We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Car finance - change of mind

Pinkblue19
Pinkblue19 Posts: 10 Forumite
First Post First Anniversary
Hi,

Before the lockdown I went into Ford and ordered a new car. It hasn't been delivered yet with everything that has been going on. I paid a deposit. Now I know and am fine with not getting the deposit back, but can I cancel the order? The car was on PCP.

Thanks

Comments

  • neilmcl
    neilmcl Posts: 19,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    There are two elements to this, the purchase of the car and the finance. You have a statutory 14 day cooling off period with your finance so that's not an issue but that won't stop the car purchase. The dealer will likely cancel the order if it's not too far in but you will likely lose some or most of your deposit.
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
  • 348.8K Banking & Borrowing
  • 252.3K Reduce Debt & Boost Income
  • 452.6K Spending & Discounts
  • 241.7K Work, Benefits & Business
  • 618.2K Mortgages, Homes & Bills
  • 176K Life & Family
  • 254.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support 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.