Pcp ripoff

bigjl

Can't see how this is in any way a ripoff.

You bought a brand new car. Decided you wanted another Brand new car.

And now you have lost money.

Why should the Dealer pay £1000 because you have decided you want to change your car?

Jk911

The confusing thing is the first figure they gave me was £480 per month but they said this was a mistake.

I'm not an expert on how they work the figures but why did they not say they were going to add the £1k to the finance.

Jk911

bigjl wrote: »

Can't see how this is in any way a ripoff.

You bought a brand new car. Decided you wanted another Brand new car.

And now you have lost money.

Why should the Dealer pay £1000 because you have decided you want to change your car?

Because they said they would to seal the deal!

Then added it to my finance without telling me, don't get what you don't understand?

k3lvc

Jk911 wrote: »

Then added it to my finance without telling me, don't get what you don't understand?

We're not understanding where in the deal the £1k went - assuming the deposit, monthly payments and GFV stayed the same they did absorb it. Which one of them changed between your original quote (which presumably needed £3k deposit) and the final one ?

neilmcl

Jk911 wrote: »

Because they said they would to seal the deal!

Then added it to my finance without telling me, don't get what you don't understand?

Again, what we're struggling to understand is that you've implied that your deposit and monthly repayments would have stayed the same?

Please can you give us the following as per your credit agreement:

Cash price (incl VAT)
Advance payment
Amount of credit
Total charge of credit
Total payable

Monthly repayments
Optional final repayment

Jk911

k3lvc wrote: »

We're not understanding where in the deal the £1k went - assuming the deposit, monthly payments and GFV stayed the same they did absorb it. Which one of them changed between your original quote (which presumably needed £3k deposit) and the final one ?

They took £1k from my deposit to clear the negative equity meaning instead of me financing £25350 I was in fact financing £26650 making the payments £405 .

neilmcl

Jk911 wrote: »

They took £1k from my deposit to clear the negative equity meaning instead of me financing £25350 I was in fact financing £26650 making the payments £405 .

£26650-£25350 does not come to £1K!

Jk911

neilmcl wrote: »

again, what we're struggling to understand is that you've implied that your deposit and monthly repayments would have stayed the same?

Please can you give us the following as per your credit agreement:

Cash price (incl vat). £27350
advance payment. £848.53
amount of credit. £26501.47
total charge of credit. £4551.87
total payable. £31901.87

monthly repayments. £405.33
optional final repayment

. £11597.11

k3lvc

And what were the details of the previous quote that you're comparing to ?

Jk911

k3lvc wrote: »

And what were the details of the previous quote that you're comparing to ?

All he said on the phone was it would be between £375-380