PCP Finance Kia

Montymoozle

I ordered a Kia Niro a few months ago and got approved for PCP finance. Placed £1k deposit. Anticipated delivery end of November, explained i am away abroad until mid November - so if early they said they would just hold it until i could collect.
Received a call last week that it will be with the dealer end of October. Reminded them I am away until mid November and they confirmed would hold. (My car which is with me overseas is also my deposit /part exchange and can’t get exact figure on this until I return)
Now they have messaged me saying I have to sign finance by end of this month as:  “we have to get all cars registered by the end of the month that are in the country as holding up registrations will hold up further factory production”.
Is this the case? Or can I sign PCP finance when I return before collection? I am not keen to sign yet as don’t know figure on my car and want to maximise my deposit to keep finance lower. Any help/guidance on this appreciated.

Grumpy_chap

Montymoozle said:

I ordered a Kia Niro a few months ago and got approved for PCP finance. Placed £1k deposit. Anticipated delivery end of November, explained i am away abroad until mid November - so if early they said they would just hold it until i could collect.
Received a call last week that it will be with the dealer end of October. Reminded them I am away until mid November and they confirmed would hold. (My car which is with me overseas is also my deposit /part exchange and can’t get exact figure on this until I return)
Now they have messaged me saying I have to sign finance by end of this month as:  “we have to get all cars registered by the end of the month that are in the country as holding up registrations will hold up further factory production”.
Is this the case? Or can I sign PCP finance when I return before collection? I am not keen to sign yet as don’t know figure on my car and want to maximise my deposit to keep finance lower. Any help/guidance on this appreciated.

This sounds like the Dealer simply trying to ensure their monthly sales figures are achieved.

You can't sign this month anyway as you are out of the country.

Why would you want to have the car registered and start ageing for the fortnight while you are not able to take delivery?

Montymoozle

Hi Grumpy_chap said:

Montymoozle said:

I ordered a Kia Niro a few months ago and got approved for PCP finance. Placed £1k deposit. Anticipated delivery end of November, explained i am away abroad until mid November - so if early they said they would just hold it until i could collect.
Received a call last week that it will be with the dealer end of October. Reminded them I am away until mid November and they confirmed would hold. (My car which is with me overseas is also my deposit /part exchange and can’t get exact figure on this until I return)
Now they have messaged me saying I have to sign finance by end of this month as:  “we have to get all cars registered by the end of the month that are in the country as holding up registrations will hold up further factory production”.
Is this the case? Or can I sign PCP finance when I return before collection? I am not keen to sign yet as don’t know figure on my car and want to maximise my deposit to keep finance lower. Any help/guidance on this appreciated.

This sounds like the Dealer simply trying to ensure their monthly sales figures are achieved.

You can't sign this month anyway as you are out of the country.

Why would you want to have the car registered and start ageing for the fortnight while you are not able to take delivery?

This is what I wondered too. It really doesn’t feel like it’s in my interest at all. Thanks for your thoughts on it.