|
1. an illustration prior to agreeing.(Key Facts Illustration)
2. the signed agreement will be a standard form which contains all the facts such as interest rate - must be APR, total amount payable etc.
It sounds more like an inept sales department rather than fraudulant practice.
The person who explained and sold the finance to you MUST be FSA approved.
What concerns me more is that the figures you quote include a Min Gauranteed Val. This would indicate it's a PCP deal and not straight finance, meaning:
1. The car belongs to Black Horse until the final payment
2. The terms and conditions will probably dictate the car must be serviced on time and at a franchised dealer (PCP deals are not covered by block excemption laws)
3. There will be an annual mileage limit on the car.
Again all this information will be in a standard credit agreement you must sign before agreeing.
|