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Please help need to get out of car finance deal.
dougal38
Posts: 5 Forumite
We have today been to see a car at arnold clark that we like and rather than taking time to think gone ahead with the finance on it. We paid £100 deposit and signed the finance agreement. Since returning home and talking to others we think that we have pushed ourselves to far per month budget wise. Is there any way we can get out of this? We are really starting to panic and feel so stupid! Please help with any advice.
Thank you.
Thank you.
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Comments
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I have read the document but cannot see anything about a 'cooling off period' I am becoming very worried about this and jsut do not know what to do
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I was going to say check to see if there is a cooling off period ... hope you get something sorted.Grocery Challenge £211/£455 (01/01-31/03)
2016 Sell: £125/£250
£1,000 Emergency Fund Challenge #78 £3.96 / £1,000Vet Fund: £410.93 / £1,000
Debt free & determined to stay that way!0 -
There is always a cooling off period - not long though!
Sounds to me like you have just paid the deposit and signed the agreement so that finance can be put in place.
If you have signed the full HP agreement it should be 10-15 pages long, where as the initial contract is 1-2 pages only. If the lender is not stated then you are at this stage. If the lender is stated come back to me...
Have you took in your ID or collected the vehicle yet? The opt out details will be in your final agreement, the one that is provided with the lenders name and all of the fine details. I suspect you have completed an order form for the vehicle and a request for credit.
Quite easy to get out of, but you may loose that £100.00, but not a huge price to pay considering you signed the agreement and now know better! I don't know how you deal with Arnold Clark as you then have agreed to buy the car and have nothing to pay with, I guess if you haven't removed it from the showroom then they just canx it off.
HTH0 -
Why have you posted a similar thread on the Loans Board?
Are you expecting different answers on here?"There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock0 -
https://forums.moneysavingexpert.com/discussion/4083283
OP if you do post on more than one board (which shouldn't really be needed unless you've not had a response - which you have) - please advise readers of this and maybe provide a link so we can see what others have said (and aren't therefore repeating the same thing!)Grocery Challenge £211/£455 (01/01-31/03)
2016 Sell: £125/£250
£1,000 Emergency Fund Challenge #78 £3.96 / £1,000Vet Fund: £410.93 / £1,000
Debt free & determined to stay that way!0 -
poppasmurf_bewdley wrote: »Why have you posted a similar thread on the Loans Board?
Are you expecting different answers on here?
Repetition
DF
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