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Car dealership nightmare

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Comments

  • AndyMc.....
    AndyMc..... Posts: 3,248 Forumite
    1,000 Posts Combo Breaker
    Lottie_1987 wrote: »
    Oh well silly me for thinking this situation is a nightmare! Oh and thank you for your concern amount our nightmare of a drive and no it hasn't been sorted as it is currently with solicitors.

    Wow, you found one who works weekends.
  • photome
    photome Posts: 16,712 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Bake Off Boss!
    AndyMc..... wrote: »
    Wow, you found one who works weekends.

    Think you need to read both threads
  • wesleyad
    wesleyad Posts: 754 Forumite
    Part of the Furniture 500 Posts
    edited 28 January 2019 at 11:30AM
    Regarding the tax, is it not just that they taxed online for 6 months in your name (which would be june)?

    It's what they did for me when I bought my last car.

    I've never seen any sort of loan or finance advertised at the total rate, for the reason that rate changes on length (in your example 3% after 1 year, 6.5% after two and 9.9% after 3), it's always done on APR.
  • DoaM
    DoaM Posts: 11,863 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Isn't an APR calculated based on the totality of the loan versus the loan period? From what I've read, OP was told 3% and assumed this was the APR (as that's how loans are supposed to be presented to a consumer) - it seems the dealer/finance have calculated this as a flat rate 3% per year?


    Or am I misreading or misunderstanding something?
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