Mk3 and cancelling SEAT finance

[unclelonghair]

Probably an anti-fraud measure. If you are collecting the car they can check and validate your identity, but if the car is being delivered they don't have that opportunity.

 

[dephead2004]

Now wouldn't this be helpful?
http://www.volkswagen.co.uk/owners/track-my-order

 

[skidpan]

The dealer is making me wait 14 days after I signed the finance document before they'll release the new car. Since it's the 0% APR finance deal, it's hardly the case that I would go somewhere else... pretty dumb I think!

Dealer claims it's a Seat Finance company requirement... although they also stated it doesn't apply if I pick up the car in person (vs. having it delivered by lorry as previously agreed).

In the end, I don't care about the 2-week delay; but wonder if this is something new against people who are cancelling their PCP early?

I collected in person, mid June. It was a brokered deal. Signed finance papers at about 10.00 am, drove away at 1.00 pm.

You can still cancel after the 14 day period but unfortunately it will cost you a bit more in interest. You will still save loads.

 

[dimucci`]

Bought the car and signed the papers two days ago (7th July), phoned SEAT Finance to cancel the plan today and got through immediately. Helpful lad told me I'd have to pay the extortionate sum of £1.74! Written confirmation on its way and thirty days in which to pay by cheque or bank transfer.
So, my saving was only £998.26. Bah, humbug.

 

[andrewpain]

steve - think the rain sensing wipers are how you switch them on. flick it up to normal, then down to off, then up again and the auto function should cut in.

 

[class2ldn]

So for the guys that have had to get a seperate loan to pay off the finance isn't this a bit risky? In the way that obviously you'd have to have a credit check for the finance and then another one for a seperate loan. Didn't think it would go down well if youre applying for a loan a very short time after getting the finance.

 

[DaFoot]

So for the guys that have had to get a seperate loan to pay off the finance isn't this a bit risky? In the way that obviously you'd have to have a credit check for the finance and then another one for a seperate loan. Didn't think it would go down well if youre applying for a loan a very short time after getting the finance.

I wouldn't want two searches that close together on my credit record, however if I wasn't thinking about changing mortgage in the year or two I wouldn't be so bothered.

 

[class2ldn]

Well that's the thing there's no guarantee of getting the loan is there so you'd be lumbered with the finance I guess.
I pay to check my credit and it's excellent but not sure I'd risk that

 

[DaFoot]

Interestingly, I took out a hefty bank loan to pay for my new Leon. The one credit search for that loan by my bank reduced my excellent rating to a fair. It'll be interesting to see how quickly it goes back up.

Given 1 loan of that size had such an impact, I wouldn't be surprised if a second application in a short time were refused.