Finance Advice

[Stefan_Wood]

So i bought a new car the other day well i say bought, i put a deposit on it to pick up this saturday. Have had a few problems with the dealer at first my total amount repayable was 6359, so i left a deposit, dealer said i have to wait till sat as he will be getting the wheels refurbed but now i have to pay if i want them done so i said no. But moving on he then said that total amount repayable was 6499 then the next day it was 6712. I feel like they are mugging me off as ive already left a non refundable deposit.. What should i do ?

Thanks

Edit: The only thing i have that proves the original price is
http://img708.imageshack.us/img708/6963/68183505.png

[wadoryu]

Go there, ask why it's gone up. If they don't sort it go to citizens advice.

[Yates]

Surely you had an agreement when you left a deposit, something wrote down?

[Stefan_Wood]

Go there, ask why it's gone up. If they don't sort it go to citizens advice.

I havnt got any documents or anything signed yet just a recipt for the 200quid deposit, the car is 208miles away at a lotus dealership so i assumed all would be well.

[saxo_singh]

Mad guy, should of got it all in writing first before handing over any money.

You pay by credit card?

[Stefan_Wood]

Mad guy, should of got it all in writing first before handing over any money.

You pay by credit card?

Yeppp, The thing is the dealership sells like 60k cars and has a very good reputation so assumed nothing of it.

I let my mother handle it all, that is probly were i went wrong

[Prickle]

208 miles away..?

[Stefan_Wood]

208 miles away..?

Its in newcastle im in birmingham.

[Yates]

Don't get why you never got it all wrote down, what's left and what you paid?! If I pay for something for 100 I get it wrote down!

So there's no record of u even paying deposit

[Stefan_Wood]

Don't get why you never got it all wrote down, what's left and what you paid?! If I pay for something for 100 I get it wrote down!

So there's no record of u even paying deposit

We had a agreement to pay what it says on the site, the deposit was left and a email recieved with the receipt on.

[Yates]

So it says price?

[Stefan_Wood]

So it says price?

Just says in short £200 left to hold the astra £1800 deposit remaining.

Nothing about the final price and repayments

[baker556]

Just say you paid what you agreed which is on the website and if not you won't buy the car and want a refund of the deposit simple really.

[Stefan_Wood]

Just say you paid what you agreed which is on the website and if not you won't buy the car and want a refund of the deposit simple really.

Problem is its a long drive there, but i will defo be going saturday and if worse comes to worse i will pay the cash asking price and forget about the finance.
Shame as i was trying to save :n:

[Yates]

Fax and email

[LSOfreak]

get on the old blower and tell him to stop messing about. You had a deal, a contract (verbal or written) that you will pay a deposit and then the agreed balance when you go pick it up (i presume).

Once something changed from the initial deal that you've both agreed to, then its not valid anymore. Really, the deal could have been voided if the wheel refurb was agreed into the price, but you didn't seem to bothered with that...

Anyways, DON'T pay them anymore than you agreed to and get your money refunded. Non-refundable deposits are a load of bollocks anyway, ofcourse they can refund you if they change the deal

[GTuff]

I havnt got any documents or anything signed yet just a recipt for the 200quid deposit, the car is 208miles away at a lotus dealership so i assumed all would be well.

how to not buy a car

why did u get fineance from them you should have gone to nationwide etc got a loan then gone to the dealership with cash !

[Stefan_Wood]

how to not buy a car

why did u get fineance from them you should have gone to nationwide etc got a loan then gone to the dealership with cash !

Finance worked out better than a loan, i have the cash to buy the car but i am saving for a house and didnt want to see all my savings gone.

[LSOfreak]

buying an expensive car on finance still isn't a wise choice if you're saving for a house lol

Buying a house is expensive

[baker556]

buying an expensive car on finance still isn't a wise choice if you're saving for a house lol

Buying a house is expensive

6k car finance is nothing really i have mates that have paid much much more 80% of cars on the road are on finance. Basically 80% of cars are not owned by said person but by the finance company something they shall never get their head around "its my car".

[Graeme]

Hahaha no way...my mate bought a Clio 182 from that garage last year! They seemed pretty good if I'm honest

We traveled 100 miles there to get it aswell

Seems to me like someone has made an error on the original price and is trying to make up for it

[makaveli144]

6k car finance is nothing really i have mates that have paid much much more 80% of cars on the road are on finance. Basically 80% of cars are not owned by said person but by the finance company something they shall never get their head around "its my car".

Still doesnt make it a good idea when looking to buy a house and could impact the chance of getting a mortgage, especially for a first time buyer.

Any way, is the car still listed up for sale? Also I quote

The existing law on deposits, as confirmed by the Consumers' Association and the National Consumer Council, is that once you pay a deposit you have entered into a contract binding on both sides.

So if they are changing the amount repayable then they have broken the contract, have they given a reason for changing the amount repayable, have you queried it?

