Bought a RR TDV8 Vogue SE, 2007 for 55K, part exed existing car for 10K, 15K cash + 30K finance. I was told by dealer when I asked him directly that the interest rate was 6%, foolishly took his word for it, didnt read small print, prestige dealer, articulate and plausable. Paper work came through and interest rate was 17.5%. and big penalty for early repayment, Royal Bank of Scotland finance. Contacted finance company and they were not interested. Paid off the finance at a cost of 3K, dealer paid a 1/3rd after long negotiation.
Was like doing business with a back street garage and a loan shark not prestige car dealer and international bank!
Check the small print!!!!!!!

Name & shame the dealer. 2005 Zambezi TDV6 - Gone but not forgotten
2009 Alaska TDV8 - Gone and much missed.



WINNER - 2009 �Idler Of The Year� Award
Runner Up - 2009 �Just Doing What It�s Designed To Do� Award


DO NOT CLICK HERE!

Kam could probably give better clarification on the exact date, but currently HP agreements over £25,000 do not show the APR, however I understand this could be changing in April to be shown on most finance documents.

I'm guessing the dealer was talking flat-rate when in fact you wanted to know the APR? As you asked directly, the fair thing would to have asked "do you want to know the flat-rate or APR" to save confusion.

Last edited by Lookers Park Royal on Sun Feb 10 2008 6:11pm. Edited 1 time in total

Always, always, ask if the rate being qouted is the FLAT rate or the APR, a lot of dealers and some banks will say to you " The intrest rate is 6%" which is their way of making it sound good, to get the APR a rough guide is to double the qouted rate and you won't be far off. Speed Limits! not where I live!

Back in a D3

Did have: RRS TDV8 2008.5MY
Did have: Q7 3.0TDi S-Line/Tech/Comms pack
Did Have: Disco3 HSE