Quote:
Originally Posted by Razer
Cant say ive worked it out. I just went on the monthly figure im paying when agreeing to the deal.
|
Same as me, was told loan amount, a monthly figure and residual, with the 3 percent figure I could roughly work out total interest I would pay no problem, there was no reason to question Volvo figures but looking now there is no figure on pre-agreement for actual interest charged, I had asked dealer for a copy of final agreement but I don't get that until I collect the car, it was only in a moment of boredom or lack of detail I just calculated how much my payments added up to that I got the discrepancy which adds up to around 60% more in interest paid over the 4 years, that is a big difference
I just looked back at a quote I got for a RRS on a PCP agreement last November when looking at different options and using my calculations it works out to the penny correctly so think with that and an old BMW pcp agreement that also works out something must be amiss with Volvos figures I was given