We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Pay Off PCP Within 14 Days

Options
2

Comments

  • billn
    billn Posts: 336 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    I was told by the salesman that I could pay the whole ammount of the finance straight away and only pay 1 or 2 days interest but the finance manager said I had to wait 6 months to settle but then backtracked when I rang VW Finance to confirm which one was correct.

    Try to pick your car up at the beggining of the week and you can get away with only paying 1 days interest, I picked the car up on a Friday and had to pay interest for the weekend which was still only a few pounds compared to the discount.:)
    If at first you don't succeed, sky diving is not for you!
  • I have just entered into a PCP agreement for a car. When can I settle the agreement, today some 12 days before I receive the car, or do I have to wait till I have taken receipt of the car?
  • TadleyBaggie
    TadleyBaggie Posts: 6,633 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I think you will have to wait until the vehicle is in your possession, the finance agreement will start from that date.
  • Sorry to interrupt. iI was hoping in getting an advice . We sign a PCP contract with Nissan a month ago . We paid £2000 deposit , amd run a quick drive test. There was a problem with the car that we noticed from the drive test, but the agent assured us everything is fine . We took it and after 7 days decided to get the car back as the problem was still there . They made us pay another £945 . And didn t give out deposit back .. so we ce lost almost £3000 for keeping the car one week. Is this how thinga works ? Pr maybe I should contact someone to make a complaint avout .. thank you
  • JackeeBoy
    JackeeBoy Posts: 229 Forumite
    I've been Money Tipped!
    Wait...

    You paid a deposit for a car
    Returned it due to an issue
    Had to pay £945 to return the car
    Didn't get your deposit back

    Did I read that correctly?
  • Mercdriver
    Mercdriver Posts: 3,898 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Adriana123 wrote: »
    Sorry to interrupt. iI was hoping in getting an advice . We sign a PCP contract with Nissan a month ago . We paid £2000 deposit , amd run a quick drive test. There was a problem with the car that we noticed from the drive test, but the agent assured us everything is fine . We took it and after 7 days decided to get the car back as the problem was still there . They made us pay another £945 . And didn t give out deposit back .. so we ce lost almost £3000 for keeping the car one week. Is this how thinga works ? Pr maybe I should contact someone to make a complaint avout .. thank you

    Sounds horrendous. I am assuming this is a used car? Please start a separate thread as this is a completely different issue to the thread you have hijacked.
  • Scrapit
    Scrapit Posts: 2,304 Forumite
    1,000 Posts Second Anniversary Name Dropper Combo Breaker
    Adriana123 wrote: »
    Sorry to interrupt. iI was hoping in getting an advice . We sign a PCP contract with Nissan a month ago . We paid £2000 deposit , amd run a quick drive test. There was a problem with the car that we noticed from the drive test, but the agent assured us everything is fine . We took it and after 7 days decided to get the car back as the problem was still there . They made us pay another £945 . And didn t give out deposit back .. so we ce lost almost £3000 for keeping the car one week. Is this how thinga works ? Pr maybe I should contact someone to make a complaint avout .. thank you
    What have you actually paid for? You should look up the sale of goods act
  • Yes ... kind of . It was a used car , and when pressing and releasing the break there was a ready loud noise . They said is fine , nothing wrong . We kept the car for a week and the noise was still there . Wewent back to them and they said to try drive with radio on , that it s usual for automatic nissan cars to have this noise .. then we decided to give the car back . It was within the 14 days of the cancellation , but they ve made us pay £945 , extra and said that we could not take the deposit back . Is there any organisation on anyone adviced to contact ?? Or what can i do ?
  • eschaton
    eschaton Posts: 2,094 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Adriana123 wrote: »
    Yes ... kind of . It was a used car , and when pressing and releasing the break there was a ready loud noise . They said is fine , nothing wrong . We kept the car for a week and the noise was still there . Wewent back to them and they said to try drive with radio on , that it s usual for automatic nissan cars to have this noise .. then we decided to give the car back . It was within the 14 days of the cancellation , but they ve made us pay £945 , extra and said that we could not take the deposit back . Is there any organisation on anyone adviced to contact ?? Or what can i do ?

    Did you not see post #17 ?
  • I m strugling using thiswebsite .. cannot figure it out ..
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.