Black Horse - Time to process PCP application?

[iconic_tb]

Very interesting. What was your deposit and when in the process have you negotiated this?

 

[Asterix187]

To be fair it was a year or two ago now. Depending on personal circumstances you could get different rates through Tesla with the minimum being 1%.

 

[OOvOO]

Oh poop! Didn’t know that could be negotiated

i have the same as yours. Collection in 4 days. I don’t think they will negotiate that figures with me. Have to work hard...

 

[OOvOO]

To be fair it was a year or two ago now. Depending on personal circumstances you could get different rates through Tesla with the minimum being 1%.

Personal circumstances, fair enough.

 

[opieor]

Mine was on my finance documentation. Negotiated before order.

When did you order? I'm pretty certain the lower rate was offered when they initially started to offer PCP

 

[iconic_tb]

Confirmed on both sides Tesla and Black Horse. 4.9% is non negotiable at the moment. Still reasonable I would say, paying around 7.9% on my Audi.

 

[Russinating]

Mine took 3 working days (submitted 9am Monday, received approval 5pm Wednesday).

 

[Cozzavillain]

Confirmed on both sides Tesla and Black Horse. 4.9% is non negotiable at the moment. Still reasonable I would say, paying around 7.9% on my Audi.

- I can confirm this! just had my financing approved and the 4.9% was non-negotiable.

Haven't placed my order yet, but hopefully this weekend!

 

[MrBadger]

Please use someone’s referral code to mutually benefit from some free supercharging. Pretty much everyone in here will have it listed in their user profile so take your pick - against forum rules to make more visible

 

[ringi]

Given 5 year fixed rate mortgage are now often under 2%, a remortgage may be a better option.

 

[DJP31]

Given 5 year fixed rate mortgage are now often under 2%, a remortgage may be a better option.

That’s true, although an advantage of PCP is the ability to hand the car back. You could box clever and raise enough to max out the deposit at 30% of purchase price, thus borrowing less at the higher PCP rate.

 

[MaximusE]

I collect next Sunday & I’ve yet to receive any paperwork from Black Horse (agreement has been processed etc though)

Is this normal?

 

[kevuwk]

I collect next Sunday & I’ve yet to receive any paperwork from Black Horse (agreement has been processed etc though)

Is this normal?

Think you sign it when you pick the car up. They didn't get me to sign anything so chased me up a few days later

 

[TRG103]

I applied for finance with Black Horse 09/02/2020, and it said on the application that I should hear back within four hours. Nothing came in, I assumed it was because I applied on a Sunday, so I ended up calling Tesla on Tuesday 11/02/2020 and the nice person confirmed that the application had been accepted, and manually updated my account page to the "we are drafting up your contract" stage. Then on 13/02/2020 I got an email through from Black Horse themselves confirming that it had been accepted.

That's where I'm up to now, still not paid anything beyond the £100 deposit. I've been assigned a hidden VIN, so I know the car is on a boat somewhere at least!

 

[Matt2000]

Hmm, I got one email from FinanceGB within 24 hours to say I was approved but nothing else but my account still says "Your credit application has been received." Maybe I need to give them a call.

My understanding was you don't pay the deposit until much closer but I have it ready whenever they want it. I also got 4.9%, which is what I was expecting and I'm happy with it, assuming I don't keep the car after 4 years I will have only paid around £3k for the performance upgrade.

 

[Matt2000]

Can't edit my above post for some reason, spoke to Mike in Solihull and he checked my account, made a change which stuck for a while and then changed back. Sounds like it went through fine anyway and hasn't delayed the order, will keep my eyes peeled for emails.

 

[Mr H]

I collect next Sunday & I’ve yet to receive any paperwork from Black Horse (agreement has been processed etc though)

Is this normal?

I had an e-mail with all the paperwork attached. You won't get any paperwork at collection as it's all done on an iPad

 

[MaximusE]

I had an e-mail with all the paperwork attached. You won't get any paperwork at collection as it's all done on an iPad

When I’m relation to collection did you get that email?

 

[Mr H]

When I’m relation to collection did you get that email?

8 days before on 11th feb