over 3 weeks after deposit paid and still no new car
over 3 weeks after deposit paid and still no new car
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condor

Original Poster:

8,837 posts

264 months

Monday 3rd April 2017
quotequote all
Hi - I'm getting a bit stressed out now as I've paid a deposit for a brand new Fiat Punto on St Patricks day ( 17 March) and the car has been registered to the dealers ( not to me) on 28 March - I've signed the finance deal ( which I didn't want to do ) but was told I had to. to get 'the deal'.
I'm now paying £1.89/day interest with no car and my 14 days withdrawal period is ending soon - I'm going to cancel as I didn't want the finance in the first place.
But what do I do now? The finance company will still want their money -and I don't have a car , but there is one stuck in Bristol with my name on it!
Any ideas as to what I do next? ( I have chased the dealers and it's 'in Bristol')

Crafty_

13,651 posts

216 months

Monday 3rd April 2017
quotequote all
Cancel it, make sure the guy at the dealer running the sales team knows they lost a sale because they couldn't get their arse in gear.

condor

Original Poster:

8,837 posts

264 months

Tuesday 4th April 2017
quotequote all
I'm not sure it's that easy to cancel - It didn't occur to me that I would be waiting ages for the new car - more how to cancel the finance.
I've compained to Fiat UK and will wait and hear what they say about the situation.

anonymous-user

70 months

Tuesday 4th April 2017
quotequote all
when did you received your documentation. What did the salesperson actually say to you, as anything thing he said could be misrepresentation if he advised you would be getting the car the next day etc.

if you feel umbrage ask to raise a complaint, if no resource raise a complaint with the Financial Services Authority

sandman77

2,882 posts

154 months

Wednesday 5th April 2017
quotequote all
If you didn't want the finance why did you take out finance?

codenamecueball

689 posts

105 months

Wednesday 5th April 2017
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sandman77 said:
If you didn't want the finance why did you take out finance?
"We'll sell you the car without finance, but you'll pay £2500 more - just pay it off in the first two weeks and you'll still get the deal"

condor

Original Poster:

8,837 posts

264 months

Wednesday 5th April 2017
quotequote all
codenamecueball said:
sandman77 said:
If you didn't want the finance why did you take out finance?
"We'll sell you the car without finance, but you'll pay £2500 more - just pay it off in the first two weeks and you'll still get the deal"
That's nearly exactly what was said. I think it was £2000 more and no deposit contribution ( which was only £250 minus their admin fee of £150 = an extra £100 discount). Presumably that £100 they want to claw back with interest charges!
However I'm not paying the full amount without a car to show for it! I'm going round the dealership tomorrow to check it hasn't arrived ( and they're not telling me) and asking where it is/ how much longer I'm going to have to wait for it.



condor

Original Poster:

8,837 posts

264 months

Wednesday 5th April 2017
quotequote all
The Spruce goose said:
when did you received your documentation. What did the salesperson actually say to you, as anything thing he said could be misrepresentation if he advised you would be getting the car the next day etc.

if you feel umbrage ask to raise a complaint, if no resource raise a complaint with the Financial Services Authority
When I ordered the car on 17 March - I was told it would be registered at end of March ( which it was 28 March), I'd be asked to sign the finance documents and then the car would be made available to me when the finance company had received and checked the paperwork.
I'm going to visit the dealership tomorrow and hope to get some answers then.


superlightr

12,916 posts

279 months

Wednesday 5th April 2017
quotequote all
so you have paid all the money and you have no car?

What have the dealer said? I would expect to pay the funds a few days in advance so they can see its cleared and the finance to kick in on the day of purchase ie collection.

condor

Original Poster:

8,837 posts

264 months

Wednesday 5th April 2017
quotequote all
superlightr said:
so you have paid all the money and you have no car?

What have the dealer said? I would expect to pay the funds a few days in advance so they can see its cleared and the finance to kick in on the day of purchase ie collection.
No I haven't - I've paid £600 deposit on 17 March and signed a finance agreement last week which is currently costing me £1.89 /day interest. I have 14 days from signing finance agreement to withdraw ( which I will be doing) but then have to pay the full amount c. £7500 straight away. I don't want to pay that without even seeing the car as it's registered to the dealership and not me.

Mandat

4,265 posts

254 months

Wednesday 5th April 2017
quotequote all
Doesn't the finance agreement start on the day that the car is collected?

superlightr

12,916 posts

279 months

Thursday 6th April 2017
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condor said:
superlightr said:
so you have paid all the money and you have no car?

