Scammed by car dealer? Is it too late?

Wooaaah

I was offered an OK deal by a car dealer on a new car on PCP. It's the first brand new car I have bought and I'm not a great negotiator.

I had set the monthly payment I wanted and was trying to get them down on the deposit. They made me an offer which was still a bit high, so the guy disappeared to the office to consult the sales manager.

He came out offering me a tiny bit higher monthly repayment with a better deposit. I agreed as I though I would struggle to get it lower. I signed the papers but am yet to sign a finance agreement agreeing to the monthly payments.

Once I got home I realised that the increase of £3/4 a month actually brought the total amount payable to the same as the previous offer, so they didn't actually offer me a better deal at all. I feel a bit scammed as they acted like I was getting a better deal (typical salesmen).

Is there anything I can do as I am yet to sign anything that ties me into a finance contract? I have signed the invoice for the car but nothing about finance.

Even if they threw in the first year service for free (£120ish) then it would make me happier knowing that I did actually get a better deal.

Any tips?

Thanks (btw I am comfortable with the current offer, I'm just a bit miffed that they acted as if it was a better deal, but it wasn't).

david39

You have got a better deal.

You've got a reduced deposit, so you are borrowing more money, yet paying the same total in the end.

That's a better deal because the interest rate must be lower.

Wooaaah

david39 wrote: »

You have got a better deal.

You've got a reduced deposit, so you are borrowing more money, yet paying the same total in the end.

That's a better deal because the interest rate must be lower.

It's a tiny bit more but I can't be sure as I don't know the exact monthly payment to the pence. It's about £36 more I think.

Bantex_2

You agreed a deal. Honour it like any decent person would. Only scumbags go back on their word.

Ectophile

If you've signed the purchase papers for the car, there's nothing to stop you cancelling the finance for the car. However, the dealer will then want to know how you are going to pay for the car you've ordered.

mattyprice4004

It is a good deal- less of your cash up front for the same total repayment.

Joe_Horner

How is that "scamming"? That word gets thrown around far too much. It's getting to the stage where, if a business doesn't gve you something for free (or at least below cost price) then they're scamming!

They offered a total price, which you were ok with. Then, when you might have toruble with their normal finance deal, they rearranged that to suit your needs (while keeping the same total price). Sounds like great service to me!

PeacefulWaters

If an MSE thread title includes the words "scam" or "rip-off" it is invariably nothing of the sort.

shaun_from_Africa

Be fair.

"Scammed by car dealer" is a far better header for a topic than "I didn't take the time to read up on what the dealer was offering me"

Geodark

shaun_from_Africa wrote: »

Be fair.

"Scammed by car dealer" is a far better header for a topic than "I didn't take the time to read up on what the dealer was offering me"

It's always someone else fault, do you not know this? :rotfl:

I was having a related chat with the wife when we were heading up to Scotland yesterday, very few people seem to accept responsibility for their actions these days - its so easy to point a finger and blame someone else.

motorguy

Wooaaah wrote: »

Even if they threw in the first year service for free (£120ish) then it would make me happier knowing that I did actually get a better deal.

Any tips?

Thanks (btw I am comfortable with the current offer, I'm just a bit miffed that they acted as if it was a better deal, but it wasn't).

As has been said, it IS a better deal - Less of your hard earned up front for the same monthly payment.

And no, you havent been scammed, and no your not entitled to com-pen-say-shun by means of a free service or anything else.