Wednesday, May 26, 2010

Car Finance. We havent got the car yet & we just recieved the finance documents & the first

of this month. Surely not? We arranged with the dealership to be picking the car up around the middle of the month but to me that looks like they have been paid already and we should have just taken the car on the 1st. We decided to wait as there was no rush. So whats the deal with this? is this normal?



Car Finance. We havent got the car yet %26amp; we just recieved the finance documents %26amp; the first payment due 30th?

Your first direct debit payment should come out exactly a month after you applied for finance and signed the contract. that%26#039;s what always happens when i take out finance on cars.



Car Finance. We havent got the car yet %26amp; we just recieved the finance documents %26amp; the first payment due 30th?

Call the financing dept and confirm your suspicions and go get your new car!



Car Finance. We havent got the car yet %26amp; we just recieved the finance documents %26amp; the first payment due 30th?

You signed the Documents and I can bet that you will see that it says payments are to begin on a certain date. You chose not to pick up the vehicle, whereas if it had been a delay caused by the Dealer then there would have been some form of compensation and probably the payments starting on a different date. Understand that the space a vehicle occupies on a dealership%26#039;s lot costs MONEY. I doubt you have any choice but to make your first payment on the 30th.....go pick up your car!



Car Finance. We havent got the car yet %26amp; we just recieved the finance documents %26amp; the first payment due 30th?

no it is not normal and it is against the law to ask for payment until you have the goods. contact finance company explain the position. the first payment becomes due 28 days after delivery or the agreed date you have said you will pay the direct debit whichever comes first.



at some point in the future the question may arise date of purchase and in the circumstances you state confusion may arise sort it before you take delivery of the car



Car Finance. We havent got the car yet %26amp; we just recieved the finance documents %26amp; the first payment due 30th?

Your loan and your car are two separate things so whether or not you have your car won%26#039;t affect your loan in any way. Get your car! :)



Car Finance. We havent got the car yet %26amp; we just recieved the finance documents %26amp; the first payment due 30th?

Sorry that you had to get finance.



Do you know that until the last payment is made, you can%26#039;t actually call it %26quot;your%26quot; car? It belongs to the finance company. Also, as long as the car has outstanding finance on it, you aren%26#039;t actually allowed to sell it on until paid for? I fell into that trap a few years ago.



You should have taken out a loan instead to pay it out right. Good luck with the payments - what kind of car is it?

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