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Wrong Information On HP Agreement
Comments
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That is going to be tough to achieve I fear.
I am not sure you will be able to achieve it all in one go (or even if you would) since you don't really want to buy through that same dealer if they are falsifying finance applications.
I'd put in a complaint to the dealers owner and see what happens.
You do need to articulate how you would like him to remedy the situation, have you thought about what you would actually like them as the dealer to do? Can you quantify any loss as a result of their action?Thinking critically since 1996....0 -
The problem i have is i dont know what to expect from them, i am going down this route now as i have been told by another main dealer that the miles on the HP form should not be different, if it is there is a reason for this, hence it could be me paying more money for a car than i should be. I might just see if they can move me into a new car will respectable payments on it but obviously i will check the form twice over this time. The original salesman who out the form through dont work there anymore, neither does the finance man.0
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It sounds to me like you knew all about the car. Condition, age, mileage. You got what you wanted at the agreed price.
The issue now is the finance and the rate. The salesman got you finance. Maybe in a way that pulled the wool over the finance company's eyes but in a way that got you the loan to buy the car with.
You knew the cost and went ahead.
The most likely alternative is that there was no other sensibly priced finance option available.
You haven't lost out.
The finance company is exposed to a risk it wouldn't otherwise have considered.
I'd leave it there.0 -
opinions4u wrote: »It sounds to me like you knew all about the car. Condition, age, mileage. You got what you wanted at the agreed price.
The issue now is the finance and the rate. The salesman got you finance. Maybe in a way that pulled the wool over the finance company's eyes but in a way that got you the loan to buy the car with.
You knew the cost and went ahead.
The most likely alternative is that there was no other sensibly priced finance option available.
You haven't lost out.
The finance company is exposed to a risk it wouldn't otherwise have considered.
I'd leave it there.
This summary is spot on. & I agree with the sentiment that you should leave it alone.
I can't see how you could realistically benefit from raising the paperwork error with the finance company. I can't see that you would have paid a lower APR if the finance company knew the true mileage.
Possibly they would not have given you the finance at all. But that is not a justification for you to seek compensation - you knew true mileage and APR when you went into the deal.0 -
OkOk.. I think i will just go to another dealer and exchange my car for another, and get a better APr rate. At the time i did not have a clue about all this APR rate and stuff like that. I am not very wise with all this, well im better now anyway. Ok people, Thanks for the advice.0
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opinions4u wrote: »It sounds to me like you knew all about the car. Condition, age, mileage. You got what you wanted at the agreed price.
The issue now is the finance and the rate. The salesman got you finance. Maybe in a way that pulled the wool over the finance company's eyes but in a way that got you the loan to buy the car with.
You knew the cost and went ahead.
The most likely alternative is that there was no other sensibly priced finance option available.
You haven't lost out.
The finance company is exposed to a risk it wouldn't otherwise have considered.
I'd leave it there.
Best answer, and comment on here so far.0 -
When buying a car you should always ask the seller for the last MOT test number this way you can look online and work out the the mileage and if its been clocked etc0
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Irrelevant in this case. OP knew all the details at the time. Now they want a new car and are shocked at the negative equity they are in, now regretting it and looking for a way out at no cost.BugsyBrowne wrote: »When buying a car you should always ask the seller for the last MOT test number this way you can look online and work out the the mileage and if its been clocked etc0 -
why would the APR be based on the the car millage?
surely it was based on the credit check and your ability to pay? maybe you should read what you sign in future0 -
Irrelevant in this case. OP knew all the details at the time. Now they want a new car and are shocked at the negative equity they are in, now regretting it and looking for a way out at no cost.
Arr right didn't realise that so the OP knew the mileage had been changed but still went ahead with the agreement.0
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