02-15-2024, 01:47 PM | #1 |
As above, so it is below
1246
Rep 424
Posts |
Buy your car on the 'never, never'? You may get some compo!
|
02-15-2024, 02:20 PM | #4 |
General
17597
Rep 25,145
Posts |
Played the long game …
Retirement here I come 😅😂😇
__________________
My car made front page of Bimmerpost
|
Appreciate
4
|
02-15-2024, 02:32 PM | #6 |
Barge driver
8701
Rep 12,443
Posts |
I've 13 agreements to check! I might get the drawings out for the beach hut.
__________________
730d/Z4C
|
02-15-2024, 02:50 PM | #7 |
General
17597
Rep 25,145
Posts |
After the first dozen they just became an ethereal concept.
__________________
My car made front page of Bimmerpost
|
Appreciate
2
EvilDrPorkChop950.50 rokut399.50 |
02-18-2024, 08:32 AM | #8 |
Brigadier General
1887
Rep 3,437
Posts |
I popped notes into the finance companies for each of mine going back to the sorts of dates Martin Lewis thinks might be covered... Worst that can happen is that I am told my agreements are/were not affected...
Anyway, I shall bow to the master, JustChris ... You must be close to writing your memoirs on this, right..?
__________________
CAR HISTORY - Golf GTI 245 - F30 340i M Sport - F30 330d M Sport MPPK - F30 320d Sport - 997 Gen2 GT3 - 987 Cayman S - 986 Boxster S - Ibiza Cupra - Polo 16v - E30 M3 (Official GB import) - Integra 16v - Mk2 Polo S - Mk1 Golf C
|
Appreciate
0
|
02-18-2024, 08:36 AM | #9 | |
Brigadier General
1887
Rep 3,437
Posts |
Quote:
Martin Lewis suggests, as of today (18/2/24): There's a strong possibility you won't be able to complain about agreements made before 6 April 2007, as this is when the Financial Ombudsman took over jurisdiction of motor finance complaints, though exact rules will likely be part of results the FCA's investigation.
__________________
CAR HISTORY - Golf GTI 245 - F30 340i M Sport - F30 330d M Sport MPPK - F30 320d Sport - 997 Gen2 GT3 - 987 Cayman S - 986 Boxster S - Ibiza Cupra - Polo 16v - E30 M3 (Official GB import) - Integra 16v - Mk2 Polo S - Mk1 Golf C
|
|
Appreciate
0
|
02-18-2024, 10:00 AM | #11 |
Brigadier General
1887
Rep 3,437
Posts |
There's a guide as to the latest advice about it all from Martin Lewis on the Money Saving Expert site...
__________________
CAR HISTORY - Golf GTI 245 - F30 340i M Sport - F30 330d M Sport MPPK - F30 320d Sport - 997 Gen2 GT3 - 987 Cayman S - 986 Boxster S - Ibiza Cupra - Polo 16v - E30 M3 (Official GB import) - Integra 16v - Mk2 Polo S - Mk1 Golf C
|
Appreciate
0
|
02-18-2024, 03:02 PM | #12 | |
Barge driver
8701
Rep 12,443
Posts |
Quote:
I doubt there is anything to claim as the vast majority were BMWFS agreements on new cars with campaign supported APRs from 0-4.9%
__________________
730d/Z4C
|
|
Appreciate
0
|
02-19-2024, 04:48 AM | #15 | |
Barge driver
8701
Rep 12,443
Posts |
Quote:
I do know that with used car dealers they would vary the interest rate as those finance companies allowed them to do that and take more commission.
__________________
730d/Z4C
|
|
Appreciate
0
|
02-19-2024, 05:07 AM | #16 |
Brigadier General
1887
Rep 3,437
Posts |
To be fair, I think most (if not all) of mine were like that also, and if that's the outcome of my enquiries then that's good...
__________________
CAR HISTORY - Golf GTI 245 - F30 340i M Sport - F30 330d M Sport MPPK - F30 320d Sport - 997 Gen2 GT3 - 987 Cayman S - 986 Boxster S - Ibiza Cupra - Polo 16v - E30 M3 (Official GB import) - Integra 16v - Mk2 Polo S - Mk1 Golf C
|
Appreciate
0
|
02-19-2024, 02:15 PM | #17 |
General
17597
Rep 25,145
Posts |
What do we think about this part?
‘The vehicle had to be for primarily personal not business use. Commuting comes within personal use, but using it more than occasionally for business or paying on your business will likely mean it won't count.’ ‘It DOES include Personal Contract Purchases (PCP). Personal Contract Purchase are where you make loan-like repayments with the option to pay a larger 'balloon' payment at the end if you want to own the car. ‘ So would my PCPs with the car used for work and personal allowed to be included?
__________________
My car made front page of Bimmerpost
|
Appreciate
0
|
02-19-2024, 02:22 PM | #18 | |
Barge driver
8701
Rep 12,443
Posts |
Quote:
I think they are excluding lease purchase agreements run through a business, where the owner of Cleckheaton valves treats himself to a new Jag every 3 years.
__________________
730d/Z4C
|
|
Appreciate
1
JustChris17597.00 |
02-20-2024, 06:08 AM | #20 |
Lieutenant Colonel
614
Rep 1,799
Posts |
I've only ever had PCP finance via BMW FS (which I always paid off early) so it was easy to complete the Martin Lewis online form as I had the agreement number of the last one taken out in 2019 to hand. I received an acknowledgement email from BMWFS & they will look into things and reply in due course.
__________________
U06 230e Active Tourer |
Previous : 2019 F31 340i : 2017 F31 335D M-Sport |
Appreciate
0
|
02-20-2024, 02:00 PM | #22 |
Lieutenant Colonel
1913
Rep 1,756
Posts |
Unfortunately I can't sign up with the 'ambulance chasers' for a bit of compo as I made the mistake of saving hard, making sacrifices elsewhere and buying all my cars for cash.
Damn it! |
Appreciate
1
Sasquartch606.00 |
Post Reply |
Bookmarks |
|
|