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Mobilize Financial Services - no commission paid
Anyone else had the same response? Was that the norm for Nissan dealers around 2016?
Comments
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I had HP finance for Nissan Finance also via Mobilize (previously RCI Financial Services Ltd)
I received an acknowledgement last week via email which states (snip below)
These temporary rules only apply if your Motor Finance Agreement meets the following criteria -- Your Agreement started before 28th January 2021 and was on a Hire Purchase (HP) Agreement, including Personal Contact Purchase (PCP) and
- There was a DCA in place between us and the supplying dealer.
So perhaps some dealerships had DCA in place and some didn't would be my guess?Aim:12mth Emergency Fund -> £8441/£16152 (52%) Aim 2: Mortgage Overpayment -> Paused until other aim fulfilled.1 -
There isn't a "norm" really, if your deal didn't have DCA then you weren't miss-sold. Others might have it but whether they do or not doesn't change your situation as you have been told you didn't have itThorOdinson said:Had finance for a Nissan via Mobilize Financial Services, then by another name. They are saying that no commission was paid, so there is no claim.
Anyone else had the same response? Was that the norm for Nissan dealers around 2016?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Was that the norm for Nissan dealers around 2016?There is no norm.
Some dealers would use it with specific car launches (lower the interest rate to promote the sale) where it would be model specific. Some would use it to help meet quarterly purchase targets (lower the interest rate to promote sales). Some dealers had it available but didn't use it. Some wouldn't have had it available.
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 -
I suppose you have to take their word for it.0
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Not really, they would face huge fines (see £20m for Clydesdale Bank for lying about having PPI records) if they told you that you didn't and evidence showed they did. You were not miss-sold, you got the finance you qualified for so surely that is a good thing?ThorOdinson said:I suppose you have to take their word for it.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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We shall see I suppose. It was a decent finance deal, I just have little trust in them.0
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That or accuse them of fraud and present your evidence of itThorOdinson said:I suppose you have to take their word for it.0 -
I had 2 with them and same response1
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