PPI claim for agreement in 1987

page1

I bought a car in august 1987:

Cash price was £5940.00
Deposit paid of £2000.00
Balance price was £3940
Interest was £737 (APR 11.9%)
Balance to pay £4677.00
1st instalment was £155.00
followed by £155.00 for 29 months
Total amount was £6677.00

Can't do maths: the question is, is there PPI added here?

Thanks in advance

dunstonh

Nothing in there suggests PPI. It is a requirement for it to be on the Consumer credit act agreement.

However, even if it was, it is unlikely your car dealer was regulated in 1987. Most car dealers become regulated in 2005.

roonaldo

page1 wrote: »

I bought a car in august 1987:

Cash price was £5940.00
Deposit paid of £2000.00
Balance price was £3940
Interest was £737 (APR 11.9%)
Balance to pay £4677.00
1st instalment was £155.00
followed by £155.00 for 29 months
Total amount was £6677.00

Can't do maths: the question is, is there PPI added here?

Thanks in advance

why, should there be PPI?

[Deleted User]

page1 wrote: »

Can't do maths: the question is, is there PPI added here?

It's not itemised in your agreement, so no.
It's another claims company myth that PPI can be "hidden" in the manner you imply.