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Withdrawing PCP
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Collected a car this week from dealership on PCP and wanting to withdraw from finance and pay it off in the 14 day window. I was given a explanation document, a pre-contract credit information sheet, affordability notice and GDPR stuff, as well as an invoice for my car. I cannot seem to find an agreement number which is what I would presume the finance people would want. I am going to ring tomorrow, as they are closed at the moment so will find out then. In the meantime, does anyone else know where to find the agreement number rather than just call the dealership? The finance is with Kia, thanks
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You should've also got a copy of the finance agreement of which you would've signed and read presumably. If not contact the dealership.0
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neilmcl said:You should've also got a copy of the finance agreement of which you would've signed and read presumably. If not contact the dealership.0
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Don't forget it's not your car. You don't own it. You've not bought it on finance, so cancelling the finance won't leave the car in your ownership...
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AdrianC said:Don't forget it's not your car. You don't own it. You've not bought it on finance, so cancelling the finance won't leave the car in your ownership...0
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Nuggy96 said:AdrianC said:Don't forget it's not your car. You don't own it. You've not bought it on finance, so cancelling the finance won't leave the car in your ownership...0
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AdrianC said:Nuggy96 said:AdrianC said:Don't forget it's not your car. You don't own it. You've not bought it on finance, so cancelling the finance won't leave the car in your ownership...0
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You're confusing HP with PCP.
Sure, they may offer you the option to buy the car from them as part of the settlement - but that would be outside your statutory rights.0 -
AdrianC said:Nuggy96 said:AdrianC said:Don't forget it's not your car. You don't own it. You've not bought it on finance, so cancelling the finance won't leave the car in your ownership...
If you pay the full settlement you own the car. I did this last year. I took out a PCP to get the finance contribution and free service and then I settled the amount in full a few weeks later.
Its no different to any other loan.
Are you confusing it with lease or PCH?0 -
Thanks DrEskimo, decided to stop arguing over it as I know what was true. I rang the finance people today who gave me the agreement number and paid and withdrew. thanks for your help on my previous post about this Eskimo1
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