholud be able to buy the car & drive away happy.

VB