Unexpected Refund from Porsche (VW) Finance!!
Discussion
Paid off my finance agreement around a month ago and was waiting to receive the letter saying that they no longer have any title on the car.
Finally, received a letter today. Opened it up and it says the following:-
"During your agreement, we were obliged to provide you with account statements under the consumer credit act 1974. Unfortunately, we recently discovered that a number of these documents hadn't been issued on time, as a result of this, over the next seven days your account will be credited with £1,432"
Top result! I wonder if anyone else has received the same letter?
Finally, received a letter today. Opened it up and it says the following:-
"During your agreement, we were obliged to provide you with account statements under the consumer credit act 1974. Unfortunately, we recently discovered that a number of these documents hadn't been issued on time, as a result of this, over the next seven days your account will be credited with £1,432"
Top result! I wonder if anyone else has received the same letter?
dS!911wise said:
Congratulations on your windfall. Alas you have revealed your hand to the Ph moral guardians, and I now suspect you are only a few posts away for been berated for having a car you can't actually afford!
The smart people actually invest their money in things that make more money from their money. Most cars don't do that.
That didn't take long
I'm sure these types only turn up in these threads to make themselves feel superior in some sort of twisted way.
What's the point of tying up good cash in a car when rates are so low. Maybe it also helps people use their cash to get something they might enjoy?
I see a lot of people spend 911 finance levels of money on booze out each weekend especially in London and bigger cities and towns.
Each to their own I say no need to take a moral high ground on borrowing money!
Now, where's my letter?
I'm sure these types only turn up in these threads to make themselves feel superior in some sort of twisted way.
What's the point of tying up good cash in a car when rates are so low. Maybe it also helps people use their cash to get something they might enjoy?
I see a lot of people spend 911 finance levels of money on booze out each weekend especially in London and bigger cities and towns.
Each to their own I say no need to take a moral high ground on borrowing money!
Now, where's my letter?
PGM said:
That didn't take long
Dear me, are we a little slow in the Porsche forum or what?A man comes in to support the finance argument and he's castigated.
Original premise, don't waste money on cars buying outright. Invest cash, seek dividends and/or capital gain, offset finance payments and walk away a richer man at the end of the agreement.
The idea that you can't afford a car if you have to finance it is ridiculous.
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