PCP deposit payment

[Adams901]

Hi all,

Do you have to pay the £100 non refundable deposit before you can complete the PCP application?

Can't see anywhere on their website to see if you will be accepted before ordering.

Thanks in advance

 

[Magstauk]

Yeah you do. Once you pay the £100 it starts the process and the method of payment is contained in there.

 

[Adams901]

Thanks, bit of a pain, if the deny PCP your £100 down lol

 

[Mr H]

Thanks, bit of a pain, if the deny PCP your £100 down lol

With UK consumer rights you are not down anything, under the distance selling regulations you're entitled to the £100 back and many people have done so

 

[joexn]

Incorrect – if they decline your application, you'll receive the £100 back. It's only if you pull out of the order, you don't get it back. They can't charge you the order fee if they can't provide you with finance.

Source: asked Tesla support when I was purchasing my Model 3.

 

[Mr H]

I am CORRECT, any purchase online comes under the Consumer Contracts Regulations which has a 14 day cooling off period, I couldn't care less what tesla support say as they've tried to pull the wool over a few buyers and then refunded the fee after the regulations were quoted.

What are my rights under the Consumer Contracts Regulations?​

• Your right to cancel an order for goods made at a distance starts from the moment you place your order and ends 14 days from the day you receive your goods
• Your right to cancel a service made at a distance starts the moment you enter into the contract and lasts 14 days

Consumer Contracts Regulations - Which?

The Consumer Contracts Regulations give you rights when shopping online, so you’re covered if things go wrong.

www.which.co.uk

 

[joexn]

I am CORRECT, any purchase online comes under the Consumer Contracts Regulations which has a 14 day cooling off period, I couldn't care less what tesla support say as they've tried to pull the wool over a few buyers and then refunded the fee after the regulations were quoted.

What are my rights under the Consumer Contracts Regulations?​

• Your right to cancel an order for goods made at a distance starts from the moment you place your order and ends 14 days from the day you receive your goods
• Your right to cancel a service made at a distance starts the moment you enter into the contract and lasts 14 days

Consumer Contracts Regulations - Which?

The Consumer Contracts Regulations give you rights when shopping online, so you’re covered if things go wrong.

www.which.co.uk

I didn't reply to you directly, I posted it generally to OP.