What to look for in aggreements, car loan and car insurance.

DBGage

Hi everyone!

I took out a car loan with Black Horse Finance and I'm looking to put in PPI claims.

However I'm not sure what to look for on the agreement, would it be as obvious as PPI changre?

Also car insurance, I'm a rookie so feel free to correct me, would you be charge ppi on car insurance? If so what do you look for on the forms.

-taff

Anything that says PPI, or insurance.

It'll be an extra charge as well as the amount you borrowed and the interest charged on that.

TheMoney

As above, but as far as I'm aware car insurance generally wouldn't include PPI. With car insurance, you pay each month and annually, if you don't pay, they cancel your policy. PPI is usually only on any agreement where a fixed amount has been borrowed over x amount of time, and your re-paying it, monthly insurance isn't repaying it's purchasing.

dunstonh

Whilst it is rare on car insurance, it does exist. As monthly premium car insurance is actually a loan, there have been a very very small number of providers that made it an optional extra. However, this is typically only the online companies. So, no-one is actually selling it. The person is choosing to have it.