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| Approved Car Finance Rip Off (help); Approved Car Finance | |
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| Topic Started: Nov 14 2006, 12:51 PM (217 Views) | |
| Madmax1968 | Nov 14 2006, 12:51 PM Post #1 |
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I purchased a S Reg Freelander from Approved Car Finance, while driving it home I could hear a strange noice coming from the front wheels, so the next day took it to our local garage for them to have a look at. When he hoisted the car up he couldnt believe what he saw, the whole of the undercarrage was rusted over and he said it looked as thought it had been in and out of water for its whole life. I phoned APC who said they would get it picked up and fixed. Two weeks later the car was returned, and when the service manager phoned me he explained that they had replaced a wheel and rust coated the underneath. This was the start of the problems: 3 months Later more noises from the engine bay: Engine mounting brackets broken £247.23 6 Months Later Front Prop shaft went: £500.26 I called ACF as I had taken out the Motor warrenty insurance, to be told that it wasnt covered as this was whare and tear of the vechicle of that age. 3 Months later: Starter motor goes: £182.13 1 week later: Tail gate Handle breaks:£115.16 2 Month later: Radiator Replaced: £267.38 1 Week Later:Head Gasket, water pump rear mounting bush :£1,430.72 So after 18 Months where a car that has cost £305.68 PER Month £6400.00 Cost of Car £1978.00 Arrangement Fee £195.00 Credit Facility Feee Total: £8,923.00 THEN ON TOP OF THAT PPI £2,085.93 Interest on PPI £801.27 Motor Warranty £ 695.00 Interest on Warranty £267.00 Total £3,849.20 TOTAL to Pay £12,772.20 I have paid out in 18 months £2742.65 And guess what the bloody thing is in the Garage again This time is another £550. So in 19 months it has cost me over £3000 to fix it as well as paying for it, so I had enough I phoned ACF and said I wanted to trade in asw I was told that after 18 months I could trade up and that if I kept my repayments up to date it would improve my credit rating and I could get a better car at a cheeper rate. I phoned them this morning and told them the pay out figure I got, thet have come back saying that the car has depresiated into negative equity and that I would have to pay the short fall of "What for it" £3300 if I wanted to change the car. I said that is silly as I dont have that type of money so they told me to come back in 6 months when Ive paid off more of the loan. HELP HELP HELP Ive got a car that is costing more that a small country, I NEED to get out of it CAN YOU PLEASE GIVE ME SOME ADVICE MAX |
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| Steve_G | Nov 14 2006, 01:16 PM Post #2 |
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I would get all receipts, inform Approved that you have had enough (continue paying however) and that you believe the vehicle was unfit for use and are going to be taking it up with Trading Standards see if they come back with anything. If they dont then goto trading standards and explain everything to them and have all proof e.g receipts for work etc good luck and keep us posted |
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| Madmax1968 | Nov 14 2006, 01:47 PM Post #3 |
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I have just spoken to them, and I remembered that I was told I couldnt have the Finance in I didnt take the PPI and that when I went to clain against the Mechanical Breakdown Cover I was told I wasnt covered because of the age of the car and wear and tear, They said that I would need to prove to them that the car had these faults before it was sold to me, I informed them that the day after I took the car I had called them because of the problems that where reported to me by my local garage, and that the list of repairs they carried out indicated that the car was not fit for sale. They have told me they will do an internal investigation into the sale of the PPI and the Breakdown cover and get back to me in 2-8 weeks. I can then decide on my options. What do you think I should do next Max |
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| jenni | Nov 14 2006, 03:31 PM Post #4 |
www.saynotoyes.co.uk
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i would definitely get down to trading standards asap. there were very helpful when i had problems with my car from YCC. ask them about the Sale of Goods Act and also where you stand as you have been paying for a warranty that your vehicle isn't even covered by |
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<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/> ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. ****************************************** 
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| whistleblower | Nov 14 2006, 04:03 PM Post #5 |
www.saynotoyes.co.uk
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Send an email to Jim.rowley@thefundingcorporation.com and David.titmuss@thefundingcorporation.com They are the MD and Operations director at The Funding Corporation. This is the company that owns Approved. Outline your issues to them and let them know you have been intouch with us here at saynotoyes! Let us know what response you get back please. |
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<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/>  <FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT> Are you having problems with Yes Car Credit or a debt collection agency? Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:. James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99 watchdog@bbc.co.uk or telephone - 020 8535 1000 ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts ******************************************
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| Madmax1968 | Nov 17 2006, 11:28 AM Post #6 |
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I send an email to David Titmuss and and Mr Rowley, David Titmuss email addressed bounced. Wonder if he is still there? |
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3:07 PM Nov 29
