HP Finance deal on Car.

Pixie5740

MP3 wrote: »

Yes the car is 2015. My question i guess largely boils down to this: given I’ve only had the car for three days in to agreement and the 14 day right to terminate, can I take take the car back to the dealership without incurring any loss financially, given that I what I was told was not what In the end what I was sold.

You were told the interest rate is 5%, which it is, it's just that the interest rate quoted was not the APR but a flat rate. Lots of dealerships quote flat rates instead of APR to make the rate sound better. You can cancel the car finance within the cooling off period but that doesn't entail the dealership taking the car back. You might only have had the car for 3 days but now there's another owner on the V5C it's taken quite a hit in depreciation.

Out of interest whose name is the car registered under?

MP3

Had a meeting with the sales manager at the dealership, whose agreed to take the car back and found all of the money. Hopefully this us the end of the story and s lesson well learned. Thanks for your advice guys.