Hi I have just purchased a new car from a dealers which involved part exchanging my previous car which was on a PCP. On the new car purchasers declaration they put down a settlement figure and they worked out the remaining deposit that I needed to pay along with new PCP figures.

I paid the remaing deposit and collected the new car. However I have now received a letter from the finance company for my previous car which says the settlement figure is £623 less than the figure that they put down on the declaration form. Does this mean that the dealer (or finance) company should repay me the £623?

Any car salesman / finance experts or people who have had same issue?

Thanks

 

Get in contact with the dealer and see what they say. As they normally settle the full outstanding balance of your exsisting finance and then as you say either transfer or you pay the difference.

Hth

Doug

 

i had a real **** with mine, I bought it just as i was due to pay another chunk off, so i stopped the payment as the settlement was based on me not paying that chunk.

The dealer didnt pay up for 3 weeks hence it all kicked off

anyway sorted now but im wiser since that