Can l change my mind about proceeding with the car finance on the day of car collection?

[Stella66]

ls this possible? I have just realised l could get the same car at �60 cheaper per month elsewhere. I know l should have done some research first before l signed the finance documents, but l suppose l can still pull out, Cant l?

[yummymummy]

You don't get any automatic cancellation rights if the agreement was signed at the garage. Depending on how long ago it was, you may be able to withdraw, but this can only happen if the agreement hasn't been executed (signed) by the finance co (or the garage on their behalf).

You can pull out, but will probably have to pay some kind of penalty amount for doing so, ask the finance co for settlement figure and see if it works out cheaper in the long run that the other deal you have seen.