Part ex with PCP

SMN

SMN

Soldato
Joined
2 Nov 2008
Posts
2,502
Location
The ether
We bought a 2nd hand car 'with cash' on the 30th July and traded in our old car which was on PCP with a balloon payment coming in October (or hand it back). We got £1K towards the new car so we part exchanged and the dealer is handling the settlement agreement with Nissan Finance.

Does anyone know roughly how long it takes for dealers to pay the balance with the finance company in these situations? I have numerous receipts as proof and its a reputable dealer, just dont want to start chasing if these things take 4-6 weeks regularly.

TIA!
 
Thanks chaps, chasing up with them now. First time doing this so i took them at face value that this was just 'how it works'. Ive got a docusign document as part of the purchase showing we are part-exchanging and what the settlement figure is, who they owe it to, etc.
Worst case, i'll just report the car as stolen :p
 
Thanks chaps, chasing up with them now. First time doing this so i took them at face value that this was just 'how it works'. Ive got a docusign document as part of the purchase showing we are part-exchanging and what the settlement figure is, who they owe it to, etc.
Worst case, i'll just report the car as stolen :p

Haha don't report it as stolen. And don't cancel your direct debit, the finance company will refund you if you end up overpaying a month. Hopefully it won't come down to that. I recently swapped a finance on a Saturday and the dealer did it no problem on the Tuesday when their sales admin were in, chase of course but have some faith!
 
Thought people would enjoy an update on this thread.
5 weeks (!) and the settlement was finally paid yesterday. This is despite being told 3 times in the last 3 weeks 'oh ive spoken with accounts and its paid now', 'oh there was an issue but its been submitted for payment now', etc. I was drafting up a small claims letter it was getting that bad. Avoid Inchcape like your life depends on it, particularly their Swindon branch. Very, very poor after sales. Sales Manager was totally useless, didnt even reply to emails in the end.

Also, I complained to their head office and I finally got a response of:
"Hi Sam, I work on behalf of Inchcape Head Office Customer Experience Team. All of our cases are logged on a ‘Customer 1st’ portal and categorised by Retail Centre, area of complaint (e.g. Sales, Aftersales, etc.) and nature of complaint. Once an issue is identified, via feedback from a customer, we investigate this with the retail centre with a view to resolving the customers concerns and identifying training needs of the team. We have spoken to the Senior Management Team to discuss how they can streamline their processes to prevent situations of this nature arising again. Again, I am so sorry to learn of your poor experience and I apologise that the Retail Centre did not expedite the issue in order to resolve matters sooner. However, I feel our team has worked swiftly to investigate and resolve once the matter was brought to our attention. On this occasion there will be no goodwill provided. Thank you Emma"

This is despite me having to chase on a daily basis for the last 3 weeks to get them to fulfil their legal obligation and pay the settlement. Warning: avoid, avoid, avoid.
 
Thought people would enjoy an update on this thread.
5 weeks (!) and the settlement was finally paid yesterday. This is despite being told 3 times in the last 3 weeks 'oh ive spoken with accounts and its paid now', 'oh there was an issue but its been submitted for payment now', etc. I was drafting up a small claims letter it was getting that bad. Avoid Inchcape like your life depends on it, particularly their Swindon branch. Very, very poor after sales. Sales Manager was totally useless, didnt even reply to emails in the end.

Also, I complained to their head office and I finally got a response of:
"Hi Sam, I work on behalf of Inchcape Head Office Customer Experience Team. All of our cases are logged on a ‘Customer 1st’ portal and categorised by Retail Centre, area of complaint (e.g. Sales, Aftersales, etc.) and nature of complaint. Once an issue is identified, via feedback from a customer, we investigate this with the retail centre with a view to resolving the customers concerns and identifying training needs of the team. We have spoken to the Senior Management Team to discuss how they can streamline their processes to prevent situations of this nature arising again. Again, I am so sorry to learn of your poor experience and I apologise that the Retail Centre did not expedite the issue in order to resolve matters sooner. However, I feel our team has worked swiftly to investigate and resolve once the matter was brought to our attention. On this occasion there will be no goodwill provided. Thank you Emma"

This is despite me having to chase on a daily basis for the last 3 weeks to get them to fulfil their legal obligation and pay the settlement. Warning: avoid, avoid, avoid.

That's such a terrible response from Inchcape. They're basically saying that it's ok because they responded to your complaint, even though their response didn't expedite anything.

I'd get on LinkedIn and find some more senior people to complain.
 
Back
Top Bottom