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PCP question

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If you place an order for a car on PCP (a car that won't be manufactured and delivered for months) and intend to pay off the PCP early (within 14 days) do the 14 days begin from delivery or order date?

From delivery. Usually first payment is taken shortly after delivery, 10 days or so. 

I think it is 14 days from date you sign the finance docs, which may be day or two before you collect

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7 hours ago, SurreyJohn said:

I think it is 14 days from date you sign the finance docs, which may be day or two before you collect

 

Cheers. So you don't sign the finance docs when you place an order? Just a deposit?

On 16/10/2018 at 20:42, Fantantonio said:

 

Cheers. So you don't sign the finance docs when you place an order? Just a deposit?

correct , £500 deposit to get the ball rolling

 

my question is what happens if you loose your job, spend all the money or whatever as you wait for the car to be delivered after god knows how many months? Can you just cancel and get a refund of the deposit? i.e. is there any liability on you whatsoever until you sign the documents on handover?

Edited by TonyTonic

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