New car finance question

Jono8 · 6 Feb 2015 at 19:22

Quick question about picking up a brand new car - I am picking up a new car on the 2nd March and the dealer has emailed me today to say that i need to go in and sign the finance papers before the collection date.

This doesn't sit well with me, and quite frankly i don't want to sign anything until the collection date and until i have had a chance to inspect the car ( i have already paid a small £500 deposit to reserve/order the car).

This is the first time i have bought a brand new car so I'm not really sure whether this is normal so i would appreciate some experience on the matter.

Thanks.

Steve2000 · 6 Feb 2015 at 19:23

Out of interest, what would you want to inspect on a brand new car?

Jono8 · 6 Feb 2015 at 19:28

Steve2000 said:
Out of interest, what would you want to inspect on a brand new car?

Seriously?

Hyburnate · 6 Feb 2015 at 19:32

Steve2000 said:
Out of interest, what would you want to inspect on a brand new car?

The long list of things that they've probably done wrong or aren't to OPs satisfaction?

Jono8 · 6 Feb 2015 at 19:34

Hyburnate said:
The long list of things that they've probably done wrong or aren't to OPs satisfaction?

This

daveski · 6 Feb 2015 at 19:49

I thought this was to ensure there were no delays on the day?

Adam · 6 Feb 2015 at 19:49

Signing in advance is standard practice.

Steve2000 said:
Out of interest, what would you want to inspect on a brand new car?

My brand new Clio had a scrape on the rear bumper which you could only see in certain lights, luckily my mate spotted it as I would have missed it in the excitement of picking it up.

Imagine spotting it a few days later and trying to argue it was like that upon delivery.

Even my new fiesta had a mark on the door where it had been opened on to something and just chipped the paint.

People shuffling these cars around prior to delivery do not care about your car, they move cars constantly and no doubt have targets to hit. Mistakes are made.

Sui · 6 Feb 2015 at 19:51

It's just to make sure you can actually drive it away on your day of collection

Steve2000 · 6 Feb 2015 at 19:52

Jono8 said:
Seriously?

Yes. I said out of interest, I wasn't being funny.

Jono8 · 6 Feb 2015 at 19:53

Steve2000 said:
Yes. I said out of interest, I wasn't being funny.

Oh. Well you have your answers above.

[TW]Fox · 6 Feb 2015 at 19:53

Sui said:
It's just to make sure you can actually drive it away on your day of collection

No it's not, you can do a same day finance document signing.

Jono8 · 6 Feb 2015 at 19:56

[TW]Fox;27595060 said:
No it's not, you can do a same day finance document signing.

You're an eminently sensible chap - would you sign the finance documents before collection or wait until the collection day itself?

[TW]Fox · 6 Feb 2015 at 19:58

Jono8 said:
You're an eminently sensible chap - would you sign the finance documents before collection or wait until the collection day itself?

No, I would wait for collection date personally

Jono8 · 6 Feb 2015 at 20:45

[TW]Fox;27595082 said:
No, I would wait for collection date personally

This is what i would prefer to do. I just wanted to check whether there was actually any valid reason why i would not be able to.

Housey · 6 Feb 2015 at 20:46

Tell them you will sign on the day, the end.

Ahleckz · 6 Feb 2015 at 21:02

Could be a cheeky attempt for them to register it as a Sixty four plate but no real reason for you to have to sign the finance docs. Though Sometimes if a customer has poor credit history then the dealer will want to ensure funds are in the bank from the finance company before releasing the car. Happens quite often. But it's certainly not the norm at a major dealer group I work for.

J1nxy · 6 Feb 2015 at 21:24

Signed a few of the docs on the 6 beforehand but that things like the reg plate transfer and tax docs. Finance doc was signed on the day after I'd inspected the car.

ElliottJames · 6 Feb 2015 at 21:47

Adam said:
Signing in advance is standard practice.

My brand new Clio had a scrape on the rear bumper which you could only see in certain lights, luckily my mate spotted it as I would have missed it in the excitement of picking it up.

Imagine spotting it a few days later and trying to argue it was like that upon delivery.

Even my new fiesta had a mark on the door where it had been opened on to something and just chipped the paint.

People shuffling these cars around prior to delivery do not care about your car, they move cars constantly and no doubt have targets to hit. Mistakes are made.

Who buys brand new Clios in 2015??

Glanza · 6 Feb 2015 at 21:48

I'd wait till collection day before signing anything to make sure your happy with it.

Jono8 · 6 Feb 2015 at 21:51

Ahleckz said:
Could be a cheeky attempt for them to register it as a Sixty four plate but no real reason for you to have to sign the finance docs. Though Sometimes if a customer has poor credit history then the dealer will want to ensure funds are in the bank from the finance company before releasing the car. Happens quite often. But it's certainly not the norm at a major dealer group I work for.

Definitely neither of these. I am definitely getting a 15 plate (already being asked to choose a 15 plate from their allocated plates). Passed the credit check (Ford credit) instantly when putting the deposit on the car and my credit score is excellent.

So I am not really sure why they want me to sign for it before hand.