What have the dealer said? I would expect to pay the funds a few days in advance so they can see its cleared and the finance to kick in on the day of purchase ie collection.
No I haven't - I've paid £600 deposit on 17 March and signed a finance agreement last week which is currently costing me £1.89 /day interest. I have 14 days from signing finance agreement to withdraw ( which I will be doing) but then have to pay the full amount c. £7500 straight away. I don't want to pay that without even seeing the car as it's registered to the dealership and not me.
to clarify the finance agreement is paying all the balance to the garage -- thus the £600 deposit and balance paid by the finance company. - you now have a finance agreement to pay back the finance company which is separate to the garage. The garage has the total sale price of the car. You have no car. Something wrong there.

You thus should have the car in your hot sticky hands as the garage has got all of your money (which included the finance)

condor

Original Poster:

8,837 posts

264 months

Thursday 6th April 2017
quotequote all
I visited the dealership this afternoon to ask when my car was due to be delivered - was told it arrived yesterday evening with a grey Punto that I knew had been sold prior to mine. I then asked to see it and was shown my car with my name on it. At least I feel happier about things now.
I collect it Monday afternoon as it needs to be plated, washed, checked over etc.
My plan was to withdraw from the finance agreement Saturday or perhaps it would be better if I wait till after I collect it Monday afternoon.

HTP99

24,123 posts

156 months

Thursday 6th April 2017
quotequote all
condor said:
I visited the dealership this afternoon to ask when my car was due to be delivered - was told it arrived yesterday evening with a grey Punto that I knew had been sold prior to mine. I then asked to see it and was shown my car with my name on it. At least I feel happier about things now.
I collect it Monday afternoon as it needs to be plated, washed, checked over etc.
My plan was to withdraw from the finance agreement Saturday or perhaps it would be better if I wait till after I collect it Monday afternoon.
Well your 14 days to withdraw from the agreement expired 6 days ago, assuming you signed the agreement on the 17th when you ordered the car?

Mandat

4,265 posts

254 months

Thursday 6th April 2017
quotequote all
HTP99 said:
Well your 14 days to withdraw from the agreement expired 6 days ago, assuming you signed the agreement on the 17th when you ordered the car?
Presumably he means to settle it, rather than cancel.

HTP99

24,123 posts

156 months

Thursday 6th April 2017
quotequote all
Mandat said:
HTP99 said:
Well your 14 days to withdraw from the agreement expired 6 days ago, assuming you signed the agreement on the 17th when you ordered the car?
Presumably he means to settle it, rather than cancel.
From the OP:

condor said:
my 14 days withdrawal period is ending soon

condor

Original Poster:

8,837 posts

264 months

Thursday 6th April 2017
quotequote all
Apparently the forms I signed when I paid the deposit on Friday 17 March were to the garage agreeing to buy the car. The finance agreement I actually signed on 30th March is the one that gives me the right to withdraw within 14 days, but then I need to pay full amount to finance company. I'll ring them Saturday and find out the best way to settle up.

It's all very confusing, and for me that has only bought new once before 11 years ago ( when I chose the car and paid for it by debit card at the dealers) - I don't like the way you are forced to buy cars on finance nowadays.

Mandat

4,265 posts

254 months

Thursday 6th April 2017
quotequote all
HTP99 said:
Mandat said:
HTP99 said:
Well your 14 days to withdraw from the agreement expired 6 days ago, assuming you signed the agreement on the 17th when you ordered the car?
Presumably he means to settle it, rather than cancel.
From the OP:

condor said:
my 14 days withdrawal period is ending soon
Yes, but if the 14 day cooling off period expired 6 days ago, his only real option now is to settle, as cancellation is unlikely to be possible.

Crazy4557

701 posts

210 months

Thursday 6th April 2017
quotequote all
Who in their right mind would want to buy a new Punto. I thought they had been out of production many years ago!

condor

Original Poster:

8,837 posts

264 months

Saturday 8th April 2017
quotequote all
I paid off the finance earlier today under the 'right to withdraw' - was very simple, double checked the bank sort code and account number to pay via online banking.
Not received a confirmation email that the payment has gone through though.
Bit surprised that it was a different bank sort code from the direct debit instruction, queried it - but seems OK.
Changed insurance details to new car for when I collect this Monday afternoon - I got stung there! A massive hike in insurance for the couple of months left on my existing policy and a £25 admin fee!