BMW Finance

stuarta99

Anybody had any joy with BMW Finance? While searching for CCP paperwork at the weekend I found my details for an old BMW loan. Contacted them and they've sent me my agreement and it shows that I was paying some form of PPI. Fortunately on the signed copy it shows that I've never marked the 'I/We' options to say that I accepted it so hopefully I have a good claim.

Being new to claiming, is it just a case of filling out the ombudsman questionnaire and covering letter?

Many thanks

[Deleted User]

stuarta99 wrote: »

Fortunately on the signed copy it shows that I've never marked the 'I/We' options to say that I accepted it so hopefully I have a good claim.

Spurious complaint unless you can also show you had no need of the insurance.

picky123

Big question on car finance, WHEN ??

If before 14th Jan 2005, pre regulation and no chance.

stuarta99

Moneyineptitude wrote: »

Spurious complaint unless you can also show you had no need of the insurance.

On the form I've mentioned that I would have had sick pay where it asks

Big question on car finance, WHEN ??

If before 14th Jan 2005, pre regulation and no chance.

Started in 2001. I read that you can claim back whenever. Is that not the case? Guess I have nothing to lose.

[Deleted User]

stuarta99 wrote: »

Started in 2001. I read that you can claim back whenever. Is that not the case?

The regulation of general insurance sales did not begin until January 2005. The major Banks already subscribed to the GISC code of conduct and so their sales of PPI cover a much earlier period, this probably accounts for your confusion.

Car dealers were not regulated in 2001 and so the dealer who sold you PPI will not have to even consider any complaint you might make. You'll also have no access to the Ombudsman.

stuarta99 wrote: »

Guess I have nothing to lose.

You'll lose the time you spend writing a complaint and the cost of the stamp and stationary.

stuarta99

You'll lose the time you spend writing a complaint and the cost of the stamp and stationary

I'm sure I can afford that as I was paying £60/month for 36 months

[Deleted User]

stuarta99 wrote: »

I'm sure I can afford that as I was paying £60/month for 36 months

My description was shorthand for wasting your time and money. BMW won't have to even consider your complaint. Do realise that any complaint has to go to the dealer who sold you the insurance.

stuarta99

Moneyineptitude wrote: »

My description was shorthand for wasting your time and money. BMW won't have to even consider your complaint. Do realise that any complaint has to go to the dealer who sold you the insurance.

Ok so basically a waste of time then and pointless

[Deleted User]

stuarta99 wrote: »

Ok so basically a waste of time then and pointless

Yes, but feel free to write a complaint if it gives you some closure, otherwise you'll probably wonder...