V4 V4s Pcp

bradders · May 20, 2019

Simon Audi said: ↑

The dealer does not get hit for the refund of the deposit allowance - but they loose some or all of the commision they get paid on selling the finance.

So made up numbers - but lets assume VW Finance offers £3000 deposit allowance

1 week into the agreement you notify them you will cancel and settle the finance 3 weeks later

You keep the £3000 and VW loose this.. Then VW Finance cancel 90% of the dealer commision of say £500 so he just receives £50

If you settle after 3 months instead of 1 week - then maybe the dealer looses half his £500 sales fee.

If you settle after 6 months the dealer keeps everything.

This is how my dealer explained it to me when I asked him about 2 months ago when we bought the last car.

VW Finance see it as miss selling the finance agreement as they are supposed to ensure under financial regs that the finance is the correct thing for the customer.. so they withold the commission as punishment.

I believe its more complicated than above - because of the discounts and other things that go on between VW and the dealer to push stock...

But that gives you the idea.
Click to expand...

Still not seeing the problem. 3k in your pocket vs 500 in the dealers....

It’s always been the same and they still offer deals like it. Most don’t pay, simple as that really. So the finance companies can afford it.

So can the dealer

Mary Hinge · May 20, 2019

Simon Audi said: ↑

VW Finance see it as miss selling the finance agreement as they are supposed to ensure under financial regs that the finance is the correct thing for the customer.. so they withold the commission as punishment.
Click to expand...

Love this line. Yeah right. VW Finance should just say 'we'll get our bit- don't you fucking worry'

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