Quote:
Originally Posted by parkers142
Was the car a pre-reg you being second owner after Honda? If not then the car must be new.
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yeah it was a pre-reg (Im new to buying cars first ever one)
Got the phone call from the Dealer (17:45) who informed me he had spoken to Black Horse and would phone me tomorrow to give me more details.
There was no 'paper' involved, only the receipts for my deposit. I signed a PDA machine. The APR was never, repeat, never given to me, and in turn I never asked (as I wrongly assumed). If the dealer had said that the APR was 13.8% then I would have taken out the barclays pre approved loan and gone back and bought it outright.
I want to keep the car, I agreed the price and I agreed the repayments, but its the final payment which sucks £10,826.00. If that was more like £8,800 then ok.
To clarify a bit..
Cost of car : £18,670 (Honda Civic Type R GT, Black paint, no extras, no Gap and no Diamondbrite.)
Deposit : £6,000
Credit : £12,670
35x payments : £181.87
GFV (or final payment) : £10,826.00
Total amount payable : £23,373.32
Total charge for credit : £4,703.32
Will post what the Dealer has done later tomorrow, he did say he didn't want to fall out with me, ahhh sweet. Oh before I forget, the Gap insurance and the Diamondbrite deals were explained in
great detail (wonder why?). Thank-you to everyone for their fantastic help I really do appreciate it
