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Darren · 1st May 2008, 00:35

Hi,

I've felt compelled to join the forum after reading this thread. I am now driving my second Civic (previously a Type S GT, now a Type R GT) and loving every minute!

I don't want to give too much away, but I am a Manager in a High Street Financial Institution, and yes you do have rights. Strictly speaking because you 'signed' on trade premises you do not technically have a right to cancel, but you should have been given a physical copy of the agreement when you 'signed' regardless of whether it is in ink or PDA. The finance rep has therefore broken the rules. If you went to court, the whole agreement could be unenforceable - but you do not want to go down that route

You have been mis sold the agreement, and both the dealer and the Finance company are in breach of regulations (Consumer Credit Act). Take the vehicle (and the copy agreement) back straight away, and ask for the contract to be cancelled - Saturday afternoon at 3.00 is always a good time to visit!

Make a fuss, and if they won't play ball, go straight to Trading Standards (and tell them you are going!) Neither Honda or the Finance Company will want this. Your high street bank (plug, plug) should be able to beat 13.8%, so you could always try to sort the finance out down this route, as an alternative.

Don't forget you are in the stronger position. If the dealer takes the car back, it now has three owners - so they will want to help. Push for some compensation, or a competative interest rate.

Good Luck!

1st May 2008, 00:35	#22 (permalink)
Darren Valve Cap Join Date: 1st May 2008 Location: Bromsgrove, UK Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Hi, I've felt compelled to join the forum after reading this thread. I am now driving my second Civic (previously a Type S GT, now a Type R GT) and loving every minute! I don't want to give too much away, but I am a Manager in a High Street Financial Institution, and yes you do have rights. Strictly speaking because you 'signed' on trade premises you do not technically have a right to cancel, but you should have been given a physical copy of the agreement when you 'signed' regardless of whether it is in ink or PDA. The finance rep has therefore broken the rules. If you went to court, the whole agreement could be unenforceable - but you do not want to go down that route You have been mis sold the agreement, and both the dealer and the Finance company are in breach of regulations (Consumer Credit Act). Take the vehicle (and the copy agreement) back straight away, and ask for the contract to be cancelled - Saturday afternoon at 3.00 is always a good time to visit! Make a fuss, and if they won't play ball, go straight to Trading Standards (and tell them you are going!) Neither Honda or the Finance Company will want this. Your high street bank (plug, plug) should be able to beat 13.8%, so you could always try to sort the finance out down this route, as an alternative. Don't forget you are in the stronger position. If the dealer takes the car back, it now has three owners - so they will want to help. Push for some compensation, or a competative interest rate. Good Luck!