We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Buying a car - finance etiquette?!
Comments
-
The finance paperwork is none commital until the finance is paid out - so get in touch with the finance company and tell them you have cancelled the car if the garage give you any trouble.
You will get a better deal through a personal loan or a seperate HP provider as the garage will be earning a commision from the finance company for sourcing the deal- this will normally be a %age of the amount lent. So if you borrow 10k, and the garage take 3%, they will get £300 for doing the finance. As the rate increases, so will there commission %age!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards