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Car lease disguised VAT
Hi
I recently asked for a quote from a certain major car lease company for use in my business.
The car was suitable for my needs so I went ahead and placed a confirmed order with the lease company, supplying my bank and credit card details as a credit check. This form had to be signed and faxed across before the order was placed.
Now when I then received a final confirmation of the monthly cost, my quoted amount now had 17.5% VAT added.
My gripe is that the quotation on which I based my decision to purchase the car did not say anywhere that VAT was still to be added.
Yes, I know I should have checked but I feel misled.
Here is the hard part... because the VAT inclusive price was going to be stretching my budget, I decided to cancel the order but the lease company charged me £600 for this.
I feel sick and wonder is there any recourse to pursue this as I am sure the Consumer Credit Act must say the VAT must be explicit in the quote.
ANy constructive feedback welcome - thanks
I recently asked for a quote from a certain major car lease company for use in my business.
The car was suitable for my needs so I went ahead and placed a confirmed order with the lease company, supplying my bank and credit card details as a credit check. This form had to be signed and faxed across before the order was placed.
Now when I then received a final confirmation of the monthly cost, my quoted amount now had 17.5% VAT added.
My gripe is that the quotation on which I based my decision to purchase the car did not say anywhere that VAT was still to be added.
Yes, I know I should have checked but I feel misled.
Here is the hard part... because the VAT inclusive price was going to be stretching my budget, I decided to cancel the order but the lease company charged me £600 for this.
I feel sick and wonder is there any recourse to pursue this as I am sure the Consumer Credit Act must say the VAT must be explicit in the quote.
ANy constructive feedback welcome - thanks
0
Comments
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Lease companies always give prices without VAT, same as the prices for commercial vehicles. The reason is that you won't be paying VAT on it unless your a private individual or not VAT registered. Some lease sites will have one page for VAT registered and one for not.0
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