Discretionary Commission Arrangement

Audiowner

I used The MSE template for my two VWFS agreements taken out in 2017 and 2021.
VWFS contacted me back to confirm that a discretionary commission arrangement was NOT used on my agreement.

But the interest rate on my 2017 agreement was 6.03 %

And on my 2021 agreement 4.55 %

Do I have a case to investigate further ?

DullGreyGuy

Audiowner said:

I used The MSE template for my two VWFS agreements taken out in 2017 and 2021.
VWFS contacted me back to confirm that a discretionary commission arrangement was NOT used on my agreement.

But the interest rate on my 2017 agreement was 6.03 %

And on my 2021 agreement 4.55 %

Do I have a case to investigate further ?

and? VW are charging 7.9% right now on a Passat what's your point?

If you are saying in 2017 the advertised rate was 5% and they charged you 6.03% and given they have confirmed no DCA was involved it just means they thought you were a less than perfect risk

MattMattMattUK

Audiowner said:

I used The MSE template for my two VWFS agreements taken out in 2017 and 2021.
VWFS contacted me back to confirm that a discretionary commission arrangement was NOT used on my agreement.

But the interest rate on my 2017 agreement was 6.03 %

And on my 2021 agreement 4.55 %

Do I have a case to investigate further ?

You can keep asking if you want, they will keep saying no. No one is going to investigate. 

dunstonh

Do I have a case to investigate further ?

Do you have evidence to suggest that the finance company have committed fraud?

Ciarahoy

Hi my husband had finance with barclays partner finance, close brothers and dacia finance. Barclays have came back and confirmed the discretionary commission was applied to his finance, close brothers have acknowledged email but I have no contact details for Dacia finance. Does anyone know if they are involved and if so, would they know the contact details to get in touch. Many thanks for reading 

Nearlyold

https://www.dacia.co.uk/mobilize-financial-services.html

Ciarahoy

Nearlyold said:

https://www.dacia.co.uk/mobilize-financial-services.html

Thank you!!