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Car loan declined... and then approved?
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robdav1969
Posts: 3 Newbie
in Loans
Hello all,
New here, and looking for a answer to this little gem.
Last weekend we went looking for a replacement car as we were given the impression from the insurance company that our current car had been written off. We found a car and spoke to the dealer at ford about moving forward with it. Turns out a couple of days later that the credit application had been declined. Apparenlty it was something to do with a single missed payment 5 years ago??!!??
Anyway dealer said he'd return the £250 deposit and that was that.
On friday I got a call from another sales guy at the same garage saying that he had "managed" to get credit approval for the car using another company and asking if I wanted to go ahead.
The £250 deposit hadn't been returned to us, although it'd been 5 days since the call to say it was being returned.
I do not want to go ahead with the purchase of the car and I am frankly annoyed that they went ahead, without my permission, and applied for credit, and that they had not returned my deposit when they said they would.
Where do I stand on this? I am heading to the garage in about an hour and will be speaking with the head of sales, about getting the deposit back there and then. However I would be interested to find out of they have acted illegally or have broken any roles around the application for credit.
Thanks
Rob
New here, and looking for a answer to this little gem.
Last weekend we went looking for a replacement car as we were given the impression from the insurance company that our current car had been written off. We found a car and spoke to the dealer at ford about moving forward with it. Turns out a couple of days later that the credit application had been declined. Apparenlty it was something to do with a single missed payment 5 years ago??!!??
Anyway dealer said he'd return the £250 deposit and that was that.
On friday I got a call from another sales guy at the same garage saying that he had "managed" to get credit approval for the car using another company and asking if I wanted to go ahead.
The £250 deposit hadn't been returned to us, although it'd been 5 days since the call to say it was being returned.
I do not want to go ahead with the purchase of the car and I am frankly annoyed that they went ahead, without my permission, and applied for credit, and that they had not returned my deposit when they said they would.
Where do I stand on this? I am heading to the garage in about an hour and will be speaking with the head of sales, about getting the deposit back there and then. However I would be interested to find out of they have acted illegally or have broken any roles around the application for credit.
Thanks
Rob
0
Comments
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no as your form you signed with them wasnt for a specific finance company, a lot of places do it. It will be a subprime lenderDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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you can still get your deposit back ,they are not allowed to keep it :i was told this from a evans halshaw salesman.
just say you would like your deposit back although when i chaged my mind about a car it took 3 weeks of calling everyday to get mine backHalifax loan 12k
[STRIKE]28 payments left[/STRIKE]Now 26
[STRIKE]26 payments left[/STRIKE]now 24
[STRIKE]24 payments left[/STRIKE]now 160 -
If It's Evans Halshaw they've probably spent it on another "We Buy Cars 4 Cash" sign.....they are the gypsies of the motor trade world."We want the finest wines available to humanity, we want them here, and we want them now!"0
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What happened when you went to the dealer?0
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