Finance matter

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Discussion

jonesof63

Original Poster:

947 posts

137 months

Monday 30th March 2015
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A bit of advice Gentlemen please....... My sister took a call from her Honda dealer some weeks ago offering her a drive in drive out deal with no increased payments on her 18 month old CRV, to cut to the chase the new car is now delayed but they wanted a March delivery for their sales figures. It transpires today that the dealer has settled the 18k outstanding finance already in order to create a new finance deal but my Sister has signed nothing, she hasn't even been in to the dealership which is 40 miles away. So as things stand they've settled her finance and she still has the vehicle with a delayed delivery date........Seems a complicated situation if she doesn't go ahead or the car should be involved in an accident ?

jonesof63

Original Poster:

947 posts

137 months

Monday 30th March 2015
quotequote all
It seems wreckless as you say. My thoughts were with no delivery date set in stone for the new car and the fact that they appear to have taxed the new car for march then they have committed on their side, settled the finance in order to establish a new agreement dated in march with no physical car. In conclusion they have settled the finance on a car not in their possession and with no legal entitlement .

jonesof63

Original Poster:

947 posts

137 months

Monday 30th March 2015
quotequote all
Without wishing to sound like a villain those were my thoughts Northern Chimp

jonesof63

Original Poster:

947 posts

137 months

Monday 30th March 2015
quotequote all
Thanks for your help chaps..... My understanding is this : The current car is 18 months in to a 3 year pcp type deal, the new car was to be a new 3 yr agreement at the same payment, they stated the car was been sold practically at cost in order to hit March override targets and had to be signed sealed and delivered in march. The dealership called her with the offer. Oddly enough the salesman has left since this was arranged, the whole thing has been verbal. It does appear the finance is settled ! My sister seems to recall they settled the previous CRV in advance of delivery which was in 2013 and in a similar month end deadline scenario

jonesof63

Original Poster:

947 posts

137 months

Monday 30th March 2015
quotequote all
I will report back as things develop, thanks for the input.....

jonesof63

Original Poster:

947 posts

137 months

Tuesday 31st March 2015
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johnnyBv8 said:
Why do people always want to screw/exploit a situation - so, you thought you'd try to steal £18k from someone? Nice.

Another way of approaching it: perhaps just need to get the paperwork signed?!
Steal no, my sister is a decent woman, my issue is they have settled the finance but don't have the replacement vehicle they promised, they cannot commit to a date having promised March delivery, they have obviously tried to fool Honda UK in order to achieve targets. With all due respect JohnnyBv8 there appears to be only one dishonest party here.