> On the subject of which....... isn't it illegal to 'add on' payment
> > protection without the consent of the applicant?
>
> If you haven't actually got the money yet the transaction is not complete,
> just ask them not to include payment protection.
Oh yeah, I know I can do that, but it's really pissed me off as I have to wait _another_ 3 days for new forms to be sent out.
PP has to be offered on all loans by law these days, the lender likes it
> cos it makes big profits. You may find that the loan is refused if you
> don't take the PP though....
And _that_ is definitely a bit dodgy.
Garages usually include it in the payments without reference to the
> lender,("assumptive sale"), but dont have it if you dont want it. If you
> want to know more about "dubious" and "interesting" garage and/or finance
> practices, just ask I have been in the trade for many years.
Heh. I was caught out by my bank many years back the first time I took out a loan. Paid it of early, but took a _massive_ hit on the 'payment protection'.
Cheers Alan.
> Best of luck finding the car
Cheers - got a couple of local big-dealer cars to look at tomorrow - I'd prefer to pay a bit more than be pissed about by some of these smaller traders / private sellers.