APR Increase on PCP

wedge1986 · Post by **wedge1986** » Fri Jan 07, 2022 7:40 am

Hi All. Long time lurker but finally got a collection date for our new Puma ST. From what I found out yesterday the GFV is set on the day that the purchase agreement is signed but that the interest rate is as per the order. Be careful with this as I found yesterday - the GFV was around £1050 higher than my order but the monthly repayments hadn't changed - would have meant losing around £1000 over the course of the 3 years if I had just checked the monthly repayment figure and not properly checked the complete document. This was resolved by lowering the monthly repayments in the end. Just wanted others to be aware.

sinlessUK · Post by **sinlessUK** » Fri Jan 07, 2022 10:32 am

Everything's on the increase

Deleted User 965 · Post by **Deleted User 965** » Fri Jan 07, 2022 1:17 pm

Blimey, thanks for the heads up. How did they explain that? Thats the sort of thing they did on the Fiesta orders and it all felt a bit underhanded. Was it a genuine mistake or were they trying it on?

My dealer is being very quiet which is out of character. Just tried to nudge things for a bit of info.

Stylecarpets · Post by **Stylecarpets** » Fri Jan 07, 2022 2:23 pm

Should mean lower monthly’s for us that are due to pick cars up now that the GFV is higher and the percentage rate stays at 2.9% it’s a win win
Ordered ST 11th September 21 with pan roof electric tailgate DAP perf pack mean green

Deleted User 965 · Post by **Deleted User 965** » Fri Jan 07, 2022 2:33 pm

Stylecarpets wrote: ↑Fri Jan 07, 2022 2:23 pm Should mean lower monthly’s for us that are due to pick cars up now that the GFV is higher and the percentage rate stays at 2.9% it’s a win win
Ordered ST 11th September 21 with pan roof electric tailgate DAP perf pack mean green

Can't remember if you've said anywhere if you have a build date set yet?

Stylecarpets · Post by **Stylecarpets** » Fri Jan 07, 2022 4:00 pm

Hi been told arriving at dealers 15th jan, fingers crossed

wedge1986 · Post by **wedge1986** » Fri Jan 07, 2022 4:23 pm

I placed my order in August'21 and managed to get what was going to be a demo car - this was apparently ordered in April'21. Managed to amend the order to a different colour and added the performance pack. Other than that completely standard. Was built 2nd week of November and landed in the UK 1st week of December where it sat for a month before being delivered to my dealer today for collection next week.
They didn't say anything before receiving the finance documents but when scanning i knew something was wrong. I queried with the finance dept. or tried to tell me I had been given the wrong GFV figure on my order - which i explained was rubbish. Got a call back a couple of hours later to apologise and that Ford set the GFV and to remedy they reduced my monthly repayments so it matched my original order.
Hope that helps everyone else if they are in a similar position - can imagine there are people who only check the monthly repayment before signing away.

Deleted User 965 · Post by **Deleted User 965** » Fri Jan 07, 2022 6:56 pm

Thanks for the info folks..

Stylecarpets · Post by **Stylecarpets** » Sun Jan 09, 2022 4:59 pm

I see you can now get an ST on 0% over 2 years, does anyone know if and when my car ordered in September comes I can get this offer?
Just looked at small print , needs to be ordered from 1st jan 22

Markx · Post by **Markx** » Sun Jan 09, 2022 6:16 pm

Hi stylecarpets….yes speak to your dealer and he will change your program to the latest deal of 0% .I’ve just done mine ,I ordered on the 1st dec a puma st at 2.9% now 0%…

APR Increase on PCP

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