Ordered a car from Arnold Clark on finace. Does this mean I've got it?

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  • Conners2019
    Conners2019 Posts: 9 Forumite
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    Okay well hope i get accepted then, It never said anything about incase finace is rejected etc. It was just the monthly payments etc. But I'm sure there is a 7 day cool down peroid to opt out.
  • DoaM
    DoaM Posts: 11,863 Forumite
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    There's a 14 day cooling off period for finance. There's no such cooling off period for an in-store purchase, unless the T&Cs of the purchase (not finance) contract allow for such cancellation.
  • Aylesbury_Duck
    Aylesbury_Duck Posts: 14,138 Forumite
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    Conners2019 wrote: »
    Okay well hope i get accepted then, It never said anything about incase finace is rejected etc. It was just the monthly payments etc. But I'm sure there is a 7 day cool down peroid to opt out.
    That must be the bit of the contract you read. You'll be fine then.
  • loskie
    loskie Posts: 1,761 Forumite
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    Have you visited the dealership in person?

    If not you should be able to cancel the deal under Consumer Contract Regulations.
    https://www.which.co.uk/consumer-rights/regulation/consumer-contracts-regulations
  • Conners2019
    Conners2019 Posts: 9 Forumite
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    Thank you everyone. Not sure if i will be accepted but we will have to wait and see.
  • tonyh66
    tonyh66 Posts: 1,736 Forumite
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    Conners2019 wrote: »
    Thank you everyone. Not sure if i will be accepted but we will have to wait and see.

    Do you know what the insurance will be on your new car? Just asking.
  • Aylesbury_Duck
    Aylesbury_Duck Posts: 14,138 Forumite
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    tonyh66 wrote: »
    Do you know what the insurance will be on your new car? Just asking.
    A 20 year old on a £9k Audi? No more than £200 I'd have thought.
  • unholyangel
    unholyangel Posts: 16,863 Forumite
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    I remember being quoted a wide range when I was a similar age. Bottom was around £700 I think and top was over £4000 :eek: - they sometimes do it if you're not their target demographic. Give a very inflated price so you're not tempted to take it. You might not go with the cheapest (especially if they're no frills) but you're not going to go the most expensive.

    My insurance is much cheaper now. Even with a much better car :rotfl:
    You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride
  • Conners2019
    Conners2019 Posts: 9 Forumite
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    On my 3L audi quattro im £90 a month so im assuming it will be cheaper. I got a email just now also saying thanks for ordering the car so hopefully ive been accepted.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    Conners2019 wrote: »
    On my 3L audi quattro im £90 a month so im assuming it will be cheaper.
    No, you're paying £1,080/year for your annual insurance policy.

    You just happen to have taken a finance product that allows you to spread the cost of that thousand pound insurance.
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