Buying a new car using PCP

AuntyMaisy

I am in the process of buying a new VW car and have been offered a PCP. What was strange was that the salesperson could not provide me with the terms and conditions for the PCP and told me that I could only see the terms once I had paid the deposit and signed the agreement. Whilst he said the deposit is refundable I was very surprised to learn that you can only see the terms once you have paid a significant amount of money. Is this right? It seems odd.

sheenas

I went though Admiral Car Finance and got all the paper work up front. If you sure you want the car then by all means put a small deposit down and maybe get the finance cheaper elsewhere.

MEM62

What was strange was that the salesperson could not provide me with the terms and conditions for the PCP and told me that I could only see the terms once I had paid the deposit and signed the agreement.

I cannot think of a better reason to walk away.

eschaton

Walk away.

Would you give Tesco £100 for shopping and only find out what you’re getting for your money after you leave the store?

martinbainbridge1975

1 word - dodgy!

I used Anglo Scottish who put me through BNP/Creation

VW Finance are expensive historically by 2-3%

You should be given a PCCI document before signing - pre contract credit information, written quotations should also be provided upon request.