When to pay remaining deposit?
When to pay remaining deposit?
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Discussion

Chainedtomato

Original Poster:

780 posts

133 months

Tuesday 18th October 2022
quotequote all
I’ve not taken out a new PCP for a while so a little rusty on the process

Brand new car on pcp and I’ve paid a small deposit to ensure the car is mine. Dealer will setup the new pcp finance agreement and I need to pay the remaining deposit amount.

Do I pay this on collection day or prior? It’s just under 2 weeks away and the dealer is suggesting I pay now, which I don’t think I will.

Just checking what others do in this situation

- no px

alscar

9,215 posts

241 months

Tuesday 18th October 2022
quotequote all
Isn't it usually " cleared " funds by collection so a few days pre doesn't sound unreasonable -a couple of weeks does.

Chainedtomato

Original Poster:

780 posts

133 months

Tuesday 18th October 2022
quotequote all
alscar said:
Isn't it usually " cleared " funds by collection so a few days pre doesn't sound unreasonable -a couple of weeks does.
Good point, to be honest I was just expecting to pay via card there and then at collection

nvubu

1,184 posts

157 months

Tuesday 18th October 2022
quotequote all
For both my new cars this year I paid the balance of the deposit on the day before, by bank transfer - they wouldn't allow pay by card on the day, but they did 3 years ago.

Chainedtomato

Original Poster:

780 posts

133 months

Tuesday 18th October 2022
quotequote all
nvubu said:
For both my new cars this year I paid the balance of the deposit on the day before, by bank transfer - they wouldn't allow pay by card on the day, but they did 3 years ago.
Interesting, as it’s been a while I’m must be out of the loop on how it’s done these days

Thanks

g40steve

1,225 posts

190 months

Tuesday 18th October 2022
quotequote all
nvubu said:
For both my new cars this year I paid the balance of the deposit on the day before, by bank transfer - they wouldn't allow pay by card on the day, but they did 3 years ago.
This, a few days before they delivered it.