And why have you bought an Astra from 200 miles away, there is a gazillion of them around and if anything goes wrong how are you going to get it back to the dealer?

[Manu]

For sums above £150 paid for with a credit card: you can call the CC company and explain how you are being taken for a ride. On their end they can cancel your deposit and take it from there. Changing the price after a deposit has been left is a breach of contract.

Seen a few crooks before, always walked away wondering what else is wrong with the car.

[welshpug]

£500 cars ftmfw.

[hellonpluto]

the recipt should state if you've left a deposit and the total remaining to pay.

[0rang3peel]

If you paid by CC you should be able to get the non refundable deposit back via the card company

[makaveli144]

If you paid by CC you should be able to get the non refundable deposit back via the card company

Not necessarily, the card company will want confirmation that you are entitled to it back, so you will need to provide some sort of proof.

[stupotvtr]

Ask the dealer what the script is before you go to credit card companies citizens advice and all that jazz. Maybe a misunderstanding on your part or theirs.

Get in touch with them instead of asking on here tbh mate

[Stefan_Wood]

UPDATE: Of the final price of interest is now £717 and its staying at that by the looks of it, i have contacted trading standard also.
The garage have said there is a documentation fee and thats why the price has gone up as it wasnt included in the orginal price.

[Brettles1986]

UPDATE: Of the final price of interest is now £717 and its staying at that by the looks of it, i have contacted trading standard also.
The garage have said there is a documentation fee and thats why the price has gone up as it wasnt included in the orginal price.

Hate it when companies add stupid fees.

"I have to fill in a few forms so that's going to be £50 extra"

[Stefan_Wood]

Hate it when companies add stupid fees.

"I have to fill in a few forms so that's going to be £50 extra"

Its horrible, and stupid.

New plan as a nationwide customer i get a good interest rate on loans and instant payment to my account so going down the loan route.

Works out i only pay a extra 300quid off a loan of 4k over 18months with no early repayment fee's.

So still going for the car on sat going to just pay cash and get out of there.

Thanks for all the help

[Carl-h]

Why are you having a loan if you have the money in the bank? Your wasting money. Instead of paying a loan just pay the money back into your savings account.

That's if you actually have the money of course. Just seems stupid that your taking out a loan when you have the money.

[Stefan_Wood]

Why are you having a loan if you have the money in the bank? Your wasting money. Instead of paying a loan just pay the money back into your savings account.

That's if you actually have the money of course. Just seems stupid that your taking out a loan when you have the money.

If my mrs was to see the saving for the house gone she would go off on one

[welshpug]

sod buying a car then, stick with the 306.

[dondan]

Why are you having a loan if you have the money in the bank? Your wasting money. Instead of paying a loan just pay the money back into your savings account.

That's if you actually have the money of course. Just seems stupid that your taking out a loan when you have the money.

It's a positive move when building a credit rating to take out a small personal loan and pay it back on time etc whilst maintaining and building upon savings.

Its a much better option than paying outright for a car if he's crunched the numbers and it's within affordability.

[Carl-h]

99.9% of the time, your better off having less money in the bank and debt free than money in the bank but high debts. The only time debts pay is if they are 0% in which case your better to have the money in the bank.

With the credit rating thing, I agree. I have a credit card that I just pay for fuel with (£200 a month) and pay it off in full via direct debit just to boost my credit rating.

If I already had the savings ready to move into a house the last thing I'd want is to be repaying a loan.

[dondan]

Your understanding of what's "best" differs from my own tbh Carl, I can only speak from my experience and knowledge in the field :).

[e8_pqck]

Having a loan when applying for a mortgage goes against you so don't expect to be buying houses while your paying it off.

I don't know why your buying a newish car when your saving anyway. Just buy a shed for a few hundred quid, keep your eye on the real prize.

I just bought a house, my cars were all sheds, currently borrowing my ex's 03 fezza. Yet I could go and buy Porsche with the cash in the bank, but that's not going to help with the house purchase!

[saxowebby]

for starters I wouldn't spend 6k on an astra. Get a loan from the bank and buy a german car. No finance on the car then and after a couple years when you want to sell it a german car you wont be that much worse off but the Vauxhall will be a huge loss

[LSOfreak]

6k car finance is nothing really i have mates that have paid much much more 80% of cars on the road are on finance. Basically 80% of cars are not owned by said person but by the finance company something they shall never get their head around "its my car".

that doesn't make it a good thing just because everyone else is doing it

as e8_pqck says, i'd buy a cheap shed if i were saving for a house

[Stissy]

Finance worked out better than a loan, i have the cash to buy the car but i am saving for a house and didnt want to see all my savings gone.

excellent move. loans for cars cause so much shit it's unreal.

If its already gone through - check Cperian, they will tell you exactly how much you owe (including the interest) after that, phone up the company that are giving you the finance and ask for a settlement figure. Then you'll know exactly how much you've paid.