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PCP Car Loan
WhoKnew2020
Posts: 1 Newbie
I was with my wife today and we rushed into a PCP car loan agreement. On reflection, it was a bad deal for us. I remember the car salesman said, we have a 14-day cooling-off period. After reading the agreement at home, we do have a 14-day cooling-off period, but she is still liable for the cost of the car's value if she says no. Is there anything she can do?
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Comments
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As presumably the sale was conducted on the dealers premise, there is no automatic right to change your mind. All you can do is work with the dealer and see if they will cancel the sale.1
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Ask the dealer to cancel the whole purchase and pay whatever penalty for doing so is in the agreement.0
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Is the issue that the car is a bad deal ? Or just the PCP ?If she still wants the car and can agree a cash price can she finance (personal loan etc) at a cheaper rate than the PCP ?
Is the car physical stock or is it an order to be built in future ?0
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