Pulling out of a PCP deal before the car has arrived?

defeatedbythecat

Established Member
Joined
Aug 21, 2021
Messages
253
Reaction score
247
Points
87
Location
Bristol
Driving
The car that was due early next month is now due late November and I have managed to find the same model available at a different dealership where it's physically in stock.

I know it's likely to annoy the dealer, but aside from losing my deposit, is there any other financial penalty I might face?

I've signed a New Car Order form, nothing else.
 
Sorry to say if you have paid a deposit then unless they say it is refundable then you have entered in to a contract to buy the car and the dealer can ask for the full price If you pull out.
I know this from consumers program.
Ok they can not supply to car until November I recommend you talk to the dealer so see if they able have it transferred to you dealership or to see where you stand with them.
 
The car that was due early next month is now due late November and I have managed to find the same model available at a different dealership where it's physically in stock.

I know it's likely to annoy the dealer, but aside from losing my deposit, is there any other financial penalty I might face?

I've signed a New Car Order form, nothing else.
I would think it could go a couple of ways.
Either, they could offer to return your deposit without any issues, IF they have not already incurred any costs against the car, as the car is not even at the dealership yet.
Or, they may want to really arsey and try and keep your deposit.
If you ordered the car in good faith, with a delivery date promise that has now expired, then surely you have grounds to pull out of the deal ?.
Another option, is to ask the ordering dealer to transfer the car over to them.
This will only happen if both dealers agree some type transfer of stock.
This could be difficult.
Worse case, they hold you to the contract and you may have to take legal advice.
A similar thing happened tome about 20 years ago.
I placed a deposit on a second hand BMW at a large local dealership.
The following day, I received a phone call from another dealer who offered me a brand new car for the same money !.
The first dealer refused to give me money back and insisted that I concluded the deal.
I had to employ the service of a solicitor, who insisted on seeing a full written break down of the dealers costs.
She made a phone call to the sales manager and lets just say, it went no further after agreeing to pay an admin cost on the sale.
I did have the solicitor bill to settle, which was very small.
Yes, I did go ahead with the purchase of the brand new car.
It was a life lesson to be very careful on what you put deposits down on.
When I placed the £500 deposit on the order for our ZS EV - I did so, knowing it was a fully refundable deposit.
Question :- Why is the dealer deposit any different than an order placed direct with MG ?.
Have you checked the T&C"s on the contract.
 
Support us by becoming a Premium Member

Latest MG EVs video

MG Hybrid+ EVs OVER-REVVING & more owner feedback
Subscribe to our YouTube channel
Back
Top Bottom