PCP VRT change

The VRT increase was made by the Government back in October when the budget was announced but only takes effect on all brand new cars registered from 1st January. You could argue that the dealer should have notified you of the price increase after the budget announcement and given you the option to cancel the purchase at that time but its very probably that there is a clause built into the terms and conditions of the order form that includes unexpected price increases.

What did the dealer say when you queried it with them?

I wouldn’t agree fully with you there, the garage would have given a price that included taxes, as opposed to itemising or selling plus-tax.

Its absolutely the responsibility of the garage to let the customer know that the price they quoted was incorrect. They would have known since October.

The reality is they couldn’t be arsed because they have things good at the moment, and will sell the car either way.

Telling the customer when the car is ready that the price has gone up (3 months after the increase was known to the seller)is not good practice.

The sales order form will have this covered off of course.

No, I’m not selling PCP. What’s the issue you have with it anyway?

please don’t answer with something like “you should buy a car with cash, if you don’t have the cash then you shouldn’t be buying a new car”

Said everyone who doesn’t understand PCP!

Much better to buy a depreciable asset outright and watch it sit on your drive losing more every day!

I'll ask a different way.

When vat rate dropped temporarily from 23% to 21% did people expect the garage to keep the extra 2% or drop the price to reflect the new lower vat rate?

Every contract I have seen always states that tax changes can mean a change in the price. And it works both ways

I heard that utter sh1te a few years ago when pcp was in its infancy.

Armageddon is what these eejits who did not have even the basic understanding of it said would happen.

6,7,8 years later I still can't see this Armageddon on the horizon and tens of thousands of pcp deals have come and gone and seems 99% of people have been happy. All the valuations stood up and garages were not left with hundreds of unsold cars (even before brexit caused supply issues)

If anything, it was very clever financing and unusually it worked in everyone's favour. I said so back then (under a different name) and was told I did not know what I was talking about (finance costings is one area I have extensive knowledge) - I'd like to say to MTU and the others that dissed pcp, "I told you so"

I’d say MTU just can’t get credit!