re Car Finance Hidden Commission Reclaim

ph62692

Within the time frame I was offered an early repayment finance deal at my Land Rover Dealership as a way of  "earning more discount".
The idea was I would agree to a Black Horse finance deal at 5.9% interest on part of the money to be paid, with the intention that I would repay the whole of the loan after making I think 2 or three payments. Which I did.
Might I still qualify.

GrumpyDil

Just to be clear. Are you saying the dealer suggested you took out finance to get a dealer contribution and advised you that settling it early meant you got to keep the contribution but would only pay minimal interest?

Somehow, in that situation I doubt they would inflate the interest rate (5.9 doesn't sound horrendous) and if only 2 or 3 months how much interest do you think was involved? 

Nasqueron

Please note that there is no "reclaim" of "hidden" commission - commission does not need to be declared, it's only if they used the DCA model AND gave you a higher APR than you could have qualified for in order to get more commission. 5.9% for car finance is a good deal, particularly given you repaid so quickly. Even if they used DCA, you're looking at paying very minimal sums for 2-3 months at most.

Note to be clear - you are not able to "reclaim" the commission the dealer got