Car Finance cooling off / not picked up the car

jordanmanton

Hi,

I think I've made a big mistake by signing a car finance agreement last night. I believe I've rushed into it without thinking.

Details; I signed the Seat finance agreement last night, however I have not yet signed for the car, I've put £100 deposit on the car and I'm supposed to be picking it up on Saturday.

I've not spoke to the garage yet as I'm trying to find out where I stand in terms of cancelling. I understand there is a 14-day cooling off period with any finance agreement, is this true?

And as I'm yet to sign for the car can I cancel it all?

Thanks

poppasmurf_bewdley

By now the car is probably registered in your name, so to the garage it will be a secondhand car on their hands.

You need to speak to them asap.

Your £100 deposit is as good as signing up for the car. It forms the contract, which you are committed to now.