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Mis-selling car finance

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Comments

  • Nasqueron
    Nasqueron Posts: 11,776 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    If it was a Toyota dealership and Toyota finance then it removes the "unfair relationship" case and you are just reliant on DCA

    The question is what records they have say for someone else who used the same dealership and same finance - if they know others were affected then they might be forced to assume you had it and get paid out. Equally if they know they didn't use DCA in that agreement then you wouldn't get anything

    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.

  • Fedupfanny
    Fedupfanny Posts: 11 Forumite
    Part of the Furniture Photogenic First Post Combo Breaker

    Thank you for this information what is DCA?

  • Nasqueron
    Nasqueron Posts: 11,776 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    DCA is what this whole bandwagon is about - where dealers could vary the interest you get offered on finance so they got more commission

    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.

  • Fedupfanny
    Fedupfanny Posts: 11 Forumite
    Part of the Furniture Photogenic First Post Combo Breaker

    Thank you.

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