We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Reclaim car finance
Options
whoneedsit
Posts: 1 Newbie
How do I know that the provider of my car finance will be honest and own up to the fact that my agreement included a DCA?
0
Comments
-
Because it would be fraud to say otherwise0
-
It isn't a children's playground. Telling lies to you would be fraud with potential imprisonment and fines going into tens of not hundreds of millions, depending on the scale.whoneedsit said:How do I know that the provider of my car finance will be honest and own up to the fact that my agreement included a DCA?
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Having a DCA agreement could actually mean you got a lower rate than otherwise, often known as a "Deal Saver" rate. These came into play when a canny potential buyer, offered an APR they didn't like, might say "I'm not paying that" and the dealer needing just a couple more sales to meet targets would come back with a lower APR.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards